Buildup

Buildup delivers a digital solution that enhances construction project management, improving communication and efficiency among stakeholders. Designed for the multifamily construction sector, it optimizes issue management throughout project lifecycles. Buildup is a company specializing in construction project management software, founded in 2013 in Palo Alto, US. The company has completed 3 deals, with its latest funding round, Series A, raising USD 7.

00 mn led by TLV Partners on May 21, 2021. Buildup was co-founded by Oren Cohen, Pedro Santos, Tiara Shafira, and other notable individuals. The company was acquired by Stanley Black & Decker, Inc. in 2021, although financial terms of the acquisition were not disclosed.

Buildup offers a comprehensive digital solution designed to streamline the management of construction projects, significantly enhancing efficiency and communication among project stakeholders. The core product enables users to create and manage issues throughout the project lifecycle, resulting in up to a 44% reduction in closeout time. Key features include customizable PDF and XLS report exports, project checklists organized by priority, and a mobile app that facilitates communication with automatic translation capabilities. The platform is tailored for construction managers, field supervisors, and subcontractors, with notable clients such as Lennar LMC and Mill Creek Residential Trust.

Buildup operates primarily in the United States, targeting the multifamily construction sector, but its solutions can be applicable to various construction projects across different geographical markets. Buildup generates revenue through a subscription-based model, allowing clients to access its platform for project management and collaboration tools. The company’s pricing structure is designed to accommodate various client needs, with potential plans that could cater to small, medium, and large construction firms. By utilizing its platform, clients can engage in streamlined project workflows, enhancing efficiency and reducing the time allocated to inspections and issue resolution.

The flagship offerings include its mobile and web-based applications that facilitate real-time communication and project oversight. Buildup maintains a focus on delivering value to its clients through proven time and cost savings across construction projects. Following the acquisition by Stanley Black & Decker, Inc. in May 2021, Buildup is expected to leverage its existing technology and expertise to expand its market reach.

The company aims to explore new product developments to enhance its offerings in the construction management sector. Specific plans for entering new markets or geographic regions have not been detailed, nor have any target dates been specified.