ShapeDo ltd.

ShapeDo ltd. is a technology company specializing in innovative cloud-based solutions that streamline construction design change management, enhancing collaboration among project stakeholders. Founded in 2014 by Amit Dar, Arye Isaacs, and Guy Sheffer, ShapeDo ltd. operates from Modi`in Makkabbim Re`ut, Israel.

The company has executed 1 deal, with its most recent funding round being a Seed round of USD 0. 65 mn led by Goldacre on November 12, 2019. Arye Isaacs currently serves as the CEO. ShapeDo specializes in providing innovative solutions for managing construction design changes effectively.

Their core product suite focuses on a cloud-based platform that facilitates real-time collaboration among architects, engineers, and construction managers. This platform enables users to track design modifications seamlessly, ensuring that all stakeholders are updated on changes and can respond promptly. The primary end-use cases addressed by ShapeDo revolve around reducing project delays, minimizing errors, and enhancing communication across all phases of a construction project. Their client base typically includes construction firms, architectural agencies, and engineering consultancies operating in North America and Europe, where the demand for efficient design management tools is significant.

ShapeDo generates revenue primarily through a subscription-based model, catering to businesses in the construction and architecture sectors. Clients engage with the platform under various pricing plans, which may include tiered subscriptions based on the number of users or the level of features accessed. Businesses might subscribe to a basic plan that provides essential functionalities for smaller teams, while larger enterprises may opt for advanced packages that offer enhanced collaboration tools and analytics. The firm also establishes partnerships with construction industry stakeholders, allowing for further integration of their services within existing workflows.

These transactions underscore a direct B2B engagement strategy, enabling ShapeDo to effectively serve its clientele and secure recurring revenue streams. ShapeDo intends to use the raised USD 0. 65 mn in Seed funding to enhance its product offerings and expand into new markets. The company is currently designing new features for its platform, with planned releases set for next year.

Additionally, ShapeDo aims to penetrate the European market more aggressively by 2024, targeting increased user acquisition and partnerships within the industry.