A startup with nine years of experience in no-code software for the construction industry has secured $27.5 million in Series A funding.
The Series A round for Sitemate was spearheaded by Blackbird, with additional support from Shearwater Capital and Marbruck.
The funding will be directed toward developing its product and engineering teams, as well as expanding its global customer base and market presence.
Dashpivot, founded by Hartley Pike and Sam McDonnell in 2015, later rebranded as Construction Cloud to better reflect its mission.
In 2017, the startup was accepted into Startmate, and by 2018, they had raised $1.3 million. In November 2023, Blackbird and Artesian increased their investment, joining Marbruck Investments in a $7.5 million pre-Series A round.
Recognizing the challenges of managing paperwork and processes in industries like construction, energy, and mining, Sitemate developed a suite of software platforms. These platforms aim to eliminate manual tasks, improve data accuracy, and enhance overall operational efficiency. Their flagship platform focuses on automating project delivery, ensuring seamless data flow and comprehensive record-keeping.
In a $2 million acquisition earlier this year, Sitemate acquired Nomad, another company from the Startmate alumni network. Nomad, a provider of construction fleet management solutions, was rebranded as Gearbelt following the acquisition.
Having doubled its workforce to 140 employees over the past year, the company is making significant strides in North America. In addition to offices in London, Vancouver, and Toronto, they plan to open an Austin, Texas, location in 2025. Although their customer base is still mostly in Australia, the company is moving toward global expansion.
According to Pike, the CEO, Sitemate’s core assumption is that companies in the built world necessitate the adaptability and tailorability inherent in traditional no-code tools such as Microsoft Word and Excel.
He noted that numerous companies in the built world encounter difficulties adopting and utilizing “all-in-one” systems due to their inherent clunkiness. This frequently compels these companies to revert to legacy formats such as Word, Excel, and even paper, which are perceived as more adaptable and user-friendly.
The company is witnessing significant success in product adoption, retention, and customer referrals, which they attribute to the flexibility and user-friendliness of their offerings.
The company, as outlined by McDonnell, the VP of product strategy, will not be developing “horizontal” software tools or competing in the general business software market.
McDonnell clarified that the company’s focus is on building tools specific to the built world, and these will be seamlessly integrated with widely used business systems, including accounting software, CRMs, and the Microsoft suite.
