Home Funding Austrian proptech startup PlanRadar raises USD 69 million in Series B

Austrian proptech startup PlanRadar raises USD 69 million in Series B

Austria-based PlanRadar, a cloud-based SaaS management solution for managing construction and real estate projects, documentation, tasks, and defects, raised USD 69 million on 20th January 2022.

Investors: The investment round was co-led by Insight Partners and Quadrille Capital. Several existing investors, including Cavalry Ventures, Headline, Berliner Volksbank Ventures, and aws Gründerfonds, alongside new investors Proptech1, Russmedia, and GR Capital, participated in the round.

Purpose of funding: This new funding will allow the startup to redouble its international expansion and technological advancement. Furthermore, new offices will be opening in the United States, Australia, Southeast Asia, and Latin America. Moreover, the startup will create a new R&D centre and a product innovation team to introduce industry-defining technologies to its game-changing SaaS platform.

About PlanRadar

Founded in 2013 by Clemens Hammerl, Constantin Köck, Domagoj Dolinsek, Ibrahim Imam, and Sander van de Rijdt, PlanRadar is located in Vienna, Austria. PlanRadar is a cloud-based SaaS management solution for managing construction and real estate projects, documentation, tasks, and defects. In addition to tracking faults and tasks, the startup’s solution allows for building inspections and maintenance. Teams can share digital floor plans, and BIM models communicate and track any data using a web application or app for all smartphones and tablets (iOS, Android, and Windows) in just a few minutes.

PlanRadar is cloud-based, which means there is no installation required, and it can be used anywhere and anytime, also offline. Users upload blueprints, and defects and tasks can be pinned directly to the blueprints via their smartphones and tablets, then communicated with other stakeholders. There are documents documenting the entire communication process, which can be used for reports and revisions. PlanRadar digitizes workflows, reducing errors, saving time for all parties, and enabling greater efficiency. 

What the founders have to say

“We’re on a mission to make construction and building operations easier to manage, and we’ve proven there’s a huge global appetite for our technology,” said Ibrahim Imam, Co-Founder, and Co-CEO at PlanRadar.

“We are so proud of everything our team has achieved, and we’re grateful for our investors’ support as we add value for customers across new markets and industries.”

“By growing PlanRadar into the world’s leading PropTech platform, we’re transforming an industry that has historically been reluctant to go digital,” said Sander van de Rijdt, Co-Founder and Co-CEO at PlanRadar.

“We’re showing that if you give customers an intuitive platform that makes their jobs easier, and combine it with gold-standard support services, then they are eager to embrace cutting-edge solutions. It really is as simple as that.”


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Varun Nath writes about the startup ecosystem on VC Bay. A student at Delhi University, he is pursuing a Bachelor of Commerce degree. In pursuit of exploring the world of finance and technology. You can reach him at varunnath155@gmail.com

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