Comstruct, based in Münchner Technologiezentrum (MTZ) has developed a platform for material purchasing in the construction industry. This platform digitizes construction material data such as delivery notes and invoices and automates processes such as ordering, invoice reconciliation, construction site management, and ESG reporting for the construction industry. This solution is designed to enable construction companies to digitize and automate their procurement processes. Furthermore, the automation of these processes is intended to reduce errors and save time and costs. Henric Meinhardt, CEO and Managing Director of Comstruct, explains:
"Contractors are drowning in administrative processes: mountains of delivery notes and rooms full of employees answering and documenting calls... I saw this firsthand when I worked for one of the world's largest concrete suppliers. At Comstruct, we want to enable them to simply get back to building. Given recent developments in artificial intelligence, now is the perfect time."
These experiences also seem to have convinced the investors in the current funding round. Luna Schmid, Partner at GV, says:
"The founding team of Comstruct impressed us with their deep understanding of the construction industry, with their complementary strengths in go-to-market, product, and technology. They identified critical pain points for a vast market and offer a seamless solution to move the construction industry from manual processes to modern workflows. We are excited to support this exceptional team in building a company that sets standards."
The Comstruct platform is already being used in large construction projects, such as the invoice reconciliation for the Gotthard Base Tunnel in Switzerland. With the fresh capital, the young companies among other things, expand its 25-person team.
