Capmo successfully closes a €5 million Series A financing round. In addition to existing investors UVC Partners and HW Capital, the VC Capnamic Ventures, which specializes in B2B SaaS, is investing in the Munich-based startup. Well-known founders and business angels from the CDTM environment are also joining the investor base as part of the round.
The construction industry remains one of the less digitalized sectors. Capmo wants to change this with its cloud-based SaaS solution for digital construction execution. Investors also seem to see potential in the Munich-based startup: the young company raised a total of €5 million in Series A financing.
With this investment, Capmo aims to further develop the cloud-based software into a comprehensive construction site operating system and gain access to the European market. Florian Biller, CEO and co-founder of Capmo, says:
"With this funding, we can take the decisive steps to further expand the product and the team. There's still a lot to do before every construction site in Europe is operating efficiently and data-driven."
Construction industry needs intuitive overall solution
While other construction software providers focus on complex, all-round desktop solutions, Capmo is developing a cloud-based operating system that combines the advantages of modern software with a broad range of features. Biller continues:
"What good is software that can do everything but can't be operated by anyone? We believe the industry needs an intuitive, comprehensive solution that simplifies every step on the construction site and brings joy back to people in the construction industry. That's why we're building Capmo, the intuitive operating system for construction sites in Europe."
The fact that Capmo isn't developing its software without considering the industry is demonstrated by the fact that it has already acquired well-known customers such as Max Bögl and Düsseldorf Airport. This is also appreciated by investors such as Capnamic Ventures partner. Christian Siegele:
"The positive market response, Capmo's global scalability, and the highly motivated founding team make the company unique. We look forward to supporting the founding team on its rapid growth path."
“The solution developed by Capmo is long overdue”
And Ingo Potthof from UVC Partners added:
"The construction industry is a crucial economic factor in every country, yet less digital and efficient than other sectors. A customer-focused, holistic solution like the one Capmo is developing is long overdue in the construction industry. It has the potential to implement projects in the construction industry in a plannable, cost-effective, and high-quality manner."
