{"id":75384,"date":"2021-08-25T15:00:00","date_gmt":"2021-08-25T13:00:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=75384"},"modified":"2021-08-25T11:23:26","modified_gmt":"2021-08-25T09:23:26","slug":"series-b-financing-capmo","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/75384\/series-b-financing-capmo\/","title":{"rendered":"25.5 million euros for Capmo"},"content":{"rendered":"<div class=\"entry-content\">\n<p>Fresh capital for <a href=\"\/en\/48300\/capmo-interview\/\">Capmo<\/a>: The Munich-based startup, founded in 2018, aims to digitize the construction industry with its cloud-based SaaS solution for digital construction execution, has raised approximately \u20ac25.5 million. With the funds from the current financing round, Capmo plans to expand its platform with additional use cases across the entire construction process, expand its team, and enter additional European markets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Continue steep growth path<\/h2>\n\n\n\n<p>Many SMEs in the construction industry currently still rely on paper, analogue processes or outdated isolated solutions for sub-processes. <strong>Florian Biller<\/strong>, co-founder and CEO of Capmo, wants to change exactly that:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;The construction and real estate industry accounts for 10 percent of our gross domestic product, yet is the second least digitalized sector in Europe. We want to change that with Capmo. With this investment, we are able to continue our steep growth trajectory and support the construction and real estate industry as a digital partner. I am delighted that we can improve the everyday working lives of so many people in the industry who have not yet been able to benefit from modern software.&quot;<\/p><\/blockquote>\n\n\n\n<p>With <a href=\"https:\/\/www.bvp.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bessemer Venture Partners<\/a> Capmo can bring an expert in the field of construction tech on board. The team led by partner Brian Feinstein has already led the US decacorn Procore to its IPO in recent years. Bessemer partner comments on Capmo <strong>Brian Feinstein<\/strong>:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;The Capmo team is at the forefront of software solutions for the construction and real estate industry in the DACH region. We are delighted to partner with Capmo on their long-term journey to modernize the construction industry in Europe.&quot;<\/p><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">All-in-one provider for construction project management<\/h2>\n\n\n\n<p>And Florian Biller adds:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;We are proud to have gained a strong partner in Brian Feinstein and Bessemer Venture Partners, who combine expertise in SaaS and construction tech like no other. This now puts us in the best position to expand our role as a leading all-in-one provider for construction project management in other European countries.&quot;<\/p><\/blockquote>\n\n\n\n<p><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Capmo has closed a Series B financing round of approximately \u20ac25.5 million ($30 million). The round is led by US technology investor Bessemer Venture Partners, which also holds investments in companies such as LinkedIn, Shopify, Twilio, and Procore. Existing investors Capnamic Ventures and UVC Partners are also returning.<\/p>","protected":false},"author":24,"featured_media":75393,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[3352,3436,80,52],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Series-B-Finanzierung: 25,5 Millionen Euro f\u00fcr Capmo - Munich Startup<\/title>\n<meta name=\"description\" content=\"Das M\u00fcnchner Startup Capmo schlie\u00dft eine Series-B-Finanzierung \u00fcber rund 25,5 Millionen Euro (30 Millionen US-Dollar) ab.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/75384\/series-b-financing-capmo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Series-B-Finanzierung: 25,5 Millionen Euro f\u00fcr Capmo - 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