Meridian Ventures’ Post

Construction delays can be costly. Discover how startups like Zoneomics are streamlining key workflows in the pre-development, construction, and post-construction process. 💡 https://buff.ly/47X44c3 #ConstructionInnovation #Proptech #CashFlowManagement #Zoneomics

What happens when two construction business owners team up to help solve the challenges of running a construction business? This is the story behind QS Knowledge. After years of dealing with all the headaches of accomplishing multiple projects and running their respective construction ventures, the founders decided it’s time to turn things around. Thus, QS Knowledge was born. Now, we are here to help you— contractors, subcontractors, and construction business startups, through organised systems that work, empowering you to build better business outcomes. Follow us to learn more about QS Knowledge and how we can help you grow your construction business. - - - - - #constructiontech #quantitysurveyor #contractor #subcontractor #constructiontemplates #qsknowledge #procore #commercialprojects #autodesk

Paris-based Formality raises €8 million to simplify contract management Formality, the platform dedicated to intelligent contract management for clients and suppliers, has announced that it has raised €8 million. This first round was carried out with VC funds Partech and Serena, two major players in supporting high-potential tech startups. The round was completed with €2.4 million in funding from BPI, the Bank of Public Investment. Formality was founded by a team of ‘repeat entrepreneurs’, led by the creators of TVTY, the startup specializing in measuring the impact of TV advertisements, which was successfully sold to Nielson (USA) in 2021. With Formality, the team addresses a source of recurring frustration from their previous company: managing client and supplier contracts. A complex, often tedious task that is crucial to the financial health of a company. Poor management of client contracts costs companies up to 9%* of their revenue, and on average, 60%** of supplier contracts are automatically renewed without any decision making. Formality addresses these challenges with a platform that secures and automates contract management, centralizes key documents, and ensures real-time tracking of deadlines to avoid unwanted renewals and control costs. This solution eliminates risks associated with contract management and saves time for financial and legal teams to focus on the company’s strategic projects. In just a few months, Formality has already won over clients such as Electra, Resilience, and Lifen. With this funding, Formality is planning to strengthen its sales team, accelerate the development of its technology, and prepare its expansion into the American market. The launch in the United States is planned for next year. “We are convinced that Formality is going to transform the way companies manage their contracts, bringing efficiency, security, and simplicity to a process that is still too often complex and manual,” explained Eliot Reilhac, CEO and co-founder of Formality.  “Given our experience with the team when leading TVTY, it quickly seemed natural for us to invest in Formality,” commented Sébastien Le Roy, Partner at Serena. “For us, they are the team best suited to tackle this major priority for companies today: administrative burdens. Their ambition, combined with their ability to attract the best talent, positions them to become a technological champion.” “For many medium sized companies, contract management is not only time consuming and repetitive but can also be costly when poorly managed. Formality addresses a crucial market need, by allowing these companies to focus on their core business,” added Phillippe Collombel, General Partner at Partech. #Startup #US #UK #USA #Investment #Invest #Investing #Investor #Business #Economy #Economic #Europe #management #Market #World #WorldNews #BD #News

Exploring the numerous benefits of outsourcing in construction.   The construction industry is increasingly utilizing outsourcing as a tool. By making use of outside sources, companies benefit from specialized services and knowledge that might not be accessible to them internally. From architectural engineering and venture administration to site reviews and safety oversight, Outsourcing permits organizations to simplify certain elements of an undertaking while still keeping control over its core components. This can lead to lower costs, greater efficiency, better quality assurance, plus more contented customers – all in all! With the right external partner on board, it’s possible for businesses small or large alike gain access resources they would otherwise never have dreamt about having at their disposal; what could this mean for your project? In addition, it means peace of mind knowing that you’re ideally placed with whatever challenge may arise during your next build! #outsourcing #hiring #easy #simple #effortless #competitive #innovation #access #technology #offshoring #reduce #cost #operation #revenue #tasks #double #save #startups #top #talents #Filipino #tailored #services #free #benefits #soar #now #growth #focus #sales #virtualassistant #experts #Philippines #leadgen #construction #engineering #architecture

What we do at Outsetbridge? We help you manage your Greenfield Project- What are stages and how we help? Exploring the Stages of Greenfield Projects Embarking on a greenfield project is an exciting journey, but it's essential to navigate through the stages with precision and foresight. Here's a glimpse into the stages involved in bringing a greenfield project to life: Identification of Site: The first step is to pinpoint the perfect location where the project can flourish. Acquiring the right parcel of land sets the foundation for the entire endeavor. We help you get freehold land on lease or for purchase. If it is a State owned Industrial areas, we help you get the right land and application process involved in it. Approvals: A crucial stage where we navigate through the maze of regulatory requirements. Securing approvals from various government agencies signifies a green light to proceed with the project. Vendor on boarding and Management: With approvals in hand, it's time to bring the vision to life. We help on boarding some of the best vendors for your projects post which we help coordinate with the various vendor agencies at ground and ensure timely completion of the project. Operational Stage: The culmination of meticulous planning and hard work leads us to the operational stage. Here, the project stands as a testament to perseverance and dedication. Each stage is a testament to our commitment to excellence and sustainability. As we navigate through these phases, we pave the way for innovation and progress in every greenfield project we undertake. Let's cultivate new beginnings and foster growth together! 🌿 #GreenfieldProjects #ProjectManagement #Sustainability #Innovation #Progress #gujarat #gidc

A chess match ♟️ and a bible 📖… Have you heard anyone refer to a construction contract that way? Probably not… but… do you agree? Here’s the context: “It’s no accident that the major players in the construction industry are called ‘general contractors’ and ‘sub-contractors’ or ‘trade contractors.’ Ultimately, the contract is the agreement they’re held to, so the contract becomes both a chess match and a bible. Before the contract is signed, it’s where parties can try to shift risk around to optimize their own economics; After signing, it’s the reference the entire project team should be adhering to.” Jenny Song with Navitas Capital, who led our Series A, penned this observation, along with several other construction industry gems and truths, in her Medium piece, “Why We Invested in Document Crunch.” It’s a must-read. You’re a powerful advocate in our journey, Jenny, and we’re grateful to have you and all of our investors and supporters by our side. Read the entire article here: https://lnkd.in/gAqG3i3B #documentcrunch #contech #constructioncontracts #ai #contractchat #chatwithyourcontract #funding #startups #seriesa

🌡️ As summer heats up, so does the contech sector with a notable surge in investments! 🚀 🛠️ Firms innovating in safety platforms and change management are drawing significant venture capital interest. Highlights include: 1) HammerTech – Just secured a whopping $70M from Riverwood Capital to enhance their construction safety software. This Melbourne-based firm is making job sites safer and more efficient across the globe. 2) Adaptive – NYC’s own Adaptive has garnered $19M in Series A funding to push their financial management software tailored for SMEs in construction, enhancing everything from budgeting to electronic payments. 3) Clearstory – Announced a $16M Series B round to refine their software that simplifies change order processes, helping contractors save time and money. 4) Buildots – Tel Aviv’s Buildots received $15M from Intel Capital to advance their AI-driven construction management platform, aiming to slash delays by up to 50%. 5) KC8 Capture Technologies – This Melbourne startup just raised AU$10M to revolutionize carbon capture in construction, significantly reducing greenhouse gas emissions. 6) Cambridge Electric Cement – Innovating sustainable cement, they’ve raised £2.25M to transform steel recycling processes into low-carbon cement production. #startups #contech #aecbusiness https://lnkd.in/dG2J-UPh

VA-based #Deltek #acquired #ProPricer. ProPricer, a Temecula, #California-based supplier of a proposal pricing solution for #government contractors and government agencies. The deal’s total value was not made public. Deltek is #continuing to grow its customer base and product line for the #government contracting sector with this acquisition. Under the leadership of Joe Shurance, the #company’s founder and CEO, ProPricer offers software solutions for government contractors and specialises in pricing analysis and cost #proposal management. ProPricer gives government #contractors the tools they need to increase profitability, enhance compliance, and #streamline pricing procedures. ProPricer #software, which was founded in 1984, optimises the accuracy and efficiency of proposal pricing #formulation, submission, review, negotiation, and auditing. ProPricer is a proposal price #programme designed to generate solutions that optimise accuracy and efficiency in proposal #pricing formulation, submission, review, negotiation, and audit. For more than 30,000 organisations, Deltek #powers project success at every level of the project lifecycle. Deltek ProPricer To share your startup story write us on - contact@startuprise.io #deltek #propricer #acquisition #startup

Handle.com Secures Investments to Transform Construction Payments: In what is said to be a leap toward streamlining construction payments and credit solutions, Handle.com has secured investments from Amex Ventures and Suffolk Technologies, the venture capital entity of Suffolk Construction. This infusion of capital underscores Handle’s growth and its role in the digital overhaul of financial operations within the construction industry, the companies said in a Wednesday (March […] The post Handle.com Secures Investments to Transform Construction Payments appeared first on PYMNTS.com. #opnplatform #b2bpayments #openpackagingnet

Hephaestus’ Wisdom: Unlock the ENR Top 400 Contractors List! Mortals, if you’re in construction tech or VC, here’s a tool straight from the forge—the Engineering News-Record Top 400 Contractors List. This isn’t just a list; it’s your map to the giants shaping the Built World. Why you should care: 1. Spot the Titans: Know the industry leaders. 2. Follow the Money: Track market trends. 3. Target Clients: Find companies ready to innovate. 4. Scout the Competition: Discover new opportunities. No sponsorship here—just some godly advice. Ready to see who’s building the future? 🔍 https://lnkd.in/ePeFrnWf Let’s build something legendary! 🛠️ #ConstructionTech #PropTech #VentureCapital #BuiltWorld #Innovation #ENRList #HephaestusRecommends