{"id":72921,"date":"2020-03-09T10:22:28","date_gmt":"2020-03-09T10:22:28","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=72921"},"modified":"2020-03-09T10:22:28","modified_gmt":"2020-03-09T10:22:28","slug":"digital-transformation-in-construction","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/digital-construction-news\/bim-news\/digital-transformation-in-construction\/72921\/","title":{"rendered":"\u20ac30m investment to boost digital transformation in construction"},"content":{"rendered":"

PropTech SaaS solution provider, PlanRadar<\/a>, has secured \u20ac30m in Series A funding to boost digital transformation in construction and real estate<\/h2>\n

The digital transformation in construction investment has the potential to fuel further global savings and promises to help scale the model worldwide.<\/p>\n

This capital is earmarked for strategic expansion into nine new territories worldwide and deepening its foothold into its already-established markets.<\/p>\n

Insight Partners<\/a> led the investment round, with e.ventures<\/a> and existing investors Cavalry Ventures<\/a>, Berliner Volksbank Ventures<\/a> and aws Gr\u00fcnderfonds<\/a> also participating.<\/p>\n

A digital future<\/h3>\n

Thomas Krane, principal at Insight Partners, said:\u00a0\u201cAs the world of construction and property management undergoes a fundamental shift toward a digital future<\/a>, PlanRadar has become a trusted partner in the industry, enabling their customers to build better buildings and ensure infrastructure works are on time and on budget.<\/p>\n

\u201cOur investment underscores the confidence we have in PlanRadar\u2019s category-leading technology, and we look forward to supporting them as they scale up and continue their global expansion.\u201d<\/p>\n

Sander van de Rijdt, co-CEO and co-founder of PlanRadar, commented: \u201cWe\u2019ve dedicated our work to digitising an industry<\/a> that remains overly reliant on pen and paper. 70% of our users\u2019 report moving to PlanRadar from offline data collection.<\/p>\n

\u201cThe sector has always suffered a reluctance to modernise on-the-ground communication, so an investment like this from such renowned investors is an indication of real belief in what we\u2019ve created with PlanRadar.\u201d<\/p>\n

He continued: \u201cIt\u2019s never easy to transform a sector, but with this boost of confidence and significant investment, we can continue our mission to transform the industry on a global scale.<\/p>\n

\u201cWe appreciate the support and operational expertise of Insight Partners\u2019 Onsite team and all our investors as we enter the next phase of PlanRadar\u2019s journey.\u201d<\/p>\n

Technological innovation and growth<\/h3>\n

Ibrahim Imam, co-CEO and co-founder of PlanRadar, said: \u201cLast year was fantastic for the PlanRadar team across borders, and with this new capital we are eager to take this success even further.<\/p>\n

\u201cYou can expect to see further technological innovation and growth, increased savings for customers on a global scale, and a real shift in the way construction and real estate looks at handheld technology.<\/p>\n

\u201cOur technology transcends language and age barriers on our construction and real estate sites \u2013 two of the biggest barriers \u2013 so the potential for adoption is huge.\u201d<\/p>\n

Stefan Walter, managing oartner of Cavalry, added: “The digitalisation of the construction industry<\/a> has gained enormous momentum in recent years.<\/p>\n

\u201cAs a pioneer in the German-speaking markets, PlanRadar is ideally positioned to meet the high demand of international clients”.<\/p>\n

PlanRadar plans to grow by 8,000 new customers in 2020.<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

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