UK-based communications platform for the construction project supply chain SymTerra has closed its first seed round at $1.7 million. The investment was led by Samaipata with participation from Nemetschek, Pi Labs and Accel.
Over 30% of construction costs are directly related to re-work and delays owing to miscommunication on site. This contributes to the sector’s $280-billion re-work issue.
Founded in 2021, the ‘Slack for construction’ platform is designed to eliminate construction uncertainty through its communication, collaboration, and visibility tool.
Co-founder Sarah Crawley said: “We are seeking to eliminate one of the industry’s most costly issues - in construction, what you don’t know really can hurt you. We’re improving site communication where it matters most - at source and across multiple stakeholders in the project supply chain. This funding allows us to grow our team, launch our freemium subscription and expand the platform. Our vision is to become the industry standard for construction site communication.”