Cyprus-based management software for construction start-up buildbuild, has raised a has raised $1.25 million Seed round after securing investment from Luxembourg-based company Lvl Group SARL.
The funds will be ploughed into product development, marketing, and growing the platform which delivers a construction management software solution for SMBs - from projects as small as an apartment repair to larger scale residential and commercial contracts.
“When I studied architecture at the university, I was inspired by the tech entrepreneurs who were changing the world. I began to think about things I could do to make the process of home construction better,” says Marko Mihić Jeftić, CEO of buildbuild, who founded the company in 2021.
“In the process of studying construction, I saw one of the sector’s main problems on full display: we are talking about organising actual work at the construction site. It hasn’t changed much since the Egyptians built their pyramids and remains ineffective. I decided to change this situation by giving each participant in the construction process a convenient instrument with equitable access to information so that everyone knows clearly what must be done. Even as we were testing buildbuild on the first clients, we saw the quality of construction grow fivefold, and, most importantly for me, the workers’ wages had also grown,” he says.