German startup Alasco, which offers a SaaS platform for financial controlling of construction projects, has raised an “investment in the millions” of euros from HV Holtzbrinck Ventures, angel investors, and the startup’s own founders. The company plans to use the money to further grow the team.

“A large portion of the software currently being used stems from the 2000s, so here we can move forward strongly through new processes and technologies,” said Alasco co-founder Sebastian Schuon.

Alasco’s platform automates a few procedures in the construction industry that used to be handled manually. It also provides an overview of a project’s financial data across all construction phases. The platform is already being used in several projects, including the expansion of the Ullsteinhaus in Berlin.

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