Sydney construction startup Sitemate raises $1.3 million

Sitemate, a project management startup focused on the construction industry, has closed a $1.3 million funding round to fuel its next phase of growth, just a month after it rebranded.

Previously named Construction Cloud, the startup was launched out of the University of Sydney’s UTS Startups program in 2015, by civil engineer Hartley Pike and co-founder Sam McDonnell.

It also graduated the Startmate Accelerator program in 2017, before re-branding to Sitemate just last month.

The $1.3 million in funding comes from Artesian and Sydney Angels, as well as from other undisclosed high-net-worth individuals, and is pegged for accelerating Sitemate’s growth further.

The platform is intended to provide shared workflow documents for industrial projects, including financial documents, commercial record-keeping and environmental and safety workflows.

The team has plans to build their marketing and sales teams, as well as investing in product and engineering staff.

As the user base is starting to grow, “infrastructure demands on the back-end system are starting to increase”, Pike says.

Share on TwitterShare on FacebookShare on LinkedInPin it on PinterestSubmit to redditSubmit to StumbleUponShare on Tumblr

Written by admin

Leave a Reply