PlanRadar, Europe\u2019s leading digital field management platform for construction and real estate projects, announced a 69 million USD fundraising round co-led by Insight Partners and Quadrille Capital. The third-largest Series B in Austrian history and the largest-ever for a B2B company, the round also drew substantial participation from existing investor Cavalry Ventures. Additional participants included returning investors Headline, Berliner Volksbank Ventures, and aws Gr\u00fcnderfonds, along with new investors Proptech1, Russmedia, and GR Capital.<\/p>\n\n\n\n
The new funding will support PlanRadar as it doubles down on international expansion and technological development. New offices are set to open in the United States, Australia, the Gulf Cooperation Council (GCC), Southeast Asia, and Latin America. The company will also boost R&D investment, creating a new tech hub and a dedicated product innovation team to bring sector-defining new technologies to its game-changing SaaS platform. In total, PlanRadar will create over 200 new jobs, nearly doubling its global headcount over the coming 12 months.<\/p>\n\n\n\n
Since launching in Vienna, Austria, in 2013, PlanRadar has swiftly established itself as Europe\u2019s leading PropTech solution, with a full-service construction and real estate management platform known for adding value at every stage of the building lifecycle. In the 18 months since its $34 million Series A round, PlanRadar has seen revenue increase by over 250% and has more than doubled its customer base. Its innovative solution is now trusted by 14,500 customers and used daily by 100,000 industry professionals in over 60 countries to drive project efficiencies and ensure high quality completion.<\/p>\n\n\n\n
PlanRadar\u2019s rapid growth has been enabled by a commitment to global expansion, including launching in 10 new markets across Europe and Russia since 2020. The company\u2019s diverse team of 200+ employees serves customers in over 20 languages from offices in Vienna, London, Amsterdam, Moscow, Paris, Madrid, Milan, Zagreb, Warsaw, and Bucharest. The company\u2019s growing footprint also reflects a commitment to innovating its core platform, including the recent addition of reporting, integrations, and BIM technologies.<\/p>\n\n\n\n
\u201cWe\u2019re on a mission to make construction and building operations easier to manage, and we\u2019ve proven there\u2019s a huge global appetite for our technology,\u201d said Ibrahim Imam, PlanRadar Co-Founder and Co-CEO. \u201cWe are so proud of everything our team has achieved, and we\u2019re grateful for our investors\u2019 support as we add value for customers across new markets and industries.\u201d<\/p>\n\n\n\n
\u201cBy growing PlanRadar into the world\u2019s leading PropTech platform, we\u2019re transforming an industry that has historically been reluctant to go digital,\u201d said Sander van de Rijdt, PlanRadar Co-Founder and Co-CEO. \u201cWe\u2019re showing that if you give customers an intuitive platform that makes their jobs easier, and combine it with gold-standard support services, then they are eager to embrace cutting-edge solutions. It really is as simple as that.\u201d<\/p>\n\n\n\n
\u201cThe sustainable growth that PlanRadar has achieved is a testament to their hard work and dedication. We immediately saw PlanRadar\u2019s potential, and the team has continued to impress us with their commitment to customer, revenue, and talent growth,\u201d said Thomas Krane, Managing Director at Insight Partners. \u201cThe PropTech sector is poised for enormous growth, and PlanRadar is bringing the global construction and real estate industry into the digital future.\u201d<\/p>\n\n\n\n
\u201cThe PlanRadar team identified an unmet need when they launched in 2013, and they\u2019ve leveraged their unparalleled customer understanding and insights to become true industry leaders,\u201d said Brice Delome, Partner at Quadrille Capital. \u201cWe are thrilled to continue to fuel the fast-paced growth of PlanRadar and to join a strong investor syndicate. We have been extremely impressed by the technology, the team and how the firm\u2019s approach is helping digitize Construction and Real Estate. We now look forward to supporting the ongoing global expansion of the company.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
PlanRadar, Europe\u2019s leading digital field management platform for construction and real estate projects, announced a 69 million USD fundraising round co-led by Insight Partners and Quadrille Capital. The third-largest Series B in Austrian history and the largest-ever for a B2B […]<\/p>\n","protected":false},"author":3,"featured_media":6528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[19,6],"tags":[],"_links":{"self":[{"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/posts\/6525"}],"collection":[{"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6525"}],"version-history":[{"count":1,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/posts\/6525\/revisions"}],"predecessor-version":[{"id":6529,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/posts\/6525\/revisions\/6529"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/media\/6528"}],"wp:attachment":[{"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}