GenieBelt has built a project management and communications platform that gives construction teams and subcontractors an overview of projects and enables real-time updates via a mobile app and phone camera. The product digitizes workflows that have traditionally relied on pen-and-paper and Excel to improve collaboration, reporting, and the ability to spot delays. The company says it has found market fit and is seeing traction from users and customers globally. GenieBelt intends to use new funding to ramp up marketing for the platform. Klaus Nyengaard, a co-founder and former CEO of Just Eat, is chairperson and remains actively involved; Ulrik Branner serves as CEO. The startup positions itself within the emerging European ConTech sector, aiming to drive productivity improvements across construction projects. GenieBelt provides a mobile collaboration platform that helps construction companies coordinate projects and get all stakeholders involved. The company is led by CEO and cofounder Gari Nickson. GenieBelt is based in Copenhagen and also maintains offices in London and Lodz. It raised €700k in angel funding from backers that included Klaus Nyengaard and Ditlev Bredahl. The company said it intends to use the funds to expand operations globally. At the time of the report, GenieBelt was hiring across different areas.

Total raised

$3M

Funding rounds

2

Latest round

Equity

Latest activity

Sep 2016