Matrak offers connected materials tracking software for global construction supply chains, streamlining and de-risking operations for manufacturers, suppliers, and builders. Its platform has been adopted by over 280 clients across 400 construction projects worldwide, including Queen’s Wharf and Melbourne’s 65-storey Aspire tower. Founded in 2018 by Shane and Brett Hodgkins and based in Melbourne, the company has expanded its presence into Southeast Asia, China, the UK, Canada, and the US. Matrak recently opened an office in Suzhou, China. The company will use the $2.9M Series A to support expansion and product development, with an emphasis on penetrating the Chinese market. Matrak is a construction technology startup. The company has banked $5.85 million in fresh funding. Investors named in the article are Leigh Jasper, co-founder of cloud software firm Aconex, and venture capital fund Rampersand. The fundraising was framed around a "huge opportunity" in construction tech. The article does not provide details on Matrak's core product, business model, future plans, revenue, users, or other operating metrics. Matrak builds a construction workflow management platform to give companies better visibility over projects, track deliveries of materials and improve communication between manufacturers, suppliers and installers. The product is positioned to streamline collaboration across different parties on construction sites. The company is led by co-founders and brothers Shane and Brett Hodgkins. Matrak recently completed a seed fundraise, signaling early investor interest in its offering. The round was significantly oversubscribed versus the founders' initial $450,000 target, providing additional runway for growth and product development.

Total raised

$10M

Funding rounds

3

Latest round

Series A

Latest activity

Apr 2024