Participated · Series B · Oct 2024

Document Crunch is a provider of a construction document compliance platform that leverages proprietary AI and machine learning to simplify construction documents. Its software identifies critical risks and provides guidance so teams can make better decisions throughout the entire project lifecycle. Teams are currently using Document Crunch across thousands of projects nationwide. Led by CEO Josh Levy and based in Atlanta, GA, the company plans to use its recent funding to expand operations and accelerate product development. The company raised $21.5M in a Series B to support those growth and development efforts. Document Crunch is an Atlanta-based contract intelligence platform that uses proprietary AI and machine learning to simplify construction contracts. Its software quickly identifies critical risk provisions and provides guidance so project teams can make informed decisions across the project lifecycle. The company focuses on contract compliance and empowering teams responsible for contract execution during construction. Led by CEO Josh Levy, Document Crunch's risk review solution has gained significant traction over recent years. The company plans to use the new funding to grow its team and further develop contract compliance solutions for project teams. Document Crunch is an artificial intelligence platform built for the construction industry to review contracts, specifications, insurance policies and other project documents and surface a curated set of key provisions. Its algorithm, trained by construction-industry experts and created by a team with over 30 years of combined experience in construction law and risk management, provides sample language, insights and rationale. Users can upload documents on a case-by-case basis with no minimums, upfront costs or commitments and receive results within minutes. The company soft launched at the end of 2019 and, per the announcement, is now in a growth stage gaining traction with leading contractors as well as small- and medium-sized construction companies across the country. Co‑Founder and Curator Joshua Levy, Esq. is quoted explaining the product’s ability to surface critical risks and to unlock subject-matter expertise for companies without in‑house legal or risk teams. The platform is positioned to help companies reduce time and cost associated with complex document review using AI.

Participated · Series A · May 2024

SmartPM builds automated project controls software for the construction industry. The company is based in Atlanta, GA. It announced the successful closure of a $5.5 million Series A funding round. The round was led by Building Ventures. GS Futures and existing investor The Nemetschek Group participated in the financing. The announcement was reported by Massinvestor.

Participated · Series A · May 2024

SmartPM Technologies builds an AI-driven schedule controls platform that aggregates real-time data, applies predictive analytics, and surfaces actionable insights for contractors, project managers, and stakeholders. The platform emphasizes minimal training while using AI labeling and machine-learning tools to highlight root causes and scheduling solutions. SmartPM targets large builders, including the ENR 400 audience, to drive operational excellence, risk mitigation, and improved delivery. Management says the company has achieved strong product-market fit and is focused on scaling adoption among top construction firms. The company recently closed a $5.5 million Series A and intends to use the proceeds to enhance its AI-driven platform, expand its team, and increase market penetration. Investors involved include Building Ventures, GS Futures, and existing investor The Nemetschek Group, signaling sector confidence in SmartPM's approach to project controls. SmartPM Technologies is an Atlanta-based real estate technology company that delivers real-time insights into the progress, performance, and financial risk of commercial construction projects. Led by CEO and founder Michael Pink, the company offers a proprietary software and analytical process that analyzes data contained in regularly issued construction project schedules on large commercial projects. Its platform is aimed at real estate developers and construction managers. The company says it will use newly raised capital to continue advancing the technology, hire key employees to increase sales, and manage its customer base. SmartPM raised seed funding to support these priorities.

Participated · Series B · Jan 2024

Briq offers a platform that automates financial workflows for construction firms using generative automation bots, deployed via two products: Briq AutoPilot and Briq CoPilot. The company says it maintains a library of over 200 bots that can automate up to 80% of deterministic tasks such as accounts payable, accounts receivable, and payroll, and that it has automated over a million tasks to date. Briq serves nearly 400 customers and reported about 40% ARR growth in 2023 versus 2022. The company executed a cost-reduction strategy that cut headcount by 45% to 138 employees by the end of 2023. Briq positions its tools to improve forecasting, job cost management, revenue recognition, and risk detection to help contractors avoid overruns and missed change orders. CEO Bassem Hamdy cites competitors including UiPath and Automation Anywhere. The company plans geographic expansion into the Middle East, Asia and parts of non-English Europe, and expects to introduce conversational AI-driven transaction capabilities in 2024. Briq offers a construction-focused financial planning and workflow automation platform designed to reduce time on critical financial processes and improve forecast accuracy. Its product suite includes a Corporate Performance Management (CPM) platform for project- and corporate-level financial modeling and BriqCash, a construction-specific banking platform for invoices and payments. The company has proprietary technology to extract and manipulate financial data without APIs and construction-specific data models for cost and revenue projections. Briq currently manages or forecasts about $30 billion in construction volume, serves 150 customers (general and specialty contractors from $10M to $1B in revenue), and reported ARR growth of 200% from January 2020 to today. Headquartered in Santa Barbara, California, the company has grown to about 100 employees from 35 a year ago. Briq says its longer-term mission is to "manage 80% of the money workflows in construction within 10 years" and has plans to address larger international markets after focusing on North America. Briq provides a comprehensive suite of modern technology for construction companies, including AI-based forecasting, search, and automation to modernize financial management. The platform targets construction companies of all sizes. The company is led by Bassem Hamdy and Ron Goldshmidt. Briq raised growth capital to expand its operations and business reach. The articles describe the product focus on financial forecasting and intelligence for the construction sector. Briq builds construction software that combines a blockchain-based immutable ledger and machine learning to deliver project and market intelligence. Its two main offerings are ProjectIQ, which monitors and manages individual projects and vendor workflows, and MarketIQ, which provides market intelligence on where projects and demand are likely to occur. The platform relies on IBM’s Hyperledger as its blockchain backbone to create an auditable decision ledger that feeds its predictive models. Briq is based in Santa Barbara, Calif., and was formerly called Brickschain; it is led by founder Bassem Hamdy with co-founder Ron Goldschmidt. Operationally the company already has contracts with nearly 12 developers and contractors, including Webcore, Kobayashi, Probuild, Hunter Roberts OEG and Gartner Builders. The company has raised $3 million to fund expansion and aims to tackle what Hamdy estimates is roughly $1 trillion in waste in the construction industry.

Participated · Seed · Jul 2023

Stylib provides a platform for design professionals to search, review and specify architectural materials. Its core technology includes proprietary machine vision that lets designers use inspiration images to find relevant products and a product database with technical filters such as sustainability criteria, fire rating and slip resistance. The platform offers API and widget integrations for customers, a vertical Product Information System (PIM) for suppliers to manage and enrich catalogs using machine learning, and search-insight analytics. Stylib is developing complementary tools such as digital moodboards and personalised material libraries to help designers manage their materials knowledge base. The company works with product suppliers and designer customers to streamline specification journeys by leveraging AI and architecture domain knowledge. It intends to use the £1.5M Pre-Seed funding to accelerate product development and expand its UK operations.