Buildtech Ventures

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Ontraccr secures $1.2 million for construction management software

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Ontraccr, LAB Ventures, Buildtech Ventures

Vancouver-based Ontraccr Technologies has closed $1.2 million CAD in seed funding for its construction management software.

Ontraccr said the all-equity round, which closed last December, included strategic investments from construction and proptech venture capital firms LAB Ventures and Buildtech Ventures, as well as from undisclosed industry executives. The funding will be used to improve Ontraccr’s platform and expand into more industry segments and the United States (US).

Founded in 2019 by CEO Syed Ahmed, CTO Shane McNamara, and COO Jas Nijjar, Ontraccr’s platform is meant to be an all-in-one, no-code solution for construction companies. It provides tools for project management, billing, time tracking, operations, analytics, and more for use across computers, phones, and tablets. Ahmed told BetaKit that Ontraccr has raised $1.8 million to date.

Read more at BetaKit