Building Radar funding news – Germany-based Building Radar Secures $7.2Million in Funding

The construction industry, despite being among the world's largest, lacks dedicated IT infrastructure and heavily relies on traditional sales methods. Building Radar stands out by leveraging AI to empower sales professionals in identifying top leads, offering actionable insights, and personalized outreach strategies.

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The UK might experience a surge in construction activity in the near future. The newly empowered Labour government is considering reclassifying parts of the protected 'green belt' as 'grey belt' to make land available for developing new housing. This initiative aligns with the government's target of building 1.5 million new homes in the next five years.

Paul Indinger, co-founder and Managing Director at Building Radar, says, “The construction industry is undergoing a significant change due to megatrends like sustainability requirements, digital planning tools, pre-constructing, and many more. This fundamentally changes the way products and services are allocated to construction projects. Our partnership with Socii brings us closer to realizing our vision of matching every construction project globally with the best solutions.”

The platform's revenue engineering capabilities have already supported over 150 companies in the construction industry, including Schindler, Holcim, and Eiffage. Their impact has led to increased sales conversion rates and generated a remarkable $2.6 billion in sales pipelines.

Leopold Neuerburg, co-founder and Managing Director at Building Radar added, “We plan to highly invest in the team’s AI capabilities to accelerate our journey to becoming the go-to platform for sales teams in the construction industry, helping them grow revenue, win rates, and margins across all of their revenue channels. Our goal is to provide our customers with the tools they need to maximize their sales pipeline visibility and success, ultimately driving €100 billion in revenue for our customers by 2030“.

Yuan Chen, co-founding Partner at Socii Capital, says: “At Socii, our mission is to back entrepreneurs transforming workflow through automation in large industries like construction. This, via our thematic research, led us to Building Radar. As we engaged with their team and further explored their product and operations, we were increasingly impressed by their ever-enhancing value proposition, exceptional leadership, and significant growth potential. We are thrilled to partner with Building Radar, contributing our capital and time to help build the landmark software platform in the AI era for the construction sector.”

About Building Radar

Building Radar empowers sales teams in the industry and construction sectors to unlock untapped revenue streams. Many companies in these industries are not maximizing their revenue potential and rely heavily on reactive sales strategies. By leveraging proactive solutions, sales teams can uncover new opportunities and drive growth.