Kraaft funding news – Kraaft Secures €13 Million in Series A Round Funding

Kraaft helps connect field and office operations on construction projects. It offers AI-driven tools for project management, including planning, photo geolocation, and safety checks.

The construction sector is behind in adopting digital tools, with companies spending just 1 to 2 percent of their revenue on IT, compared to the 3 to 5 percent spent by other industries.

Thomas Reygagne, co-founder and CEO at Kraaft said, “We are thrilled to partner with Dawn Capital, Brick & Mortar, and our previous investors who share our vision of empowering frontline construction workers through our easy-to-use, fun, and productivity-enhancing app, Our rapid growth demonstrates the appetite for a platform that bridges the gap between field and office. With this funding, we’re set to redefine how construction teams collaborate globally. Construction has been left behind by tech innovation for too long, and we are here to simultaneously improve working lives and transform productivity in the sector.”

Kraaft raised €3.2 million in a Seed round in 2023 and has since grown its user base from 1,000 to 3,000. The platform is now available in five languages: English, Spanish, German, Italian, and French, as part of its expansion.

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In 2024, Kraaft signed major agreements with top European construction companies like SAUR, NGE, SPIE CityNetworks, Ramery, Serfim, Sade, and Gagneraud. The app also offers a free plan for small businesses and will add new features, such as planning tools and timesheets.

Marc Nègre, co-founder and CPO at Kraaft said, “Messaging is eating the world, and we’ve shown that a simple, intuitive tool like Kraaft can deliver amazing results in an industry that’s been slow to go digital, Whenever foremen praise the app as the easiest to use on the App Store, our team is delighted. We’re incredibly excited for what this next stage of growth means for our users.”

Norman Fiore, co-founder and General Partner at Dawn Capital said, "Despite giant machines and space age materials, construction is powered by people. Many of them. In fact one in every ten humans works in construction, So success in construction means success in making working lives easier. And we believe Thomas, Marc and Cédric have built the right, powerful solution, which is seamless to adopt and loved by workers and managers alike.”

About Kraaft

Launched in 2020 by Marc Nègre (CPO), Cédric Boidin (CTO) and Thomas Reygagne (CEO), Kraaft is a "super-messaging" application dedicated to tracking job site.

As easy to use as WhatsApp, it enables construction industry players to streamline their communication on job site , and offers 3 major differences from a simple messaging application: geolocation of photos, management of plans, and creation of personalized reports. Selected by VINCI as part of the Léonard program, Kraaft now works for 300 companies, from very small businesses to major corporations, and has almost 10,000 users. "