We are excited to congratulate BuildUp, one of our portfolio companies, as it announces its recent $7M Series A raise for expanding its engineering, marketing, and sales teams. The company’s full announcement can be found here.
BuildUp is revolutionizing the construction industry, a space new to recent technological disruption. The company provides construction firms working on large-scale projects with a collaboration platform that connects all relevant stakeholders including developers, general contractors, subcontractors, and property managers. BuildUp has offices in Palo Alto, California, and Tel Aviv, Israel.
The $7M round was led by TLV Partners, with other investors including UpWest Labs, 01 Ventures, Abstract Ventures, and Check founders Guy Goldstein and Ahikam Kaufman. The round will be used for hiring and new product buildout. Eitan Bek, Managing Partner at TLV Partners, will join BuildUp’s board of directors.
UpWest was BuildUp’s first investor in 2015, when the team was just co-founders Oren and Yael completing a pilot in Tel Aviv. The team has since grown to have offices in the US and Israel, and will continue to grow with this latest financing round. We couldn’t be happier for BuildUp, and we are excited to watch as they continue to expand.