LEADING CONSTRUCTION APP FINALCAD SECURES $20 MILLION SERIES B LED BY SERENA CAPITAL, CAPHORN INVEST AND ASTER CAPITAL

PARIS & SINGAPORE, Sept 26 (Bernama-BUSINESS WIRE) -- FINALCAD, a global leader in mobile construction apps and predictive analytics for the field, today announced that it has raised $20 million in Series B round led by Serena Capital, Caphorn Invest and Aster Capital. Investment will fuel international business growth, expansion into new sectors and advanced research and development.

 

The construction industry, currently a $9.5 trillion market expected to nearly double by 2030*, is among the least digitized industries**. “In five years, FINALCAD has responded to tremendous demand for mobile apps for the field, in Europe, Asia and Americas.” said Jimmy Louchart, co-founder and CEO of FINALCAD. “With this new round of funding, FINALCAD is poised to scale for this growing demand happening within a growing global market.”

FINALCAD is planning to use the funding for international business development, as well as expanding new sectors such as civil infrastructures and energy. New funding will also fuel research and development for furthering advanced fields : smart data analytics, artificial intelligence for objects recognition, augmented reality linked to BIM models, digitization of lean construction processes, and open API interoperability.

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