Australian construction tech startup, Mastt, raised $2.2m to boost its expansion locally and overseas.
It was a pleasure having advised Mastt on this cap raise as well as working with Artesian and Significant Capital Ventures, who led the round.
According to McKinsey research, VC investment in construction tech outpaced the overall VC industry 15-fold in 2019. From 2014 to 2019, VC investors invested $US25 billion into engineering and construction (E&C) tech.
Mastt provides a SaaS platform that gives real-time overview across construction projects. Mastt clients include the Australian Army, Jacobs Engineering, RPS Group and Aurecon.
Watch this space. I am sure we will hear more from Mastt soon.