SymTerra closes $1.7m seed round led by Samaipata to expand its construction communication platform
The London-based startup secured backing from Samaipata, Nemetschek, Pi Labs and Accel to grow its team and platform.
≈ £1.4M at $1 = £0.8367 on 5 Jul 2022
SymTerra provides a communication platform for the construction project supply chain, helping teams streamline data flow and eliminate site uncertainty.
London-based SymTerra has secured $1.7m in a seed round led by Samaipata, with backing from Nemetschek, Pi Labs and Accel. The funding will enable the company to triple its headcount to 25 employees by the end of the year, introduce a freemium subscription model and broaden the platform capability.
The business provides a mobile-first communication tool designed to tackle miscommunication and delays across construction sites. Since launching, the platform has gained traction with high-profile clients and joined Pi Labs' 2022 Growth Programme.
From the founder
"This funding, with the clear support of a great investor base, allows us to grow our team, launch our freemium subscription and expand the platform. Our vision is to become the industry standard for construction site communication."
Sarah Crawley
Co-founder at SymTerra
Investor perspective
"We are thrilled to be leading SymTerra’s Seed round on their mission to become the site communication pipeline for construction with real-time information sharing. We believe Sarah and John, with their wealth of experience in construction project management, have the perfect combination of drive, skills and experience to tackle this huge industry."
Jose del Barrio
General Partner, Samaipata
Use of funds
- 01Grow the team
- 02Continue product development
- 03Expand into international markets
