# Building Radar

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/building-radar

- Industry: Software
- Headquarters: Munich, Germany
- Website: https://buildingradar.com
- Total disclosed funding: $19M
- Latest round: Series A (Apr 7, 2021)
- Investors on record: 11

## About

Building Radar GmbH specializes in providing advanced artificial intelligence solutions for the construction industry, enabling firms to identify and secure high-value projects globally through data-driven insights.Founded in 2015, Building Radar GmbH operates from Munich, Germany, focusing on innovative solutions for construction project acquisition. The company has secured funding across six deals, with the most recent on April 25, 2024, raising EUR 6.5 million led by Socii Capital. Founders Leopold Neuerburg and Paul Indinger bring valuable experience to the venture, enhancing its capabilities in the market.Building Radar offers a comprehensive Revenue Engineering solution targeting the construction industry, designed to identify and secure high-value construction projects across over 100 countries. Their core product leverages advanced data analytics and technology to help construction companies systematically win high-margin projects by providing insights into market trends and opportunities. The service includes personalized strategy workshops, coaching for sales teams, and ongoing support tailored to individual business needs, aimed at improving sales processes and enhancing market competitiveness. The end users primarily include construction firms seeking to refine their project acquisition strategies and boost sales effectiveness, catering to clients ranging from small contractors to large construction enterprises.Building Radar’s revenue model is structured around B2B transactions involving subscriptions and partnerships with construction firms. Clients engage with the company's services through a tiered subscription model, granting access to various features and levels of support based on specific needs. Transactions typically include initial strategy meetings followed by ongoing consultations, which are integral to implementing the Revenue Engineering solution. This structured engagement fosters measurable sales improvements for clients, establishing a direct correlation between services provided and value delivered, while specific pricing details remain undisclosed.In April 2024, Building Radar GmbH raised EUR 6.5 million in venture funding led by Socii Capital, with participation from other investors such as CITO GmbH, VITO One GmbH, and Picus Capital GmbH. The company plans to utilize this funding to enhance its software technology platform. Future initiatives include the development of new software products aimed at expanding its reach into international markets, specifically targeting greater penetration in Europe and North America over the next two years.

## Funding rounds

- Series A, Apr 7, 2021, $14M — BayBG, Astutia, Picus Capital, Vito One, PT1, FO Holding, Apic Investments, CITO
- Series A, Sep 26, 2019, $5.5M — Astutia, Coparion, Picus Capital, Vito One, PT1, Signa Innovations, FO Holding
- Seed, Feb 1, 2016 — Vito One
- Seed, May 1, 2015 — The Viessmann Group, Vito One

## Investors

- The Viessmann Group — Seed
- Vito One (https://capitalatlas.ai/funds/vito-one) — Seed, Series A
- Astutia (https://capitalatlas.ai/funds/astutia) — Series A
- Coparion (https://capitalatlas.ai/funds/coparion) — Series A
- Picus Capital (https://capitalatlas.ai/funds/picus-capital) — Series A
- PT1 — Series A
- Signa Innovations — Series A
- FO Holding — Series A
- BayBG (https://capitalatlas.ai/funds/baybg) — Series A
- Apic Investments — Series A
- CITO (https://capitalatlas.ai/funds/cito) — Series A