# BuildPass

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/buildpass-pty

- Industry: Software
- Headquarters: Melbourne, Australia
- Website: www.buildpass.ai/
- Total disclosed funding: $7.5M
- Latest round: Seed (Oct 24, 2024)
- Investors on record: 6

## About

Based in Melbourne, Australia, and founded in 2021 by co-founders Matt Perrott (CEO) and Aaron Vanston, BuildPass Pty Ltd operates as a provider of construction management platform that offers AI-powered tools for site management to construction professionals and subcontractors. In October 2024, BuildPass Pty Ltd raised USD 7.5 million in seed funding led by Carthona Capital, with participation from Horizon VC, Massive Tech Ventures Management, Preston-Werner Ventures, Recursive Ventures, and Saniel Ventures.

The company offers AI-powered construction management software intended to streamline operations and reduce administrative tasks for construction professionals. The core product includes a suite of digital tools that facilitate site management, safety compliance, quality assurance, and asset management, allowing users to update checklists, manage site inspections, document defects, and summarize site diaries with ease. By replacing traditional paper-based processes with digital solutions, BuildPass addresses common pain points in the construction industry, such as inefficient communication and cumbersome record-keeping. The software caters to a diverse client base, including head contractors, builders, project managers, and consultants, serving both small residential builders and large commercial enterprises. BuildPass operates primarily in the Australian market, but its solutions are applicable to international construction sectors seeking to enhance operational efficiency.

The company generates its revenue from subscriptions to its platform packages, which include the Lite plan at AUD 219 per month (AUD 2,102 per year), the Standard plan at AUD 549 per month (AUD 5,270 per year), and the Pro plan at AUD 1,099 per month (AUD 10,550 per year). Additionally, the company offers an enterprise solution with customized pricing.

In October 2024, BuildPass Pty Ltd raised USD 7.5 million in seed funding, which will be utilized to support the development of its product. The company is focused on enhancing its existing offerings and expanding into new markets, aiming to reach international construction sectors outside of Australia by late 2025.

## Funding rounds

- Seed, Oct 24, 2024, $7.5M — Carthona Capital, Preston-Werner Ventures, Saniel Ventures, Recursive Ventures, Horizon VC, Massive Tech Ventures Management

## Investors

- Carthona Capital (https://capitalatlas.ai/funds/carthona-capital) — Seed
- Preston-Werner Ventures (https://capitalatlas.ai/funds/preston-werner-ventures) — Seed
- Saniel Ventures (https://capitalatlas.ai/funds/saniel-ventures) — Seed
- Recursive Ventures (https://capitalatlas.ai/funds/recursive-ventures) — Seed
- Horizon VC (https://capitalatlas.ai/funds/horizon-vc) — Seed
- Massive Tech Ventures Management (https://capitalatlas.ai/funds/massive-tech-ventures-management) — Seed