# ClearCalcs

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

- Industry: Software
- Headquarters: Australia
- Website: www.clearcalcs.com
- Total disclosed funding: $1.6M
- Latest round: Seed (Nov 19, 2021)
- Investors on record: 2

## About

ClearCalcs Pty Ltd is an innovative technology firm focused on providing a comprehensive platform for structural engineering calculations, enhancing design accuracy and workflow efficiency for professionals in the construction industry.Founded in 2016 in Australia, ClearCalcs Pty Ltd creates advanced tools for structural engineering calculations. The company was established by Chris Borzillo and Steven Robinson. Its latest funding round, which raised AUD 2.5 million on August 24, 2022, was led by EVP and Shearwater Capital, with participation from returning investor Blac Enterprises Pty Ltd. Total amount raised to date is AUD 2.5 million, leading to a current valuation of AUD 11.257 million.ClearCalcs offers an all-in-one platform designed to streamline structural engineering calculations, enhancing accuracy and efficiency in the design workflow. The core product suite includes ready-to-use structural calculation tools for various materials such as wood, steel, cold-formed steel, and concrete, tailored to comply with multiple building codes across the United States, Australia, Europe, Canada, and New Zealand. The platform features a user-friendly interface that allows engineers to conduct complex calculations more intuitively and with less reliance on traditional spreadsheet methods. ClearCalcs serves a diverse customer base that includes structural engineers, architecture firms, building materials manufacturers, and engineering teams, facilitating a collaborative environment that reduces the risk of miscalculations and enhances project scalability.ClearCalcs operates primarily on a subscription-based revenue model, providing various pricing plans that cater to different client needs and project scopes. The transaction structure typically involves direct-to-business sales, as clients subscribe to access the platform's suite of tools and resources. Clients engage in annual or monthly billing cycles, ensuring ongoing access to the platform's features, including its extensive library of calculators and custom solution capabilities. The company’s flagship offerings, which revolve around simplifying structural calculations and enhancing compliance workflows, form the foundation of its financial transactions, contributing to its revenue generation by meeting the essential needs of its engineering clientele.In August 2022, ClearCalcs Pty Ltd raised AUD 2.5 million in venture funding to support its strategy for international expansion. The company plans to develop new products that enhance the existing platform and broaden its market reach, targeting regions with emerging construction industries. The recent funding will be utilized to grow and expand internationally, ensuring that ClearCalcs can increase its footprint in new geographic markets.

## Funding rounds

- Seed, Nov 19, 2021, $1.6M — EVP, Shearwater Capital

## Investors

- EVP (https://capitalatlas.ai/funds/evp) — Seed
- Shearwater Capital — Seed