# IngeniousIO

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ingeniousio

- Industry: Software
- Headquarters: St. Charles, US
- Website: www.ingenious.build/
- Total disclosed funding: $16M
- Latest round: Series A (Oct 25, 2023)
- Investors on record: 7

## About

IngeniousIO, Inc. is a US-based company that develops advanced construction management software, enhancing collaboration and efficiency in construction projects across diverse stakeholders and geographical regions.Founded in 2015 in St. Charles, US, IngeniousIO, Inc. specializes in construction management software. The company has successfully raised USD 16.00 mn in Series A funding on October 25, 2023, attracting investors such as American Family Ventures and Crow Holdings Capital. Nick Carter serves as both CEO and Founder of the company, which has completed a total of 2 deals to date and currently holds a valuation of USD 67.30 mn.INGENIOUS.BUILD specializes in advanced construction management software designed to streamline development and construction projects through enhanced collaboration among stakeholders. The core product offerings include three integrated modules focused on Project Financials (PF), Project Management (PM), and Construction Administration (CA), which collectively aim to optimize workflows, improve communication, and reduce manual administrative tasks. These solutions facilitate real-time data sharing, enabling users to manage financials, project schedules, and documentation effectively throughout the construction lifecycle. The software is targeted toward a diverse clientele, including owners, developers, general contractors, specialty trades, architects, and engineers across various geographical markets, including North America, Europe, and Asia-Pacific. By leveraging modern technology, INGENIOUS.BUILD addresses pain points such as inefficiencies in managing project costs, delays in communication, and the burdens of traditional administrative processes.The revenue model of INGENIOUS.BUILD is primarily based on subscription services, where clients pay for access to its suite of project management tools tailored to the construction industry. Customers typically enter into subscription agreements that allow for varying levels of access to the three main software modules, with pricing structures designed to accommodate different organizational sizes and needs. The transactions are conducted directly between INGENIOUS.BUILD and its clients, ensuring that users benefit from ongoing software updates and customer support. Clients are charged based on the specific features utilized, and the company’s offerings are supported by comprehensive service agreements that include onboarding, training, and customer support. This structured approach not only fosters customer retention but also enhances user engagement with the platform, thereby driving revenue growth from existing client relationships.In October 2023, IngeniousIO, Inc. raised USD 15.99 mn in Series A funding, co-led by Morpheus Ventures and Navitas Capital, with participation from JLL Spark and Crow Holdings. The company will use the funding to develop its product features, broaden market reach, and improve client support infrastructure. Upcoming products are currently in development, aiming for a targeted launch within the next year, as the company expands its services into new geographical regions, including additional markets across Europe and Asia-Pacific by 2025.

## Funding rounds

- Series A, Oct 25, 2023, $16M — Navitas Capital, American Family Ventures, Morpheus Ventures, JLL Spark, Koch Investments Group, Crow Holdings Capital, Cushman & Wakefield RED

## Investors

- Navitas Capital — Series A
- American Family Ventures (https://capitalatlas.ai/funds/american-family-ventures) — Series A
- Morpheus Ventures (https://capitalatlas.ai/funds/morpheus-ventures) — Series A
- JLL Spark (https://capitalatlas.ai/funds/jll-spark) — Series A
- Koch Investments Group — Series A
- Crow Holdings Capital — Series A
- Cushman & Wakefield RED — Series A