# Offsight

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.offsight.com
- Total disclosed funding: $6.4M
- Latest round: Seed (Mar 31, 2021)
- Investors on record: 9

## About

Offsight Inc. is a project management platform tailored for offsite construction, modular, and prefab industries, enhancing project efficiency through advanced scheduling tools and material cost management.Founded in 2020, Offsight Inc. is based in San Francisco, US. The company specializes in project management for offsite construction, focusing on optimizing labor and material costs. The founders, Everett Thompson and Vikas Murali, have leveraged their expertise to establish a platform that supports contractors and developers in streamlining their construction processes. Offsight has completed a total of 3 deals, with the most recent deal occurring on March 31, 2021. The company raised USD 6.4 mn in Seed funding from investors including Alumni Ventures Group, ESO Fund, Gaingels, Garuda Ventures, Hustle Fund, Noveus Capital, Plug and Play Ventures, and The MBA Fund.Offsight provides a comprehensive project management platform specifically designed for the offsite construction, modular, and prefab industries. Their core product offerings include advanced scheduling tools that enable users to actively manage prefab schedules, optimize labor, and accurately plan for prefab activities. The technology focuses on material cost management and aims to enhance the efficiency and quality of offsite construction projects. Offsight targets various sectors within the construction industry, serving clients such as contractors, manufacturers, and developers who prioritize speed, cost-effectiveness, and quality in building processes. The platform is marketed primarily within the United States but may also extend to other regions where offsite construction practices are gaining traction.Offsight's revenue model is based on a subscription structure, allowing clients to access its project management platform through various pricing tiers tailored to different needs. This model typically includes partnerships with industry stakeholders, facilitating a direct-to-business (B2B) approach. Clients subscribe based on the scale of their operations or specific features required, which could include flagship services for enhanced project tracking and management. The transaction structure allows for seamless integration with existing workflows in the offsite construction sector, driving consistent revenue through ongoing subscriptions and potentially tiered service offerings.Following the Seed funding round completed in March 2021, Offsight Inc. plans to utilize the USD 6.4 mn raised to enhance its platform with upcoming product features aimed at improving project tracking and management functionalities. There are intentions to expand into new geographic markets, particularly targeting regions in North America where offsite construction is increasingly adopted. The company is committed to leveraging its recent funding to accelerate product development and broaden its market reach.

## Funding rounds

- Seed, Mar 31, 2021, $6.4M — Plug and Play, ESO Fund, Alumni Ventures Group, Gaingels, Hustle Fund, The MBA Fund, Garuda Ventures, Noveus Capital
- Seed, Jun 16, 2020 — 10X Capital

## Investors

- 10X Capital (https://capitalatlas.ai/funds/10x-capital) — Seed
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- ESO Fund — Seed
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Seed
- Hustle Fund (https://capitalatlas.ai/funds/hustle-fund) — Seed
- The MBA Fund (https://capitalatlas.ai/funds/the-mba-fund) — Seed
- Garuda Ventures (https://capitalatlas.ai/funds/garuda-ventures) — Seed
- Noveus Capital (https://capitalatlas.ai/funds/noveus-capital) — Seed