# Part3 Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/part3-technologies

- Industry: Software
- Headquarters: Burlington, Canada
- Website: www.part3.io
- Total disclosed funding: $2.1M
- Latest round: Seed (Jul 1, 2023)
- Investors on record: 3

## About

Founded in 2020 and based in Burlington, Canada, Part3 Technologies Corp. operates as an information technology company that offers a platform-as-a-service to automate project management processes in the construction industry. The company was co-founded by Jack Sadler (CEO), Corey Stanford (CTO), and Jessica Luczycki. In July 2023, Part3 Technologies Corp. raised CAD 2.8 million in seed funding led by Chicago Ventures, with participation from another investor, Graphite Ventures. Returning investor Capital Angel Network, individuals’ investors also participated in the round. 

The company earns its revenue through its business model, offering three options: a license priced at USD 125, a project plan at USD 250, and an enterprise plan, which is customizable. All these plans are billed on a monthly basis.

The company provides an architecture and engineering platform aimed at achieving design excellence and minimising inefficiencies during construction administration. Their software offers various features like project data, change management, procure integration, insights, import data, and more. This allows construction administration professionals to collaborate with consultants, owners, and contractors on any device, both offline and online. Part 3 simplifies Construction Administration by bringing consultants, owners, and contractors together and providing the tools that enable teams, and the insights that inform business decisions.

## Funding rounds

- Seed, Jul 1, 2023, $2.1M — Chicago Ventures, Capital Angel Network, Graphite Ventures

## Investors

- Chicago Ventures (https://capitalatlas.ai/funds/chicago-ventures) — Seed
- Capital Angel Network — Seed
- Graphite Ventures (https://capitalatlas.ai/funds/graphite-ventures) — Seed