# Witco

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

- Industry: Software
- Headquarters: Paris, France
- Website: www.monbuilding.com
- Total disclosed funding: $10M
- Latest round: Series A (Aug 10, 2021)
- Investors on record: 4

## About

Witco, headquartered in Paris, France, specializes in effective communication solutions for the construction industry, enhancing project management through innovative technologies and sustainable practices.Founded in 2016 in Paris, France, Witco focuses on enhancing communication in the building sector. The company has successfully completed 2 deals with the latest funding round being a Series A, raising EUR 8.50 mn on August 10, 2021, led by the investor Daphni, with participating investors including Eurazeo, Naxicap Partners, and UL Invest, bringing the total amount raised to EUR 8.50 mn and the current company valuation to EUR 26.60 mn. Eliane Lugassy serves as both the Founder and CEO.Monbuilding specializes in innovative building solutions, offering a diverse range of products designed to enhance construction efficiency and sustainability. Their core offerings include modular construction systems, eco-friendly materials, and advanced project management software, each tailored to address specific challenges in the building industry. The modular systems streamline the construction process by facilitating quicker assembly and increased precision, while their sustainable materials target the growing demand for environmentally friendly building practices. Their project management software integrates seamlessly with existing workflows, enabling clients to monitor progress, manage resources, and optimize timelines effectively. Monbuilding serves a varied client base, including construction firms, real estate developers, and municipal projects across North America, Europe, and select markets in Asia, positioning them as a key player in the global construction sector.Monbuilding generates revenue primarily through direct sales and subscription models associated with its flagship products. The company structures its transactions through partnerships with construction firms and real estate developers, facilitating B2B exchanges that emphasize long-term collaborations. For instance, clients may engage in multi-year agreements for the supply of modular construction systems and associated software services, allowing for ongoing support and updates. Revenue from the project management software may be derived from tiered subscription plans, which provide varying levels of access and features depending on the client's needs. Additionally, Monbuilding’s eco-friendly materials are sold directly to contractors and builders, further diversifying the revenue streams.Following their Series A funding round in August 2021, Witco plans to utilize the EUR 8.50 mn raised to launch its operations in the UK and expand into the German and Spanish markets. New products are in development aimed at addressing specific market needs, with strategic plans for entry into these regions detailed for completion by the end of 2022.

## Funding rounds

- Series A, Aug 10, 2021, $10M — Eurazeo, Naxicap Partners, Daphni, UL Invest

## Investors

- Eurazeo (https://capitalatlas.ai/funds/eurazeo) — Series A
- Naxicap Partners (https://capitalatlas.ai/funds/naxicap-partners) — Series A
- Daphni (https://capitalatlas.ai/funds/daphni) — Series A
- UL Invest — Series A