€ 1.8 million investment for the construction software provider Capmo
Munich – 12th December 2018. The Munich-based startup Capmo digitizes processes in the construction industry and closes a € 1.8 million seed financing round led by Unternehmertum Venture Capital Partners alongside HW Capital, the investment holding of the Interhyp founders. The financing is intended to speed up the market entry of the intuitive productivity software.
80 percent of all construction projects in Germany are running above budget, 60 percent are completed too late or with significant defects. The reasons for this are inefficient project management and inadequate construction documentation. When it comes to digitization, the German construction industry lags far behind, only the hunting and fishing industry is less digital. The new software Capmo wants to solve this problem and enables digital collaboration on the construction site. With their innovative app, the four Munich founders Patrick Christ, Florian Biller, Florian Ettlinger, and Sebastian Schlecht have now collected € 1.8 million. Investors are the founders of Interhyp, as well as the fund UVC Partners. “Construction projects could be up to 40 percent more productive. In this market, we see tremendous growth potential for Capmo and look forward to supporting this growth with our expertise in B2B businesses and our industry network,” explains Dr. Ingo Potthof Managing Partner at UVC Partners.
Capmo digitizes the construction site – on the desktop, smartphone and tablet
Intuitivity is the basic principle of Capmo. The construction plans are stored digitally and are available on all registered devices such as computers, smartphones, and tablets – even in offline mode. All participants in a construction project are invited to Capmo and tasks can be distributed accordingly. Photos of the construction site are stored directly in the app and automatically located in the construction plan. Capmo not only promotes cooperation but also provides a quick overview of a project and eases the documentation of defects. This creates transparency for the client and increases the efficiency of projects. Since its launch in February 2018, Capmo has already gained 50 clients from the construction industry. “Construction projects are prone to errors, which is partly due to the low level of digitization. Many tasks are still managed via fax and voice recorder. This is where Capmo comes in and supports with new processes and technologies to meet deadlines and budget plans, “explains Florian Biller, founder and managing director of Capmo.
Construction projects like Hilton Hotel Munich and Kaufhaus Oberpollinger
Capmo is used by architects and engineers on private construction sites as well by construction companies for major projects. These include among others the Hilton Hotel in Munich, the renovation of the Oberpollinger shopping center and branches of ALDI and Rossmann.
Capmo was founded in Munich by Dr.-Ing. Patrick Christ, Florian Biller, Florian Ettlinger, and Sebastian Schlecht in February 2018. Capmo provides an overview of all current construction plans, construction progress and any defects that occur. Users can furthermore record, manage and distribute tasks – on the desktop, smartphone or tablet. Investors backing the intuitive productivity software are UVC Partners and HW Capital, the investment holding of the Interhyp founders.
About Unternehmertum Venture Capital Partners
Unternehmertum Venture Capital Partners (UVC Partners) is a Munich-based early-stage venture capital firm that invests in technology-based startups in the areas of industrial technologies, enterprise software and mobility. The fund typically invests between € 0.5 – 3m initially and up to € 12m in total per company.
Portfolio companies benefit from the extensive investment and exit experience of the management team as well as from the close cooperation with UnternehmerTUM, Europe’s leading innovation and business creation center. With over 180 employees and more than 100 industry partners, UnternehmerTUM can draw from many years of experience in establishing young companies. This cooperation enables UVC Partners to offer startups unique access to talent, industry customers, and other financial partners. The portfolio includes investments such as FlixBus, Carjump (Free2Move), KONUX, Blickfeld, 3YOURMIND and Vimcar.