Outbuild, a construction scheduling and planning software company, announced it has raised $11 million in Series A Funding. The round was led by Sway Ventures and participated in by Hilti Venture, Trimble Ventures, and venture capital firms BGV and Zacua Ventures. This funding will help drive a targeted 100% increase in Outbuild’s commercial growth by Fall 2025, support significant team expansion, and advance a product roadmap that includes AI.
The construction industry has been facing significant challenges in meeting project timelines, with KPMG reporting that 75% of construction projects experience delays. And these setbacks are reported to lead to costly overruns and late project completions. Outbuild was created as the first startup in the space to address these critical issues by consolidating scheduling, lookaheads, weekly plans and analytics into one unified solution.
With the support of Hilti and Trimble, two leaders in the construction technology industry, Outbuild aims to integrate functionalities to improve real-time project planning and construction management. Plus, Sway Ventures, BGV, and Zacua Ventures bring expertise in scaling enterprise technology startups.
Outbuild is currently being implemented on 4,000+ projects in 10 countries. Select general contractors nationwide that utilize Outbuild include Greystar, Andres, McAlvain, Skender, and Warfel.
KEY QUOTES:
“We are honored to partner with such a strong group of investors who share our goal of advancing the construction industry through holistic, yet simplified, scheduling and cross-team collaboration. This investment marks a significant step forward in delivering improved project outcomes for the dedicated construction professionals and end users we serve.”
– Franco Giaquinto, CEO, Outbuild
“Outbuild is helping to solve one of the most persistent challenges in construction—keeping projects on time and on budget, while minimizing risk. Their solution to scheduling and team collaboration will fundamentally transform how the industry approaches project planning and execution.”
– Brian Nugent, Founding General Partner Sway Ventures
“The reason we really like Outbuild is that it brings everything together. The schedule and the look-ahead plan communicate with each other, and there’s mobile access, making it easy to share with people.”
– Ben Stocker, Senior Construction Technologist, Skender
