PLOT Communications – a SaaS management platform for construction job sites – announced just over $2 million in fresh funding to continue its mission to enhance Jobsite Coordination. With this funding round, PLOT will add to its product/engineering team and begin building out sales & customer success teams.
This funding round was led by GroundBreak Ventures based in Toronto with significant involvement from KCRise Fund, GROWKS Equity Fund, Iron Prairie Ventures, and Suffolk Technologies. The funding round also included a follow-on investment from Koch Industries, which initially funded the company in late 2021. This brings the total amount PLOT has raised to just over $3 million.
Considering rising input costs driven primarily by labor shortages, materials cost escalation, and supply chain disruptions, builders are increasingly turning to technology to optimize job site performance and reduce errors, rework, and unnecessary project costs. And PLOT’s platform cuts through the arduous tasks of jobsite management by providing better options for coordination and communication among all relevant stakeholders.
PLOT has already been used by over 400 general contractors, trade contractors, and owners across the country. And announced recently in tandem with the new financing, PLOT will be launching a new Lead Time module targeting construction material ordering and shipment.
KEY QUOTES:
“We are ecstatic to reach this milestone and look forward to working alongside our new partners to bring common-sense, easy-to-use software to the Construction industry. From data centers and vehicle manufacturing facilities, to 10-unit housing developers, we have found that PLOT dramatically improves jobsite communication, no matter the project size.”
“Delivery to the job site is only a small part of the coordination puzzle. PLOT’s new Lead Time tool gives jobsite teams tools to track materials through approval, ordering, and shipping, and it fits hand-in-glove with PLOT’s delivery management module.”
— Chris Callen, Founder/CEO of PLOT and former concrete contractor
“With its visual site plan, scheduling intelligence, and transparency towards the project team, PLOT makes getting materials to the job site effortless.”
— Ben Stocker, Construction Technologist at Skender
“We see PLOT emerging as the go-to operating system for site logistics and coordination. By debottlenecking scheduling, delivery, and material management, PLOT vastly improves site efficiency and can help unlock considerable working capital for all stakeholders. Imagine finally realizing the benefits of Just-In-Time (JIT) best practices at every construction site.”
— Scott Kaplanis – who led the investment on behalf of GroundBreak Ventures
“PLOT has assisted in expediting smooth, uninterrupted movement of material deliveries on the job site.”
— Ben Sparks, Sr. Project Engineer at Walbridge
