| 16.8°C Dublin

Draper Esprit leads $40m investment in mobile software platform


Simon Cook is CEO of Draper Esprit

Simon Cook is CEO of Draper Esprit

Simon Cook is CEO of Draper Esprit

Draper Esprit is leading a $40m (€35m) investment in Finalcad, a building, infrastructure and construction mobile software platform.

The Dublin-listed company invested €14m in the round, alongside international investors Cathay Innovation and Salesforce Ventures.

This latest Series C funding round brings the total funds raised by Finalcad to $60m (€53m), and the business will use the funding to extend the product platform into the energy, operations and maintenance sectors, increase headcount, and to invest further in R&D.

Finalcad improves construction companies' operational efficiency through a mobile digital platform.

Site engineers, foremen, architects and consultants can collaborate using Finalcad's app, enabling collaboration across a wide variety of workflows both on site and at the office, a statement from Draper Esprit said.

Other recent investments led by Draper Esprit include $14m in Form3 through a Series B round, $31m in Series A funding in Fluidic Analytics round and a £14.5m growth round for Crowdcube, in addition to the previously announced secondary portfolio acquisition of DFJ Europe X fund for £25.9m.

"These four investments demonstrate our position as one of Europe's most active VC firms, the attractiveness of our £500m+ evergreen capital and global network to potential investees, and the growing diversity of our portfolio across fintech, deep tech and digital health," Simon Cook, CEO at Draper Esprit, said.

7 Things: Adrian Weckler on Tech

Tech’s stars and turkeys rounded up and served to you every Friday by Ireland’s No. 1 technology writer.

This field is required

Most Watched