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When you think about platform in the mental synthesis industry , chances are the concrete slab designed to support steel shaft of light and tall pillars will get first to your mind . Munich - base startupComstructwants to plan a dissimilar form of political platform for the building industriousness — a software program chopine .
At its essence , Comstruct is a procurance platform for expression textile . For large - exfoliation project , processing material orders can take a circle of time , as materials provider still print out deliverance note and invoices . lodge are often place over the phone , and it can be hard to reconcile account and produce comprehensive information reports .
And the startup is announce a € 12.5 million one shot ( $ 13 million at current exchange rate ) led by GV and 20VC , with existing investors Booom and Puzzle Ventures investing once again .
“ Today , the procural summons of materials in mental synthesis is very analogue . You could place a phone call to order 10 cubic meters next Thursday . Then you get a physical bringing note on the situation that is then typecast out into an Excel weather sheet , ” Comstruct carbon monoxide - founder and CEO Henric Meinhardt told TechCrunch . “ And then they ’d sometimes send it via military post to the home base , where they then manually equate invoice to the reception . ”
Each materials supplier could make its own app to summons orders , but the job is that contractor do n’t need to portion out with 100 unlike apps to get documents . That ’s where Comstruct comes in with its platform that can unify these process .
Comstruct first contacts general contractor to understand how they get their materials , as they generally ferment with unnumbered supplier depending on the locating of the construction web site and other specific needs .
“ We go about those cloth suppliers . We call them and ask them : How can you portion out the datum ? Do you have an EDI user interface ? Do you have an email where you could forward the information ? Do you have a customer hepatic portal vein that we can genuflect to find materials ? And then we structure the information , ” Meinhardt enjoin .
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The inauguration then uses machine learning to integrate each supplier on its political program . “ This technical advance enable us to integrate 800 cloth provider over the last two years , which is quite a significant amount already , ” Meinhardt said .
On top of this data layer , Comstruct has build four module around ordering , digital delivery reception , invoice reconciliation , and ESG reporting . The startup runs on a usage - based pricing good example with a dewy-eyed per - document pricing strategy .
“ With the [ Corporate Sustainability Reporting Directive ] in Europe , [ contractor ] need to describe how much material hold up into construction projects . Until now , they did n’t sleep with how much concrete they used [ … ] that ’s a phone number they did n’t have , ” Meinhardt said .
Comstruct competes withKojoin the U.S. andQflowin the U.K , but each competitor has its own locating . fit in to Meinhardt , Kojo “ focuses a lot more on the procurance side , ” while Qflow “ focuses a lot on waste direction . ”
The company originally started working in Switzerland because Meinhardt studied there . Comstruct claims that it already has good reportage of the materials diligence in that country , and it has 70 % to 80 % of requested provider on its platform already . The company is presently dilate to Germany , Austria and other European countries depend on construction undertaking .
Some big - scale of measurement twist sites have used Comstruct already to care construction material , including several tunnel projection , a main road project in Stockholm , and a boastful power train task in Munich . For case , the Gotthard Tunnel undertaking in Switzerland ( pictured below ) rely on Comstruct to handle all delivery note and link them to invoice .
