BeamUp will use the funding to increase its employee headcount. Here are the top-line bullets you need to know.
BeamUp, a commercial real estate design and lifecycle management platform, has raised $15M in a seed VC round that drew participation from StageOne Ventures and Ibex Investors, among others.
How’s the company performing?
- Israel-based BeamUp enables building management teams to create digital twins of their properties in order to support design and maintenance initiatives.
- It caters to 1,100+ users and 5 Fortune 100 companies.
- The company is currently supported by a team of 37 employees across its UK, US, and Israel offices.
Source: BeamUp
Why does the market matter?
- The global construction management software market is expected to reach a value of $2.7B by 2027, growing at a CAGR of 8.7%, according to Data Bridge Market Research.
- North America is expected to account for the largest market share during the forecast period, due to its higher construction volume, while the APAC region is likely to experience the highest growth rate during that time, due to construction activity in China and India.
- A key factor driving market growth is the rising adoption of cloud-based software and automation technologies across industries.
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