New York-headquartered Snaptrude has raised $14 million in a Series A funding round led by Foundamental VC and Accel Partners.
The company said the funding will enable it to strengthen its go-to-market strategy to reach a wider audience of architecture firms seeking innovative solutions.
This round comes just 12 months after raising a $6.6 million seed round.
“When I set out to build Snaptrude, I wanted to improve the broken and complex construction design journey by creating a seamless, interoperable, cloud-based tool that could support architects and designers to focus more on what they do best instead of grappling with legacy tools,” said Altaf Ganihar, Founder and CEO of Snaptrude.
“With over 20,000 users across the world, we’re making great strides to democratise good design, and this new funding will support us in continuing to build the software and tools to continue to transform the AEC industry for the better,” he added.
Snaptrude’s platform sets itself apart from traditional solutions by offering an entirely browser-based approach, fostering seamless real-time collaboration, and automatically generating essential project information like cost estimates, quantity takeoffs, project schedules, and climate studies.
The company aims to build a modern operating system for the design-construction process, starting with a powerful browser-based collaborative 3D design tool (Think Figma for building design).
“Snaptrude’s innovative conceptual design methodology, paired with its impressive market momentum, firmly establishes it as a pioneer in catalysing transformation within the AEC sector. We wholeheartedly embrace their vision and are excited to remain steadfast in our support for their journey of expansion and innovation,” stated Prashanth Prakash, Partner at Accel.
“Snaptrude has emerged as the global front-runner in creating the next-generation design stack for the AEC industry. We’re delighted to be doubling down on our partnership with Altaf and Snaptrude and look forward to seeing how the platform grows to tackle this urgent challenge,” added Shubhankar Bhattacharya, General Partner at Foundamental.
