Total amount raised
$20.6 Millions
Latest funding date
11/01/2023
Location
Title
Snaptrude has successfully raised significant funding over multiple rounds, attracting attention from prominent investors. The platform offers advanced tools for 3D modeling, design validation, and collaboration, catering to architects, interior designers, and developers.
Keep reading to explore the intricacies of Snaptrude's fundraising journey and the investors backing this innovative platform.
What Is Snaptrude?
Snaptrude is a cutting-edge platform revolutionizing the building design industry with its advanced 3D modeling, space planning, and AI rendering tools. Founded in 2017, the company is headquartered in Bangalore, India.
Co-founded by Rohit Gupta and a team of visionary architects and engineers, Snaptrude aims to streamline the design process for architects, interior designers, and developers. The platform is known for its data-backed design validation and seamless collaboration features.
With a growing team of over 50 employees, Snaptrude continues to innovate and expand its offerings, making it a trusted choice for professionals in the architecture, engineering, and construction (AEC) industry.
How Much Funding Has Snaptrude Raised?
- Seed Round
- Amount Raised: $6.6 million
- Date: January 2023
- Lead Investors: Foundamental and Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their cloud-based platform and expand their user base.
- Series A Round
- Amount Raised: $14 million
- Date: November 2023
- Lead Investors: Foundamental and Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the product and engineering teams, enhance the go-to-market strategy, and increase global reach.
Total Amount Raised: $20.6 million. Current Valuation: Not publicly disclosed.
Key Investors
- Foundamental
- Details: Foundamental is a venture capital firm that focuses on investing in startups within the construction and building technology sectors. They aim to support companies that are innovating in the construction industry.
- Investment Focus Areas: Construction technology, building technology, infrastructure.
- Notable Investments: Not publicly disclosed.
- Accel
- Details: Accel is a global venture capital firm that invests in early-stage and growth-stage technology companies. They have a strong track record of backing successful startups.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Facebook, Dropbox, Slack.
- Possible Ventures
- Details: Possible Ventures is a venture capital firm that invests in innovative technology startups. They focus on companies that have the potential to make a significant impact.
- Investment Focus Areas: Technology, innovation, startups.
- Notable Investments: Not publicly disclosed.
- Clark Valberg
- Details: Clark Valberg is an individual investor known for his involvement in the tech industry. He is the co-founder and CEO of InVision, a digital product design platform.
- Investment Focus Areas: Technology, design, innovation.
- Notable Investments: Not publicly disclosed.
- RFC
- Details: RFC is a venture capital firm that invests in technology and innovation-driven companies. They aim to support startups that are pushing the boundaries of their respective industries.
- Investment Focus Areas: Technology, innovation, startups.
- Notable Investments: Not publicly disclosed.
What's Next for Snaptrude?
Snaptrude stands at the cusp of a significant opportunity, poised to challenge legacy platforms like Autodesk and Trimble with its modern, cloud-based software suite. The platform's real-time collaboration and AI integration features are set to revolutionize the AEC industry, offering a seamless and efficient design process. With a user base that has grown to over 20,000 across 30 countries, Snaptrude is well-positioned to expand its market presence globally.
Future fundraising efforts will likely focus on scaling operations, enhancing product features, and expanding into new markets. However, the company will need to navigate challenges such as competing with established players and ensuring data security. As Snaptrude continues to innovate, it may attract further investment and potential strategic partnerships, solidifying its position in the industry.
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