reebuild secures €3M to automate financial workflows in construction

What happened

Vienna-based constructiontechnology startup reebuild has raised €3 million in seed funding to expand itsAI-powered back-office automation platform for construction and real estatecompanies. Vienna-based construction technology startup reebuild has raised €3 million in seed funding to expand its AI-powered back-office automation platform for construction and real estate companies.

The round was led by Fortino Ventures , with participation from Rise PropTech and CuriosityVC . The company develops software that automates administrative and financial processes for construction companies and property developers, including invoice processing, cost management and material tracking.

Its platform operates with AI to process documents, match financial records and provide project cost information. Construction and real estate companies often rely on spreadsheets and manual processes to manage invoices, contracts and project costs.

Key facts

• Its platform — uses: AI to process documents, match financial records and provide project cost information