Accel, Foundamental VC Lead $14 Mn Series A Round In Snaptrude


Snaptrude, the New York-headquartered startup, has raised USD 14 million in a Series A funding round led by Foundamental VC and Accel. 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). Prior to this round, the startup secured USD 6.6 million in seed round.

Altaf Ganihar, Founder and CEO of Snaptrude, stated, “We’re delighted to have the renewed support of our investors Accel and Foundamental. 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. With over 20,000 users across the world, we’re making great strides to democratize 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.”

Prashanth Prakash, Partner at Accel said, “Snaptrude’s innovative conceptual design methodology, paired with its impressive market momentum, firmly establishes it as a pioneer in catalyzing 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.”

Snaptrude said in a statement that the platform has already garnered significant attention, and signals product-market fit and early growth. The company proudly serves over 15 globally renowned firms. The over 50 member global team behind Snaptrude brings decades of experience at the intersection of technology and the AEC industry, positioning the company to lead the charge in reshaping the sector.

Categories: Other News

Tags: , ,

Leave a ReplyCancel reply