Ontraccr’s system digitizes operational workflows in the design market.
Vancouver-primarily based Ontraccr Technologies has closed $1.2 million in seed funding for its construction management software package.
Ontraccr said the spherical included strategic investments from design and proptech enterprise money companies LAB Ventures and Buildtech Ventures, as effectively as from undisclosed sector executives. The funding will be applied to increase Ontraccr’s platform and develop into far more field segments and the United States.
BetaKit has attained out to Ontraccr for much more aspects on the funding spherical.
Founded in 2019 by CEO Syed Ahmed, CTO Shane McNamara, and COO Jas Nijjar, Ontraccr’s platform is intended to be an all-in-a single, no-code resolution for development providers. It delivers resources for project management, billing, time monitoring, operations, analytics, and extra for use throughout computers, telephones, and tablets.
Similar: SumoQuote obtained by Utah-based mostly roofing program organization JobNimbus
Ontraccr cites a 2019 report from McKinsey & Firm that claims making use of electronic platforms in construction can reduce job fees by up to 20 per cent. The startup aims to assist providers do this by offering occupation costing, inventory administration, products management, and invoicing. Ontraccr also supports integrations with 3rd-party program this kind of as Quickbooks as effectively as in-dwelling IT units through its API if needed.
“We’re thrilled to use this funding to expand our reach, enrich our system, and continue on creating construction management less complicated and more efficient for corporations almost everywhere,” Ahmed explained in a statement.
Canada’s development and contractor-concentrated tech field has been active in the past 12 months. This week, Calgary-based contractor billing application startup PayShepherd secured $7 million CAD in its next seed financing to grow across North America, although fellow Calgary contractor software package SumoQuote was obtained by Utah-primarily based roofing software package enterprise JobNimbus previous month.
Past year also noticed Calgary’s Vitruvi, which supplied geospatial details method-based application, acquired by Denver-centered Bow River Capital though Mercator AI raised a $5.1 million CAD seed round to produce its design intelligence system for company developers.
Characteristic impression courtesy Ontraccr.