Vancouver construction management software startup Ontraccr has raised a $1.2 million seed funding round from a diverse group of investors including construction tech funds, LAB Ventures and Buildtech Ventures.
This financial milestone marks a new chapter in Ontraccr’s mission to revolutionize the construction and field service industries with its unique no-code approach to operational management.
Ontraccr’s no-code platform allows businesses to tailor their operational workflows easily, without the hassle and expense typically involved in customizing software. This capability is particularly valuable in an industry where every company has its unique processes, and many are stuck with rigid systems or face high costs to modify existing software to meet their needs.
Ontraccr also focuses on helping businesses transition smoothly into digitizing their operations.
The platform simplifies the technological landscape for construction companies by consolidating multiple tools into a single, integrated solution. This not only eliminates the clutter of using multiple disjointed applications but also enables companies to leverage real-time data from one central location, streamlining workflow and supporting informed decision-making.
Following exceptional initial traction, with numerous construction and field service companies adopting Ontraccr’s construction management platform, this new investment will accelerate the company’s growth trajectory.
Plans include reaching a broader array of companies, expanding into more industry segments, and pushing further into the US market.
“This investment is a testament to the hard work of our team and the innovative solution we’ve brought to the construction industry. Our no-code platform is not just a product but a paradigm shift in how construction management can be approached,” commented Syed Ahmed, CEO and co-founder of Ontraccr, on the news.
“We’re excited to use this funding to expand our reach, enhance our platform, and continue making construction management easier and more efficient for companies everywhere.”
Can I say, that as a construction software consultant and having assessed literally hundreds of construction specific softwares in the past few years, I can confidently state that Ontraccr is one of the best. Their no – code workflow automation is ground-breaking. We recommend it to all sizes of both general contractor and sub-contractor.