PlanRadar PlanRadar

PlanRadar is the supplier of the solution for control of construction documentation and management of defects and tasks in real estate projects. The company is based in Austria in 2013 and in 2021 opened 11 offices in European countries.

History

2022: Raising $69 Million Investment in Round B

On January 20, 2022, PlanRadar, which developed the largest To Europe digital platform for managing projects in the sector and, announced a constructions real estate Insight Partners round worth financings 69 million with Quadrille Capital. This is United States dollars the third largest Series B funding round in history Austria and the largest round for B2B companies. The current investor Cavalry Ventures took an active part in it. Among the other participants in the round were already familiar PlanRadar on past investments funds Headline, Berliner Volksbank Ventures and aws Gründerfonds, as well as new players - Proptech1, Russmedia and GR Capital.

This round of funding will contribute to the implementation of PlanRadar initiatives, including strengthening international expansion and technological development. PlanRadar intends to open offices in the USA, Australia, the Persian Gulf countries, Southeast Asia and Latin America. The company will increase investment in research and development, as well as create a technical center and a special group for the development of innovative products. This will allow the introduction of new technologies critical to the industry into its revolutionary SaaS platform. In total, PlanRadar intends to create more than 200 jobs and double the size of the global staff in the next 12 months.

In the 18 months since the Series A round of funding, during which $34 million was raised, PlanRadar has achieved a revenue increase of more than 250% and more than doubled its customer base. The decision PlanRadar as of January 2022 is trusted by 14,500 customers, it is used daily by 100,000 industry specialists in more than 60 countries to improve the efficiency of projects and ensure the high quality of their execution.

Rapid PlanRadar growth was made possible due to the company's intention to achieve global expansion, including entering 10 markets in Europe and Russia from 2020. The multi-national team, with more than 200 employees, serves clients in more than 20 languages ​ ​ from offices in Vienna, London, Amsterdam, Moscow, Paris, Madrid, Milan, Zagreb, Warsaw and Bucharest. The growing presence of the company also reflects the PlanRadar 's desire to innovate in its core platform. Examples include the recent addition of reporting, as well as additional integration with other systems, solutions, and support for BIM technologies.

We aim to simplify the process of building management and management. We have proved that our technology is in great demand around the world, "said Ibrahim Imam, co-founder and co-CEO of PlanRadar.

Turning PlanRadar into a global PropTech platform, we are transforming an industry that, due to the circumstances, was reluctant to switch to digital technologies, "said Sander van de Rijdt, co-founder and co-CEO of PlanRadar. - Our solution shows that if you provide customers with an intuitive platform that facilitates their work and combine it with gold-standard support services, your customers will strive to use these advanced solutions.

2021

According to information for April 2021, the company's customers work in 46 countries, and 11 PlanRadar offices are located in Vienna (head), Zagreb, London, Paris, Moscow, Warsaw, Stockholm, Bolzano, Bucharest, Madrid and Amsterdam.

2020

In 2020, the company received one of the highest certificates under Internet-safety - ISO 27001.