Construction Monthly Magazine | Charlotte 2022 Build Expo Show Edition

Booth #100
DigiBuild Raises $4M Seed to
Fix Construction Supply Chains
The round includes high profile investors YCombinator,
Draper Associates, Picus Capital, and Harvard
Construction is one of the largest and oldest markets in
the world. Projects involve many stakeholders that bare
significant cost and risk. McKinsey estimates that the average
construction project is 80% over budget and 20 months behind
schedule. The number one reason for that failure is supply
chain and material management issues.
DigiBuild is working to change that. Their goal is to digitize the
fragmented and tedious workflows involved in managing and
procuring building materials. They’ve created an easy-to-use
software platform that automates finding, ordering, tracking
and managing materials needed on a construction project. The
platform includes innovative features like Predictive Scheduling
which produces “Must Order by Dates” that guarantees
contractors have the material they need on time to meet their
job schedules.
The company announced the $4 million seed round with
investors: YCombinator, Draper Associates, Harvard University,
Picus Capital, Bluefield Capital (2x), Cathexis Ventures, MH
Carnegie, YC Alum Fund, Emerging Ventures, Chain Reaction
and more. The round included strong signals from construction
heavy hitters such as investments from the cofounders of
contech unicorn PlanGrid (YC W12, acquired $875M by
Autodesk) and Build Technologies, a venture fund of major
construction companies.
DigiBuild’s main product is DigiProcure, the material
management solution. Using this tool, customers are reporting
powerful results such as cutting material management (change)
hours in half, saving hundreds of thousands with better material
pricing, and reducing contractor schedule misses by 90%.
The Miami based company also offers DigiEndeavour, a general
construction management offering comparable to the industry
leading solutions.
Of note, multiple industry leaders like Procore have been
rumored to have explored investment in DigiBuild. CEO Robert
Salvador commented of those offers “we appreciate the interest
of the construction-tech industry’s trail blazers in the in us. We
closed the round before they had a chance to finalize investment,
but we look forward to working with them in the future”.
The company seems well-positioned to succeed in this lucrative
market segment. DigiBuild has a well-qualified team of leaders
who have managed over $5 billion in construction projects and
an experienced engineering team. Robert Salvador, Cofounder
and CEO, previously founded a construction company that
worked nationwide and was recently named one of Crain’s
Chicago Business’ “25 Rising Stars in Tech”. He is a frequent
speaker for construction organizations like BuiltWorlds and
The Construction Institute. Cofounder and COO April Moss
provides operational and customer success leadership having
been an executive that built teams for large companies such as
P&G, Starbucks, and Acosta Sales & Marketing.
As part of the near-term roadmap, DigiBuild will look to expand
their DigiProcure offering to additional trade contractors
and general contractors as they become the trusted material
management software for the construction industry.
SPECIAL CHARLOTTE SHOW EDITION 2022 37