Snaptrude Raises $14mn From Foundamental And Accel

Series A funding comes just 12 months after raising a USD 6.6 million seed round, even in the face of a lukewarm market

Snaptrude, the New York-headquartered startup 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). Remarkably, Series A funding comes just 12 months after the company raised a $6.6 million Seed round.

The Series A funding will be instrumental in Snaptrude's efforts to expand its product and engineering teams, further enhancing the platform's capabilities and user experience. This investment will help Snaptrude solidify its go-to-market strategy, enabling it to reach more architecture firms looking for innovative solutions.

Altaf Ganihar, Founder and CEO of Snaptrude, says, “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.

Tags assigned to this article:

Around The World