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‘Slack for construction’ SymTerra founded by husband-wife duo closes $1.7M funding

SymTerra founders
Image credits: SymTerra

SymTerra, a communications platform for the construction project supply chain from London, has closed its first seed round at $1.7 million. The investment came from a global investor base led by Samaipata with participation from Nemetschek, Pi Labs and Accel.

Growth plans ahead

The proceeds of this round will help them grow the team, launch a freemium subscription and expand the platform. With significant demand from current clients and exploring opportunities in new regions, SymTerra is in plans to grow its team to 25 people by the end of the year, tripling current headcount.

Co-founder Sarah Crawley commented: “This funding, with the clear support of a great investor base, allows us to grow our team, launch our freemium subscription and expand the platform. Our vision is to become the industry standard for construction site communication.”

Jose del Barrio, General Partner at Samaipata comments: “We are thrilled to be leading SymTerra’s Seed round on their mission to become the site communication pipeline for construction with real-time information sharing. We believe Sarah and John, with their wealth of experience in construction project management, have the perfect combination of drive, skills and experience to tackle this huge industry.”

Tanja Kufner, Head of Startups & Venture Investments at the Nemetschek Group said: “We are very happy to have participated in this investment round. It aligns perfectly with our strategy of driving innovation and digitalization throughout the entire value chain of construction. The global reach of Nemetschek can also support SymTerra to bring their solution to a large number of customers, making the industry more efficient and productive.”

Hugo Silva, Senior Investment Manager at Pi Labs, said: “We have watched SymTerra go from strength to strength since we first met them and on our Growth Programme, demonstrating their ability to win high profile clients and become a technology leader in a sector historically slow to digitalise. Sarah, John and the team are addressing the very real issue of miscommunication and uncertainty on construction sites.”

Rika Christanto, Accel Starter investor comments: “Optimising the massive and traditional construction industry requires data, but to get that data, you need to build a product that workers are willing to use. With their deep industry experience, the team at SymTerra has overcome this core challenge by building a mobile-first platform with built-in virality.”

Founded by husband-wife duo

SymTerra was founded by husband-wife duo Sarah Crawley and John Ryan in 2021. The ‘Slack for construction’ platform is designed to eliminate uncertainty in construction through its communication, collaboration and visibility tool. Over 30% of construction costs are directly related to re-work and delays, as a result of miscommunication on site and this reportedly contributes to the sector’s $280 billion re-work issue.

Establishing and streamlining the flow of data from site teams needs to be easy, instant and intuitive, and built for workers.

In six months of its launch, SymTerra was shortlisted on a Kier project by New Civil Engineer for the best smart data collection. Recently, it became a part of Pi Lab’s 2022 Growth Programme.

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