Kraaft, a Paris-based startup reworking the development business with its AI-powered collaboration platform, has raised €13 million in a Collection A funding spherical to gas product growth and develop into key markets, together with the UK and Germany.
The funding was led by Daybreak Capital, with participation from Brick & Mortar Ventures, Chalfen Ventures, Stride VC, and OSS Ventures.
“We’re thrilled to companion with Daybreak Capital, Brick & Mortar, and our earlier traders who share our imaginative and prescient of empowering frontline building employees by means of our easy-to-use, enjoyable, and productivity-enhancing app,” mentioned Thomas Reygagne, Co-founder and CEO at Kraaft. “Our fast progress demonstrates the urge for food for a platform that bridges the hole between subject and workplace. With this funding, we’re set to redefine how building groups collaborate globally. Building has been left behind by tech innovation for too lengthy, and we’re right here to concurrently enhance working lives and remodel productiveness within the sector.”
Based in 2020 by Marc Nègre, Cédric Boidin, and Thomas Reygagne, Kraaft addresses long-standing inefficiencies in building. The Kraaft platform reconciles subject and workplace operations by means of real-time communication, integrating options like photograph geolocation, doc administration, and AI-driven workflows.
The development sector, which represented €12.5 trillion in world output in 2023, is notoriously gradual in adopting expertise, with IT spending of just one–2% of income in comparison with the three–5% seen in different industries.
Kraaft’s success lies in its ease of use. Impressed by messaging apps like WhatsApp, its intuitive interface requires no person coaching, guaranteeing seamless adoption by frontline employees.
Since its €3.2 million Seed spherical in 2023, as reported by EU-Startups, Kraaft has tripled its person base, now serving over 1,000 firms and facilitating a couple of million messages month-to-month. The platform helps 5 languages—English, Spanish, German, Italian, and French—and has signed agreements with main European building corporations similar to SAUR, NGE, SPIE CityNetworks, Ramery, Serfim, Sade, and Gagneraud.
“Regardless of large machines and house age supplies, building is powered by folks. Lots of them. In reality one in each ten people works in building,” mentioned Norman Fiore, Co-founder and Common Accomplice at Daybreak Capital. “So success in building means success in making working lives simpler. And we consider Thomas, Marc and Cédric have constructed the correct, highly effective answer, which is seamless to undertake and cherished by employees and managers alike.”
Along with serving enterprise prospects, Kraaft presents a free plan tailor-made for small companies, aiming to supply accessibility throughout the development ecosystem. The platform has delivered tangible outcomes, together with a reported 15% enchancment in dealing with change orders, instantly boosting venture margins.
Trying forward, Kraaft plans to introduce new options in 2025, together with planning and timesheets for venture administration, API integrations with platforms like Procore, and AI-driven automation instruments to reinforce productiveness additional.
“Messaging is consuming the world, and we’ve proven {that a} easy, intuitive instrument like Kraaft can ship superb leads to an business that’s been gradual to go digital,” mentioned Marc Nègre, co-founder and CPO at Kraaft. “Each time foremen reward the app as the best to make use of on the App Retailer, our crew is delighted. We’re extremely excited for what this subsequent stage of progress means for our customers.”
Guillaume Bazouin, Accomplice at Brick & Mortar Ventures, provides, “Kraaft is reworking the development business by bridging the hole between subject and workplace operations. We invested as a result of Kraaft replaces outdated instruments with an intuitive, purpose-built platform that enhances collaboration, boosts productiveness, and improves venture margins. We’re excited to assist the crew as they scale globally.”
Kraaft’s adoption through the COVID-19 pandemic, the place employees in France leveraged the app to enhance communication and handle subject operations, highlights its potential in innovating the development sector.