Buildpeer 🏗

the app that glues construction together

AuthorAuthor

Manuel Pozas & Diego Elizondo
February 09, 2023

So,

the Super Bowl is this weekend, and a 30-sec ad slot costs $7 million, nearly double since 2015.

Just something cool to keep in mind while watching those ads on Sunday.

Now to the good stuff…vamos

Estimated read time - 1 minute 30 seconds

IMAGINE THIS

  • You are a construction manager, and your day-to-day is a real grind, carrying multiple blueprints from site to site.

  • Coordinating teams, keeping projects on schedule, and to top it all off… you have to keep it on budget.

  • But you don't have to do it all on your own. That's where Buildpeer comes in.

  • Say goodbye to endless meetings, miscommunications, and manual updates.

EXPLAIN IT LIKE I'M FIVE

Buildpeer is a mobile-first construction manager software platform.

  • It allows construction businesses to manage, visualize and document all their construction information in one place.

  • Buildpeer connects the office and the field with easy-to-use software.

  • they also provide a fully integrated communication system with every team member of the construction process.

THE ABCs

  • Based in - Monterrey, Mexico

  • Founded date - 2020

  • Team size - <15

  • Investors - Formwork Labs & private investors

  • Raised - $0.625M Pre-Seed

  • Industries - Proptech, Contech, Software

  • Business model - Software as a service (SaaS)

Other players:

Fieldwire - Jobsite management software for construction teams.

Slack - Professional and organizational communications platform.

Procore - Construction management software.

Dropbox - Secure cloud storage for all your files.

BUILDING IN LATAM?

BACKGROUND CHECK

The good stuff:

-Barriers: Anyone can use Buildpeer as their construction management software.

-Demo: They provide demos so you can first see how the software works before you make a decision.

-Industry: $3.8 billion of funding towards construction startups in 2021.

-Adoption: Only 20% of Mexican construction businesses have integrated new technologies into their operations. There is a lot of room to grow.

Roadblocks:

-Scale: It is difficult to scale this software since it relies heavily on volume.

-Declining industry: The construction sector declined 15% in 2021 due to sanitary contingencies.

-Resistance to change: The construction industry is known for being traditional. This can make it challenging for startups to integrate new technologies into their operations.

THE ARCHITECTS

Mauricio Valdez - Founder and CEO

Ernesto Fernadez - COO

Eugenio Garza - CMO

HEADLINES CORNER

  • Delivery startup JOKR raised $50 million in a round led by Tiger Global, HV Capital, and GVV Capital.

  • Mexican platform Beek announced a $13 million Series A led by Lightspeed Venture Partner.

  • Kamay Ventures will invest $500k in Peru-founded startups.

  • Google’s stock lost $100 billion after the new AI Chatbot gave out the wrong information.

FOUNDER BOOKMARKS

the best resources we came across this week... reading this will help you become a better founder, builder, or investor.

And that's a wrap! But don't worry, the fun doesn't have to end here. Keep the conversation going by following us on Twitter @latmstartups

Your take on this week's pitch?