Swiss constructiontech Scalera has secured $6.5 million in seed funding to address inefficiencies within public and private construction procurement. The round was led by firstminute capital and Speedinvest, with participation from a strategic group of angel investors including Google executives, unicorn founders, and seasoned construction industry veterans.
“The opportunity is enormous, but the system is broken,” said Leonardo Reinhard, co-founder and CEO of Scalera. “To win public tenders today, companies still comb through thousand-page PDFs, copy line items into Excel, and email suppliers one by one. We started Scalera to end that madness and get vital projects moving again — faster, more affordably, and with total transparency.”
Scalera’s core product uses artificial intelligence to automate the parsing of complex tender documents, match supplier catalogs to line items, and help contractors generate bids in a fraction of the time. It supports industry taxonomies such as NPK, BKP, VOB, and ÖNorm, streamlining collaboration across different national standards in Europe.
This automation shortens bid preparation timelines. In a market where time and accuracy are critical to securing contracts, the platform aims to replace the outdated manual processes that dominate the sector.
“LLMs and Generative AI are one of the most exciting platform shifts in technology,” said Sam Endacott, Partner at firstminute capital. “We believe much of the commercial value will be built by teams focused on verticalised use cases in sectors which have yet to fully undergo digital transformation. The construction sector is a perfect example of this, which is why we are so excited to partner with the Scalera team.”
“The construction and real estate sector, the largest in Europe, is still stuck in outdated, cumbersome, and inefficient processes,” said Andreas Schwarzenbrunner, General Partner at Speedinvest. “We believe AI has the power to bring construction companies to the next level by automating essential mid- and back-office functions, improving overall efficiency and profitability.”
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BuiltAPI GmbH, the company pioneering API-driven data infrastructure for real estate investment and asset management, has successfully closed its latest funding round backed by industry leaders including Second Century Ventures, TDS, and Propertymark. The investment marks a major milestone as BuiltAPI expands its services across Europe and the UK, following its graduation from the REACH UK Accelerator Program.
BuiltAPI tackles one of the real estate sector’s most persistent problems: fragmented, siloed data ecosystems. The company provides a robust API framework that enables seamless connectivity between legacy systems, modern SaaS tools, and intelligent automation platforms — with interoperability, governance, and cybersecurity at its core.
“We’re building the backbone of real estate data infrastructure,” said Olga Dentzel, Co-Founder of BuiltAPI. “This funding and the support of the REACH UK program are accelerating our ability to deliver secure, scalable integrations to clients across borders.”
BuiltAPI’s technology is already making an impact with major real estate institutions such as HIH Real Estate and its fund service platform INTREAL, through their digital unit INTREAL Solutions. These collaborations highlight a shared vision for practical and scalable digital transformation in real estate asset and investment management.
“The industry doesn’t need yet another tool — it needs a connective tissue,” added Ivan Nokhrin, Co-Founder of BuiltAPI. “Our mission is to empower real estate professionals to access, share, and act on their data securely and without barriers.”
Graduation from the REACH UK Accelerator — the scale-up program backed by Second Century Ventures – marks BuiltAPI’s official entry into the UK market. The program has played a key role in unlocking investors support and refining BuildAPI’s growth trajectory.
BuiltAPI GmbH, the company pioneering API-driven data infrastructure for real estate investment and asset management, has successfully closed its latest funding round backed by industry leaders including Second Century Ventures, TDS, and Propertymark. The investment marks a major milestone as BuiltAPI expands its services across Europe and the UK, following its graduation from the REACH UK Accelerator Program.
BuiltAPI tackles one of the real estate sector’s most persistent problems: fragmented, siloed data ecosystems. The company provides a robust API framework that enables seamless connectivity between legacy systems, modern SaaS tools, and intelligent automation platforms — with interoperability, governance, and cybersecurity at its core.
“We’re building the backbone of real estate data infrastructure,” said Olga Dentzel, Co-Founder of BuiltAPI. “This funding and the support of the REACH UK program are accelerating our ability to deliver secure, scalable integrations to clients across borders.”
BuiltAPI’s technology is already making an impact with major real estate institutions such as HIH Real Estate and its fund service platform INTREAL, through their digital unit INTREAL Solutions. These collaborations highlight a shared vision for practical and scalable digital transformation in real estate asset and investment management.
“The industry doesn’t need yet another tool — it needs a connective tissue,” added Ivan Nokhrin, Co-Founder of BuiltAPI. “Our mission is to empower real estate professionals to access, share, and act on their data securely and without barriers.”
Graduation from the REACH UK Accelerator — the scale-up program backed by Second Century Ventures – marks BuiltAPI’s official entry into the UK market. The program has played a key role in unlocking investors support and refining BuildAPI’s growth trajectory.
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