Comstruct, based at the Münchner Technologiezentrum (MTZ), has developed a platform for material procurement in the construction industry. It digitalizes construction material data such as delivery notes and invoices and automates processes such as ordering, invoice reconciliation, job site management, and ESG reporting for the construction industry. This solution is designed to enable construction companies to digitalize and automate their procurement processes. Additionally, automating these processes should reduce errors and save time and costs. Henric Meinhardt, CEO and Managing Director of Comstruct, explains:
“Contractors are drowning in administrative processes: mountains of delivery notes and rooms full of employees taking calls and documenting… I saw this firsthand when I worked at one of the world’s largest concrete suppliers. At Comstruct, we want to enable them to simply focus on building again. Given recent developments in artificial intelligence, now is the perfect time.”
These insights appear to have also convinced the investors in the current funding round. Luna Schmid, Partner at GV, comments:
“The founding team at Comstruct impressed us with their deep understanding of the construction industry, with their complementary strengths in go-to-market, product, and technology. They have identified critical pain points for a massive market and offer a seamless solution to move the construction industry from manual processes to modern workflows. We look forward to supporting this exceptional team as they build a company that sets standards.”
The Comstruct platform is already being used in large construction projects, such as invoice reconciliation on the Gotthard Base Tunnel in Switzerland. With the fresh capital, the young company plans to expand its 25-person team, among other things.
