Fabien Font - The co-founder of Teamoty

Teamoty, a trailblazer in the digitalisation of the store network for construction projects, has raised €3 million to speed up the promoting of its product suite in the French and European business sectors. LBO France, a multi-expert venture stage, is driving the round through NewStone, its effect store committed to Proptech, along with Rise PropTech Asset and BTP Capital Investissement.

Established in 2018, Teamoty has fostered a product suite equipped for digitising site planned operations and consequently empowering construction experts to more readily control costs and cutoff time the executives, to further develop project efficiency, and to lessen the ecological impression of locales that are exceptionally high CO2 and waste producers. Teamoty's answers address a natural difficulty and have an especially sure effect by restricting the quantity of conveyances, radically diminishing waste and advancing better reusing by enhancing arranging the board.

In the construction area, almost 80% of tasks are conveyed late or end up over financial plans because of the board devices that are not adjusted to the complexity of the destinations. To overcome this issue, Teamoty was one of the main in France to utilise Lean Construction strategies, which upgrade the administration of construction locales utilising collaborative administration devices.

This approach has proactively convinced in excess of 100 construction companies, including central parts like Bouygues and Spie Batignolles in France and BPC Gathering in Belgium. Currently converted into 5 dialects and tried in excess of 11 countries by in excess of 5,000 clients, the product suite is presently prepared for global arrangement.

A product suite 100 percent devoted to the preparation and operations of construction destinations, Teamoty is certainly not a basic digitalization arrangement, it likewise helps companies in the area to change themselves in a more worldwide and reasonable manner. Its answers, which incorporate two modules distributed in Saas mode, cover both upstream preparation and ongoing checking of the site, as well as planned operations through supplying the board. They empower every one of the exchanges to be coordinated progressively, to have an impact on the manner in which they cooperate and eventually to work on the presentation of the locales. The point is to make worth and save assets: fabricate quicker, better and at lower cost. With this new instrument, a genuine change of the area is in progress.

Besides, arrangements, for example, those presented by Teamoty effectively contribute to working on the picture and engaging quality of an area that is still inadequately digitised nevertheless experiences an absence of labour supply and enrollment challenges, especially among youngsters.

With this first round of funding, Teamoty's system is to continue to create and uphold the change of the area. The help of LBO France, Rise PropTech Asset and BTP Capital Investissement will empower the company to speed up its commercial improvement in France and Europe and to continue to improve its product suite. This methodology incorporates the fast and huge enrollment of new abilities.

The market on which Teamoty is situated is growing quickly because of the consciousness of the players in the ecosystem and the administrative necessities. The goal is to secure its proposal to different clients in new countries and to permit the utilisation of the product suite on a wide range of undertakings, in new construction as well as in restoration, for lodging as well concerning workplaces, and in the context of public works or structural designing.

Fabien Font, Co-founder and CEO of Teamoty, says: "Throughout recent years, we have demonstrated that how activities are arranged and coordinated ought to and can change. With the assistance of our investors, we will actually want to send our answers all the more generally in Europe and speed up their commercialisation. Our system is completely in accordance with the natural difficulties that are driving the construction business to streamline assets on location while further developing efficiency and effectiveness in the construction cycle."

Stéphanie Casciola, Overseeing Head of LBO France and responsible for the land and proptech business, said: "With Teamoty, we are making our third interest in NewStone, our effective reserve committed to Proptech. After ZePlug in the energy progress and Hosman in computerised exchanges, Teamoty resolves a central point of contention in the construction business by empowering better asset following and production network improvement. LBO France will prepare its involvement with influence and its all wide information on the land area to speed up the improvement of Teamoty, a promising speculation that permits us to extend ourselves into a supportable future.."