Smino earns 3.1 million francs
The proptech start-up smino raised CHF 3.1 million in a financing round. The company's own platform is a tool for the digital planning of construction projects. Now smino wants to expand.
Smino has won over a number of investors with its platform for digital building planning (Building Information Modeling / BIM). The start-up from the St.GallenBodenseeArea has successfully completed a series A financing round and raised CHF 3.1 million, according to a press release .
Smino is an offer from BBC Systems AG. The platform acts as a data hub for construction projects. This platform is now to be further developed. “The smino team impressed us and our partners with its comprehensive software solution for construction project management”, Manfred Heid is quoted in the message, managing partner of the investor BitStone Capital. “We are very pleased to support the team together with our co-investors as they expand into new markets and develop into a digital project assistant.”
BitStone Capital led the financing round. Other investors are EquityPitcher Ventures, Swiss Startup Capital, Session VC, Swiss Immo Lab, AXEPT Business Software AG and Conreal. “Smino has managed to generate rapid growth and become a key player in the construction industry,” says Guy Giuffredi from Swiss Startup Capital. “Now the expansion is pending and we are convinced that the excellently positioned team will master this quickly and successfully.”
This expansion is to be realized first in Switzerland and Europe. In the future, smino also wants to rely on applications with artificial intelligence, as co-founder Sandor Balogh calls it. “The Series A round enables us to expand our market leadership in Switzerland and expand internationally. A further branch will be set up in Germany specifically for the European region. “