The UK’s leading constructech startups

As the global construction market continues to grow at a staggering rate, interest in innovative constructech (construction technology) startups that can revolutionise the industry has unsurprisingly risen in tandem.

A report from real estate giant JLL found that venture capitalists invested $1.05 billion in global constructech startups in just the first half of 2018.

This emerging startup sector tends to involve companies apply cutting edge technologies, from AI to IoT, to the construction industry, and adoption of these solutions is no longer seen as the risky proposition it once would have been.

Below are some of the UK’s top startups taking off in constructech.

Read next: UK greentech startups to watch

BUILT/
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BUILT/

BUILT/is a building supply startup based in Birmingham. It claims to have transformed the traditional building merchant model by digitising the customer experience with a mobile-optimised web store.

Founded in 2016, the CEO and founder Nick Thomas developed BUILT/ after noticing that the building supplies market had yet to undergo any digital transformation.

Core to the proposition is instant click and collect, saving builders valuable time at the merchants.

Read next: BUILT/ aims to disrupt construction sector by digitising sale of materials

SenSat
© SenSat

SenSat

London-based SenSat builds digital copies of physical environments, where artificial intelligence models can be released to help understand their paramaters and provide valuable feedback.

The one-line mission statement is: "To teach computers how to understand the physical world we all live in."

One of the company's early clients is a large UK construction company specialising in road-building projects.

"When they build a road they need to understand how much soil has been moved from A to B," cofounder James Dean explained. "The problem is measuring that in the physical world takes a lot of time. By digitising that we can start to analyse it as a machine-readable environment. So where it used to take them five days to measure 5km of road... we can give you an idea in two hours."

The team consists of everything from astrophysicists to its CTO, Alvin Chua, who holds a PhD in Condensed Matter Theory and a BSc (Hons) in Theoretical Physics from Imperial College London.

The company raised a seed round of £1.8 million, led by Swiss family office Pubal Consult and supported by various angel investors through the Coutts Investment Club.

Read next: What it's like to get investment through the super exclusive Coutts Investment Club

XYZ Reality
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XYZ Reality

XYZ Realityis a UK-based startup providing an augmented reality solution to reduce task times by up to 64 percent.

The startup, which was founded in 2017, offers building information modelling (BIM) to transform the way people work in construction by delivering a 3D view of a site, combined with augmented reality technology which promising to remove disputes and tolerance errors by up to 95 percent.

XYZ Reality has raised a total of £850,000 in Series A and seed round funding since 2017.

Keepsite
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Keepsite

Keepsiteis a software-as-a-service (SaaS) application for organisations delivering projects in architecture, engineering, construction and international development sectors.

The online project and portfolio management startup, which was founded in 2016, is built to break down project silos, reduce risks and simplify complex processes with a number of tools designed to drive collaboration and manage risks in real-time.

nPlan
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nPlan

nPlanuses machine learning technology to analyse construction schedules and determine where the biggest risks are, along with recommended improvements.

Founded in 2017, the technology is built to generate predictions based on user schedules. According to the startup, it guarantees ‘superhuman accuracy.’

nPlan was selected amongst Entrepreneur First’s ninth cohort in 2018.

MacRebur
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MacRebur

MacReburis a UK-based startup which uses waste plastics to create stronger and longer lasting roads.

It was founded in 2016 with MR 6, 8 and 10 patent pending products, which are made from 100 percent waste materials as a way to enhance asphalt for stronger and more efficient roads.

According to MacRebur, its products also enable the reduced usage of fossil fuel as a result of lowering the environmental impact of maintenance.

MacRebur were the winners of the 2016 Virgin Media Business Voom competition.

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