Another Aconex co-founder has backed a Melbourne builder software startup’s $6 million raise

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Another Aconex co-founder has backed a Melbourne builder software startup’s $6 million raise

Simon Thomsen - November 30, 2020 < 1 MIN READ

Leigh Jasper with Buildxact CEO David Murray

Aconex co-founder Rob Phillpot has backed Melbourne-based builder software company Buildxact in a $6 million raise, 12 months after his fellow co-founder became an investor in the nine-year-old startup. Jasper returned to back the latest round.

Buildxact creates software for residential builders for estimating and job management. The cloud platform streamlines the building process from preparing quotes and costings to purchasing, scheduling, project management and invoicing. It also integrates with other SaaS software such as Xero, MYOB and Quickbooks.

Last December, fellow Aconex co-founder Leigh Jasper led an $8.5 million round that also included Perennial Investment Partners, SFO Ventures and Salta Capital and saw Jasper join the board and take an advisory position as Director of Innovation.

The company used those funds to expand into the USA, but put plans to launch in the UK on hold. It also operates in Canada and New Zealand, as well as Australia.

Simon Thomsen

Simon has been editor of Startup Daily since 2019.

He hosted the Startup Daily show on streaming service ausbiz.com.au from 2020 to 2023.

He was previously associate editor of Business Insider Australia, a national restaurant critic, editor of The Good Food Guide, and newspaper proprietor during a 30-year career in journalism and publishing.

He's also an investor in early stage startups.

Simon chaired the environment committee of industry lobby group Australian Business Ltd's (now NSW Business Chamber) during the Kyoto agreement era, debating cow farts with mining execs.