No code construction software startup erects $27.5 million Series A

A nine-year-old startup creating no code software platforms for the construction sector has raised $27.5 million in a Series A.

The round for Sitemate was led by Blackbird, supported by fellow existed investors Shearwater Capital and Marbruck. 

The cash will go to product and engineering as well as expanding its go-to-market presence and customer base globally. 

Sitemate began life as Dashpivot in 2015, cofounded by Hartley Pike and Sam McDonnell, before rebranding as Construction Cloud.

Two years later, they were selected for Startmate and went on to raise $1.3 million in 2018 as Sitemate. In November 2023, existing investors Blackbird and Artesian doubled down on the startup in a $7.5 million pre-Series A, led by Marbruck Investments.

Sitemate builds software platforms to streamline paperwork and processes in construction and subsequently branched out into the energy and mining sectors to help them digitise too. The flagship platform automates project delivery records and data flows.

Earlier this year Sitemate acquired fellow Startmate alumni Nomad in a $2 million deal. The business, which streamlines construction fleet management, was rebranded as Gearbelt.

The company’s headcount has doubled in the past year to 140, with putting boots on the ground in North America. Alongside offices in London, Vancouver and Toronto, they plan to open in Austin, Texas, in 2025. Its customer base is still predominantly in Australia.

Pike, the CEO, said Sitemate’s hypothesis is that built world companies require the flexibility and customisation options of the original no code legacy systems Microsoft Word and Excel.

“We see so many built world companies struggle to adopt and use clunky ‘all-in-one’ systems, which force many of them to move back to legacy formats like Word and Excel and even paper, because at least paper, Word and Excel are flexible and familiar,” he said.

“It’s working. We have incredibly strong product adoption, retention and word of mouth because of the flexibility and ease of use of our products.”

McDonnell, the VP of product strategy, said they don’t want to compete with general business or build ‘horizontal’ software tools.

“We are focusing solely on designing built world specific tooling and then plugging into the general business stack like Accounting softwares, CRMs and the Microsoft suite through seamless integrations” he said.