[Funding Alert] Building design startup Snaptrude raises $6.6M from Accel, Foundamental VC, others

Altaf Ganihar

New York-based building design startup Snaptrude has raised $6.6 million in seed funding to launch its web-based collaborative building design platform. 

The round was led by Accel and Foundamental VC, with participation from Possible Ventures, Clark Valberg (Founder, Invision), RFC, CapitalX, Thilo Konzok (Co-Founder, Home) and many other industry angels.

Snaptrude was founded in 2017 by Altaf Ganihar and has previously raised $1.2 million in pre-seed funding from Accel and other industry angels.

Altaf Ganihar, Founder and CEO of Snaptrude, said, “Snaptrude is on a mission to make building design more collaborative and solve the challenges facing the architecture, engineering and construction (AEC) industry today. In doing so, we want to become the ‘Figma’ for building design, instantly providing users with the right data for important decisions such as climate impact, compliance and budget.”

Altaf added, “At Snaptrude, we strongly believe that our approach of being a collaborative web tool gives us the unique advantage of being at the forefront of a fileless ecosystem for the future of the construction industry. Snaptrude’s big vision is to be a modern operating system for the construction industry to drive a better, more efficient and sustainable built environment faster.” 

Shubhankar Bhattacharya, General Partner at Foundamental VC, said, “Online collaboration tools have proven to be a must for businesses and professionals in today’s environment, and 3D design is no different. Snaptrude’s progressive collaborative design toolset serves this vital need and in the process revolutionizes workflows in the AEC industry worldwide.”

According to the official version, the product is active and allows real-time collaboration of multiple users to design buildings in 3D. It claims to generate real-time feedback on building costs, compliance and climate studies to help drive more informed design decisions. 

Using the platform, users can track the impact of small design changes as they go; increase the size of the room and you can immediately see the impact on the budget, local compliance or even climate impact.

Snaptrude claims to have more than 6,000 users in more than 30 countries and counts companies like WeWork among its customers. According to Prashanth Prakash, partner at Accel, the AEC industry is currently held back by outdated software systems and has not undergone the modern disruption of the cloud. Snaptrude changes the game – enabling real collaboration and access to real data in a huge global market.

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