CheckToBuild Secures $1.3 Million in Funding to Drive Growth and Global Expansion
CheckToBuild, a Miami-based startup originally from Spain, has successfully raised $1.3 million in a funding round led by the Kulldorff family office in Switzerland. Notable participants include Fides Capital, Brain VC, Capacity VC, and Beresford Ventures from Delray Beach.
Co-founder and CEO Alejandro Ruiz Lara shared insights into the challenging 15-month fundraising journey, involving over 100 conversations. Despite the current macroeconomic climate, Ruiz Lara emphasized that opportunities exist for companies dedicated to delivering genuine and substantial value to their customers.
The startup surpassed its initial fundraising target of $1 million by securing an additional $300,000, signaling a positive trajectory for CheckToBuild. Ruiz Lara believes this marks just the beginning of something significant for the construction industry.
CheckToBuild focuses on enhancing the efficiency, transparency, and sustainability of construction processes. Their technology enables global constructors to automate quality control, progress tracking, and weekly measurements through automatic comparisons of architectural models and construction videos. This approach facilitates near real-time decision-making and aims to minimize concrete waste through early error detection.
With the newly secured funds, CheckToBuild plans to undertake over a dozen projects with major construction firms and expand internationally into the Middle East and Southeast Asia by 2025. Currently operating in Spain and the United States, the startup entered the American real estate market through a strategic partnership with Moss Construction. Additionally, it maintains a strategic presence in Latin America, serving clients in Chile, Mexico, and Peru.
Founded in May 2020, CheckToBuild relocated to Miami in March 2022. After a $200,000 pre-seed round in 2021, the company raised approximately half a million dollars upon moving stateside and an additional half million since launching its platform. The startup has already taken on more than 30 projects.
Ruiz Lara explained the choice of Miami over Silicon Valley, citing the city’s multicultural environment and its blend of American business opportunities with a Latin American lifestyle.
Brain VC Managing Partner Clara Gutiérrez expressed enthusiasm for CheckToBuild, noting the innovative solutions the startup provides for key challenges in the construction industry. Gutiérrez emphasized the tangible benefits CheckToBuild offers, including cost reduction, shorter execution times, and lower concrete emissions.
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