4 SaaS Startups in the Building Maintenance Industry

January 24, 2023

SaaS startups have become the darling of Venture Capital investors, especially in the Building Maintenance industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 4 VC funded SaaS startups in the Building Maintenance industry.

Cohesion

An information technology business called Cohesion provides a vertically integrated SaaS platform for smart buildings. Due to the seamless integration of all building systems, workflows, and people into one intelligent building platform, it enables real estate owners to optimize asset and portfolio value. The connection gives building operators a single, unified platform to manage and enhance automation, tenant experience, smart building operations, and building health and security. The most actionable information available on the market are offered by Cohesion's platform, allowing owners to save expenses, improve tenant satisfaction, and boost operational transparency.

Company details:
Founders:
Nik Patel, Thru Shivakumar
Founded:
2018
Based in:
Chicago, Illinois, United States
Website:
Cohesion
Industries:
Building Maintenance, Internet of Things, SaaS, Software
Latest funding:
$15,000,000
Series A
17 November 2021
Total funding:
$23,500,000
Investors
Frasers Property, Morgan Stanley, Hyde Park Angels, Michael Sacks, CMT Capital Markets Trading

Freighttrain

A suite of tools are provided by FreightTrain, a construction management and facility activation software, to promote teamwork and workflow over the course of a project. For the administration and tracking of small to large-scale construction projects in a variety of industries, including healthcare, commercial, industrial, and hospitality, FreightTrain has created a suite of online construction management and activation solutions. Some of the biggest American hospital systems, general contractors, and architectural companies are among their clientele. Modern software from FreightTrain, which is currently offered as a Software as a Service (SaaS), has been deployed on projects with a combined value of more than $30 billion.

Company details:
Founders:
William Clemenson
Founded:
2002
Based in:
Emeryville, California, United States
Website:
Freighttrain
Industries:
Building Maintenance, Construction, Real Estate, SaaS, Software
Latest funding:
$2,000,000
Series A
15 June 2021
Total funding:
$2,000,000
Investors
Golden Section, Paolo Boero

Frontu (formerly Tasker)

A versatile and efficient tool for managing activities, procedures, and staff is Frontu. It connects your office employees with your field service representatives in real time and is designed for companies with mobile workforces. Your field service professional uses a customized app on his Android device, and your office employee handles the process through the online portal.

Company details:
Founders:
Arunas Eitutis, Paulius Lazauskas
Founded:
2014
Based in:
Kaunas, Kauno Apskritis, Lithuania
Industries:
AgTech, Building Maintenance, Facility Management, SaaS, Security, Service Industry, Software
Latest funding:
$646,407
Seed
24 August 2021
Total funding:
$2,523,901
Investors
LT Capital, iTo, Open Circle Capital, Kair Käsper, Tele2

ToolSense

ToolSense is on a mission to increase the efficiency, productivity & sustainability of the asset-intensive companies that make up the backbone of our global economy. Our ToolSense Asset Operations Platform captures data from our IoT devices and digitizes all processes around the asset - which makes it easy for asset-intensive companies to act on data insights and ensure full workflow digitization & business process automation. By using ToolSense our customers realize cost savings, improve compliance and automate processes - so that they can concentrate on their actual job: enabling our daily lives and economic growth.

Company details:
Founders:
Alexander Manafi, Benjamin Petterle, Rostyslav Yavorskyi
Founded:
2017
Based in:
Vienna, Wien, Austria
Website:
ToolSense
Industries:
AgTech, Analytics, Building Maintenance, Cloud Computing, Field Support, Information Technology, Property Management, SaaS
Latest funding:
$8,433,889
Series A
12 December 2022
Total funding:
$11,968,158
Investors
PwC, btov Partners, aws Gründerfonds (aws Founders Fund), Matterwave Ventures, Sander van de Rijdt

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