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{"id":28982,"date":"2023-04-11T22:20:56","date_gmt":"2023-04-11T22:20:56","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/04\/11\/graneet-raises-8-7-million-for-its-vertical-saas-for-construction-companies\/"},"modified":"2023-04-11T22:20:57","modified_gmt":"2023-04-11T22:20:57","slug":"graneet-raises-8-7-million-for-its-vertical-saas-for-construction-companies","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/04\/11\/graneet-raises-8-7-million-for-its-vertical-saas-for-construction-companies\/","title":{"rendered":"Graneet raises $8.7 million for its vertical SaaS for construction companies"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/04\/11\/graneet-raises-87-million-for-its-vertical-saas-for-construction-companies\/<\/a><\/br>
\nGraneet raises $8.7 million for its vertical SaaS for construction companies<\/br>
\n2023-04-11 22:20:56<\/br><\/p>\n

\n

French startup Graneet<\/a> is building an all-in-one software-as-a-service product focused on small construction companies. And it has grown quite a lot since I first covered<\/a> the company, as the company has tripled its revenue over the past six months.<\/p>\n

That\u2019s why the startup raised an \u20ac8 million Series A round ($8.7 million at today\u2019s exchange rate) with its two main investors leading the round once again \u2014 Point Nine<\/a> and Foundamental<\/a>. In fact, Graneet tells me that this is Point Nine\u2019s first lead investment in a Series A round. This is an interesting data point as Point Nine has a good track record<\/a> when it comes to B2B SaaS investments.<\/p>\n

Axeleo Capital, RAISE Sherpas\u2019 philanthropic vehicle Phiture and several business angels are also investing in Graneet, including Rodolphe Ardant from Spendesk, Nicolas Dessaigne who co-founded Algolia and JC Taunay-Bucalo at TravelPerk.<\/p>\n

Graneet is a vertical SaaS, meaning that the startup is building a product that is specifically designed to address the needs of an industry in particular. Due to the founder\u2019s background, Graneet is focusing on construction companies.<\/p>\n

And that\u2019s an interesting choice, as there\u2019s a long tail of small construction companies that don\u2019t necessarily have the right tools to track their projects, create quotes, manage team members and handle the relationship with subcontractors. So Graneet is building a sort of mini ERP for construction SMBs. Big construction companies aren\u2019t going to switch to Graneet, but it doesn\u2019t make sense to use a full-fledged ERP if you are just running a small company.<\/p>\n

As construction work usually takes several months, it can be hard to track margins at any point in time. Clients pay in multiple tranches and construction companies gradually spend money. Having a copilot like Graneet can improve the planning strategy of construction companies.<\/p>\n

\u201cWe have been iterating over the past 2 years with our clients and prospects to build a powerful, yet very simple-to-use solution. Graneet has now proven to be mature enough as a product to be able to accelerate its customer acquisition while we keep serving our customers better and better with more possibilities inside our product,\u201d co-founder and CEO Jean-Gabriel Niel said in a statement.<\/p>\n

In addition to acquiring more customers, there\u2019s a long roadmap ahead for Graneet. Once the platform is actively used by a bunch of construction companies, Graneet can offer additional services, such as financial products or deep integrations with third-party services. In other words, the startup has a shot at digitizing and industry that could benefit from modern software tools.<\/p>\n

\"The<\/p>\n

Image Credits:<\/strong> Graneet<\/p>\n<\/div><\/div>\n

<\/br><\/br><\/br><\/p>\n

Science, Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2023\/04\/11\/graneet-raises-87-million-for-its-vertical-saas-for-construction-companies\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/04\/11\/graneet-raises-87-million-for-its-vertical-saas-for-construction-companies\/ Graneet raises $8.7 million for its vertical SaaS for construction companies 2023-04-11 22:20:56 French startup Graneet is building an all-in-one software-as-a-service product focused on small construction companies. And it has grown quite a lot since I first covered the company, as the company has tripled its revenue over the past six months. That\u2019s why […]<\/p>\n","protected":false},"author":1,"featured_media":28983,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-28982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\nGraneet raises $8.7 million for its vertical SaaS for construction companies - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/04\/11\/graneet-raises-8-7-million-for-its-vertical-saas-for-construction-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Graneet raises $8.7 million for its vertical SaaS for construction companies - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/04\/11\/graneet-raises-87-million-for-its-vertical-saas-for-construction-companies\/ Graneet raises $8.7 million for its vertical SaaS for construction companies 2023-04-11 22:20:56 French startup Graneet is building an all-in-one software-as-a-service product focused on small construction companies. 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