Kraaft Secures €13 Million to Revolutionize Construction Communication

Paris-based tech startup Kraaft has raised €13 million in a Series A funding round to advance its AI-driven collaboration platform aimed at streamlining communication and operations within the construction sector. The funding, led by Dawn Capital, will support the company’s product development and its planned expansion into major markets such as the United Kingdom and Germany.

Kraaft Secures €13 Million to Revolutionize Construction Communication
Kraaft Secures €13 Million to Revolutionize Construction Communication

Paris-based tech startup Kraaft has raised €13 million in a Series A funding round to advance its AI-driven collaboration platform aimed at streamlining communication and operations within the construction sector. The funding, led by Dawn Capital, will support the company’s product development and its planned expansion into major markets such as the United Kingdom and Germany.

The investment round also saw participation from Brick & Mortar Ventures, Chalfen Ventures, Stride VC, and OSS Ventures, highlighting the industry’s confidence in the startup’s potential to address long-standing inefficiencies in construction workflows. Co-founder and CEO Thomas Reygagne remarked, “Our rapid growth demonstrates the appetite for a platform that bridges the gap between field and office. With this funding, we’re set to redefine how construction teams collaborate globally.”

Kraaft has raised €13 million in a Series A funding round

Founded in 2020 by Marc Negre, Cedric Boidin, and Thomas Reygagne, Kraaft offers an intuitive platform designed to enhance real-time communication and collaboration between construction site teams and office staff. Key features include photo geolocation, document management, and AI-powered workflow automation. The platform’s user-friendly interface is inspired by messaging apps like WhatsApp, enabling seamless adoption without the need for extensive training.

Despite the construction industry generating a global output of €12.5 trillion in 2023, its digital transformation has lagged behind other sectors. IT spending in construction averages only 1–2% of revenue, compared to 3–5% in other industries. By providing an accessible and effective communication tool, Kraaft aims to close this gap and improve productivity across the sector.

Since its €3.2 million seed round in 2023, Kraaft has tripled its user base, now serving over 1,000 companies and facilitating more than one million messages each month. Available in English, Spanish, German, Italian, and French, the platform has secured agreements with leading European construction firms, including SAUR, NGE, SPIE CityNetworks, Ramery, Serfim, Sade, and Gagneraud.

“Despite giant machines and space age materials, construction is powered by people,” said Norman Fiore, co-founder and general partner at Dawn Capital. “So success in construction means success in making working lives easier. And we believe Thomas, Marc and Cedric have built the right, powerful solution.”

To ensure accessibility across all business sizes, Kraaft offers a free plan tailored for small companies. Its platform has demonstrated tangible benefits, including a 15% improvement in managing change orders, which directly contributes to better project margins.

Looking ahead, the company plans to introduce new features by 2025, such as planning tools, timesheets, and API integrations with platforms like Procore. These enhancements, alongside AI-driven automation tools, aim to further boost productivity and operational efficiency in construction projects.

Co-founder and Chief Product Officer Marc Negre emphasized the platform’s usability, stating, “Whenever foremen praise the app as the easiest to use on the App Store, our team is delighted. We’re incredibly excited for what this next stage of growth means for our users.”

Kraaft initially gained traction during the COVID-19 pandemic, when workers in France adopted the app to enhance field operations. This early success laid the foundation for its broader adoption and the company’s commitment to driving innovation in the construction industry.