Teamoty, a proptech company that specializes in optimizing the supply chain for construction projects, has raised €3 million in funding from LBO France, Rise PropTech fund, and BTP Capital Investissement. The company has developed a suite of software to digitize the logistics of construction sites, enabling professionals in the industry to better control costs, manage deadlines, improve productivity and performance, and reduce the environmental impact of CO2-emitting sites. Teamoty's approach, based on the lean construction methodology, has already convinced more than 100 BTP companies, such as Bouygues Construction, Spie Batignolles, Vinci, and the BPC Group.
Founded in 2018 by Fabien Font, Peter Rapp, Nicolas Baudard, Olivier Lemettais, and Adrien Pourret, Teamoty aims to rebuild the digitization of BTP construction sites, which have traditionally been slow to adopt new technology. With this new funding, Teamoty will accelerate its commercial development in Europe and continue to evolve its software suite.
LBO France, a leading French private equity firm with over €6 billion in assets under management, led the funding round alongside Rise PropTech fund, a European venture capital firm that invests in proptech startups, and BTP Capital Investissement, a French investment fund specializing in the construction industry.
Bouygues Construction, one of Teamoty's clients, is a global construction and engineering company with operations in over 80 countries. Spie Batignolles is a French construction and civil engineering company, while Vinci is a French engineering and construction company. The BPC Group is a Belgian construction company that specializes in commercial, residential, and public works projects.
Teamoty's software suite aims to streamline the construction process and improve productivity, while also reducing the environmental impact of construction sites. With this new funding, the company is poised to expand its reach and continue to drive innovation in the construction industry.