AAA Aproplan and GenieBelt merge to build new company

Aproplan and GenieBelt merge to build new company

Aproplan, a Belgium-based construction management app developer backed by property developer Matexi, has merged with GenieBelt, a Denmark-based construction data storage and sharing platform backed by energy system provider Danish Solar.

The unified company, LetsBuild, is being buoyed by an undisclosed amount of funding from investors including industrial equipment supplier Solar and Inventures, a subsidiary of association management and services firm SmithBucklin, according to TechEU.

Venture capital firm Enern, growth equity firm Fortino and seed-stage investor Nordic Makers also took part in the round.

The combined LetsBuild will operate a digital platform intended to improve communication and organisation on construction sites by unifying processes such as progress reporting, on-site planning, scheduling and auditing in a single place.

The software will also enable users to visualise drawings on site using mobile devices, track contract-compliance checklists, manage project data and conduct standardised inspections.

Aproplan raised $5.6m in a June 2017 series A round led by Fortino Capital that also featured Matexi, Inventures and the co-founders of sales enablement platform Showpad. GenieBelt had received $2.2m in a 2016 round led by Danish Solar.

Aproplan CEO Thomas Goubau, who will be chief commercial officer of LetsBuild, said:  “We could have decided to just cooperate and integrate features from each other. But since our products complement each other extremely well and our companies have shared values, we felt this was an unmissable opportunity.”

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