{"id":8423,"date":"2020-11-30T00:00:00","date_gmt":"2020-11-29T13:00:00","guid":{"rendered":"https:\/\/bxglobal.wpengine.com\/au\/uncategorized\/buildxact-raises-6m-to-continue-expansion\/"},"modified":"2025-06-16T15:46:07","modified_gmt":"2025-06-16T05:46:07","slug":"buildxact-raises-6m-to-continue-expansion","status":"publish","type":"post","link":"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/","title":{"rendered":"Buildxact raises $6M to continue expansion"},"content":{"rendered":"

Investment will further accelerate growth in Buildxact\u2019s established markets in ANZ and North America<\/em><\/strong><\/p>\n

Melbourne, Australia:<\/strong> Construction tech company Buildxact has secured $6.0 million in new funds via an over-subscribed capital raise. The funds will enable Buildxact to further enhance its estimate and job management software platform for small residential builders, solidify its leadership position in the ANZ market, and boost its growing presence in the large North American market.<\/p>\n

The funds come via existing shareholders, including Aconex co-founders Rob Phillpot and Leigh Jasper, who continue to support the company\u2019s growth initiatives.<\/p>\n

Buildxact provides an easy-to-use estimating and job management software platform to thousands of small residential home builders and trades in Australia, New Zealand, the United States and Canada. Buildxact helps builders estimate jobs quickly and accurately, keep projects on track and manage financials on the go \u2013 all on a single system, helping them save time and increase profitability.<\/p>\n

Since March 2020, Buildxact\u2019s subscriber numbers have grown more than 140 per cent each month compared to same month 2019. In September 2020, the number of Buildxact subscribers grew by more than 200 per cent compared to September 2019.<\/p>\n

Buildxact CEO David Murray said, \u201cOur software platform has resonated strongly among small residential builders because of the ease of use and value it provides. The small builder has historically been underserved and to see Buildxact resonate consistently to these builders across our focus markets is very pleasing. As a result, we have decided to accelerate our investment in growing market share and into our product innovation.\u201d<\/p>\n

Funds raised will go towards establishing greater awareness of the Buildxact brand and building its appeal in the markets that the company currently operates in.<\/p>\n

\u201cOur customers and partners tell us we\u2019re the leader in Australia, but we anticipate that within the next few years, the company will drive more revenue internationally than locally,\u201d Mr Murray said.<\/p>\n

In the US, Buildxact initially focused on large state markets such as California and Texas but has received interest in its software platform from all over the US.<\/p>\n

The subscriber base that Buildxact has acquired in North America over the last year and a half (11 months in the US) took ANZ almost four and a half years to achieve. Also, on the current growth trajectory, North America is on track to achieve in less than three years the same subscriber base that Australia achieved in nine years.<\/p>\n

\u201cWhile still in the early phases of market launch (Canada: April 2019; US: December 2019), we are seeing great results, growing faster than we have in any other market,\u201d Mr Murray said.<\/p>\n

Buildxact is also experiencing very strong growth in Australia. The latest Residential Construction Activity Report July-September 2020<\/a> showed that Buildxact\u2019s subscriber numbers rose by 21 per cent in Q3. The data also shows that Buildxact\u2019s customers \u2013 small residential builders \u2013 continue to see strong demand amidst the COVID-19 pandemic.<\/p>\n

The $6 million capital raise, which follows Buildxact\u2019s successful $8.5 million capital raise in December 2019, attracted strong support from Buildxact\u2019s existing investors.<\/p>\n

\u201cCurrent investors saw the opportunities that Buildxact has in both ANZ and North America and have again supported the growth strategies of the company,\u201d Mr Murray said. \u201cWe didn\u2019t have to go to any new investors, and we were oversubscribed, which is fantastic endorsement of the company.\u201d<\/p>\n

Rob Phillpot commented, \u201cBuildxact is a great business targeting a part of the market that has been previously underserved. It\u2019s doing amazing things for the industry, and it\u2019s performing strongly.<\/p>\n

\u201cThis really shows that the Australian tech construction scene is one of the strongest in the world, and Buildxact is fast becoming one of the leaders.\u201d<\/p>\n

For further information, please contact:<\/strong><\/p>\n\n\n\n
Cristina Fletcher<\/p>\n

WE Communications<\/p>\n

cfletcher@we-worldwide.com<\/a><\/p>\n

Mobile: +61 (0) 481 353 692<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Buildxact has secured $6.0 million in new funds via an over-subscribed capital raise. The funds will enable Buildxact to further enhance its estimate and job management software platform for small residential builders, solidify its leadership position in the ANZ market, and boost its growing presence in the large North American market.<\/p>\n

Buildxact<\/span><\/a><\/div>\n","protected":false},"author":3,"featured_media":8217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[120],"tags":[116],"contributing_author":[],"class_list":["post-8423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-buildxact"],"acf":[],"yoast_head":"\nBuildxact raises $6M to continue expansion | Buildxact AU<\/title>\n<meta name=\"description\" content=\"Buildxact has secured $6.0 million in new funds, boost its growing presence in the large North American market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buildxact raises $6M to continue expansion\" \/>\n<meta property=\"og:description\" content=\"Buildxact has secured $6.0 million in new funds, boost its growing presence in the large North American market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/\" \/>\n<meta property=\"og:site_name\" content=\"Buildxact AU\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-29T13:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-16T05:46:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.buildxact.com\/au\/wp-content\/uploads\/sites\/10\/2022\/03\/Yj148_bq.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1365\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Buildxact raises $6M to continue expansion\",\"datePublished\":\"2020-11-29T13:00:00+00:00\",\"dateModified\":\"2025-06-16T05:46:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/\"},\"wordCount\":622,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.buildxact.com\/au\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.buildxact.com\/au\/wp-content\/uploads\/sites\/10\/2022\/03\/Yj148_bq.jpeg\",\"keywords\":[\"Buildxact\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/\",\"url\":\"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/\",\"name\":\"Buildxact raises $6M to continue expansion | Buildxact AU\",\"isPartOf\":{\"@id\":\"https:\/\/www.buildxact.com\/au\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.buildxact.com\/au\/wp-content\/uploads\/sites\/10\/2022\/03\/Yj148_bq.jpeg\",\"datePublished\":\"2020-11-29T13:00:00+00:00\",\"dateModified\":\"2025-06-16T05:46:07+00:00\",\"description\":\"Buildxact has secured $6.0 million in new funds, boost its growing presence in the large North American market.\",\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/#primaryimage\",\"url\":\"https:\/\/www.buildxact.com\/au\/wp-content\/uploads\/sites\/10\/2022\/03\/Yj148_bq.jpeg\",\"contentUrl\":\"https:\/\/www.buildxact.com\/au\/wp-content\/uploads\/sites\/10\/2022\/03\/Yj148_bq.jpeg\",\"width\":2048,\"height\":1365,\"caption\":\"A photo of David Murray\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.buildxact.com\/au\/#website\",\"url\":\"https:\/\/www.buildxact.com\/au\/\",\"name\":\"Buildxact AU\",\"description\":\"Estimating & Job Management Software\",\"publisher\":{\"@id\":\"https:\/\/www.buildxact.com\/au\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.buildxact.com\/au\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-AU\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.buildxact.com\/au\/#organization\",\"name\":\"Buildxact AU\",\"url\":\"https:\/\/www.buildxact.com\/au\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\/\/www.buildxact.com\/au\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.buildxact.com\/au\/wp-content\/uploads\/sites\/10\/2022\/01\/buildxact-logo.png\",\"contentUrl\":\"https:\/\/www.buildxact.com\/au\/wp-content\/uploads\/sites\/10\/2022\/01\/buildxact-logo.png\",\"width\":278,\"height\":68,\"caption\":\"Buildxact AU\"},\"image\":{\"@id\":\"https:\/\/www.buildxact.com\/au\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"\",\"url\":\"https:\/\/www.buildxact.com\/au\/author\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Buildxact raises $6M to continue expansion | Buildxact AU","description":"Buildxact has secured $6.0 million in new funds, boost its growing presence in the large North American market.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/","og_locale":"en_US","og_type":"article","og_title":"Buildxact raises $6M to continue expansion","og_description":"Buildxact has secured $6.0 million in new funds, boost its growing presence in the large North American market.","og_url":"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/","og_site_name":"Buildxact AU","article_published_time":"2020-11-29T13:00:00+00:00","article_modified_time":"2025-06-16T05:46:07+00:00","og_image":[{"width":2048,"height":1365,"url":"https:\/\/www.buildxact.com\/au\/wp-content\/uploads\/sites\/10\/2022\/03\/Yj148_bq.jpeg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/#article","isPartOf":{"@id":"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/"},"author":{"name":"","@id":""},"headline":"Buildxact raises $6M to continue expansion","datePublished":"2020-11-29T13:00:00+00:00","dateModified":"2025-06-16T05:46:07+00:00","mainEntityOfPage":{"@id":"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/"},"wordCount":622,"commentCount":0,"publisher":{"@id":"https:\/\/www.buildxact.com\/au\/#organization"},"image":{"@id":"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/#primaryimage"},"thumbnailUrl":"https:\/\/www.buildxact.com\/au\/wp-content\/uploads\/sites\/10\/2022\/03\/Yj148_bq.jpeg","keywords":["Buildxact"],"articleSection":["News"],"inLanguage":"en-AU","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/","url":"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/","name":"Buildxact raises $6M to continue expansion | Buildxact AU","isPartOf":{"@id":"https:\/\/www.buildxact.com\/au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/#primaryimage"},"image":{"@id":"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/#primaryimage"},"thumbnailUrl":"https:\/\/www.buildxact.com\/au\/wp-content\/uploads\/sites\/10\/2022\/03\/Yj148_bq.jpeg","datePublished":"2020-11-29T13:00:00+00:00","dateModified":"2025-06-16T05:46:07+00:00","description":"Buildxact has secured $6.0 million in new funds, boost its growing presence in the large North American market.","inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/"]}]},{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/www.buildxact.com\/au\/news\/buildxact-raises-6m-to-continue-expansion\/#primaryimage","url":"https:\/\/www.buildxact.com\/au\/wp-content\/uploads\/sites\/10\/2022\/03\/Yj148_bq.jpeg","contentUrl":"https:\/\/www.buildxact.com\/au\/wp-content\/uploads\/sites\/10\/2022\/03\/Yj148_bq.jpeg","width":2048,"height":1365,"caption":"A photo of David Murray"},{"@type":"WebSite","@id":"https:\/\/www.buildxact.com\/au\/#website","url":"https:\/\/www.buildxact.com\/au\/","name":"Buildxact AU","description":"Estimating & Job Management Software","publisher":{"@id":"https:\/\/www.buildxact.com\/au\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.buildxact.com\/au\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-AU"},{"@type":"Organization","@id":"https:\/\/www.buildxact.com\/au\/#organization","name":"Buildxact AU","url":"https:\/\/www.buildxact.com\/au\/","logo":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/www.buildxact.com\/au\/#\/schema\/logo\/image\/","url":"https:\/\/www.buildxact.com\/au\/wp-content\/uploads\/sites\/10\/2022\/01\/buildxact-logo.png","contentUrl":"https:\/\/www.buildxact.com\/au\/wp-content\/uploads\/sites\/10\/2022\/01\/buildxact-logo.png","width":278,"height":68,"caption":"Buildxact AU"},"image":{"@id":"https:\/\/www.buildxact.com\/au\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"","url":"https:\/\/www.buildxact.com\/au\/author\/"}]}},"_links":{"self":[{"href":"https:\/\/www.buildxact.com\/au\/wp-json\/wp\/v2\/posts\/8423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buildxact.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buildxact.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buildxact.com\/au\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buildxact.com\/au\/wp-json\/wp\/v2\/comments?post=8423"}],"version-history":[{"count":0,"href":"https:\/\/www.buildxact.com\/au\/wp-json\/wp\/v2\/posts\/8423\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buildxact.com\/au\/wp-json\/wp\/v2\/media\/8217"}],"wp:attachment":[{"href":"https:\/\/www.buildxact.com\/au\/wp-json\/wp\/v2\/media?parent=8423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buildxact.com\/au\/wp-json\/wp\/v2\/categories?post=8423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buildxact.com\/au\/wp-json\/wp\/v2\/tags?post=8423"},{"taxonomy":"contributing_author","embeddable":true,"href":"https:\/\/www.buildxact.com\/au\/wp-json\/wp\/v2\/contributing_author?post=8423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}