Munich, January 28, 2025 — Munich-based startup comstruct, which is driving digitalization in the construction industry, has closed a €12.5 million funding round. The round was led by the global venture capital firms GV and 20VC. In less than three years, comstruct grew from an idea in a student residence hall at the University of St. Gallen into a platform used on more than 13,000 construction sites across Europe.

The fresh capital will help comstruct advance its mission: to transform the construction industry by seamlessly connecting material suppliers and construction companies — and replacing inefficient, paper-based processes with automated workflows.

“Construction companies are drowning in administrative processes: mountains of delivery notes and entire rooms full of employees answering calls and documenting everything. I experienced this firsthand when I worked for one of the world’s largest concrete suppliers. At comstruct, we want to finally enable construction companies to focus on building again. Thanks to the recent developments in AI, now is the perfect time for that.” — Henric Meinhardt, CEO and Managing Director of comstruct

What comstruct does

comstruct integrates directly into material suppliers’ systems and structures orders, delivery notes, and invoice data. The delivery note module alone reduces processing time by more than 90%. As a result, an average construction company with 1,000 employees saves more than €500,000 per year and increases profitability by 20%. In addition to improving efficiency, structured data capture enables faster project delivery, less material waste, and more accurate cost calculation.

“High data quality is essential for us at HOCHTIEF. In particular, material data is often available in unstructured form due to differing supplier practices — manual entry is extremely time-consuming and frustrating. comstruct has fundamentally changed that by automating these processes while also taking our data quality to a new level.” — Maximilian von Wedel, Strategic Project Lead Procurement ESG & Digitalization at HOCHTIEF

Investor perspectives

“The founding team at comstruct impressed us with its deep understanding of the construction industry. They combine strong expertise in sales, product, and software development. They identified core challenges in a huge market and built a seamless solution to move the construction industry from manual processes to modern workflows.” — Luna Schmid, Partner at GV

“Henric is exceptional — we sent him a term sheet within just four days, and I flew to Munich without a change of clothes to win the deal. The construction industry is one of the largest industries that has barely been touched by AI so far. comstruct has the opportunity to fundamentally shape the entire construction industry.” — Paul Bonnet, General Partner at 20VC

Team & growth

comstruct’s 25-person team is made up of outstanding talent who previously worked at fast- growing companies such as FINN, Tacto, Celonis, and Westwing. With fresh capital, comstruct plans to continue expanding the team and hiring experienced professionals to achieve its ambitious growth goals. comstruct offers a dynamic, performance-oriented company culture with a meaningful equity program.

About the investors

Press contact

Sofya Durneva, Marketing Manager
sofya.durneva@comstruct.com