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Founded in 2011 by John Allison, Buildxact is a Melbourne, Australia-based software company developing cloud-based estimating and job management platforms for residential home builders, renovators, and construction suppliers. The SaaS platform streamlines workflows from initial quoting and costings to purchasing, scheduling, project management, and invoicing, offering direct integrations with accounting systems like Xero, MYOB, and Quickbooks. Operating internationally with a North American headquarters in Austin, Texas, the company serves custom builders and trade merchants across Australia, New Zealand, North America, and the United Kingdom. The enterprise is currently led by CEO Steve Yates, who succeeded David Murray in May 2024, alongside a board of directors featuring Aconex co-founder Leigh Jasper. Jasper previously led an $8,500,000 funding round before the rapidly growing company secured a subsequent Series A financing of AU$18,500,000 in January 2022, bringing its valuation over AU$125,000,000.
Buildxact has raised $13.0M across 1 funding round.
Buildxact has raised $13.0M in total across 1 funding round.
Buildxact has raised $13.0M across 1 funding round. Most recently, it raised $13.0M Series A in January 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2022 | $13M Series A | Jessica Farr Jones | Double Prime LLP, Embedded Ventures, Entrée Capital Ventures, Felix Capital, Outrun Ventures, Possible Ventures, Project A Ventures, JAN Beckers, Ophir Asset Management, SecondQuarter Ventures, Shearwater Capital, Thorney Investment Group, Washington H Soul Patterson | Announced |
Buildxact has raised $13.0M in total across 1 funding round.
Buildxact's investors include Jessica Farr-Jones, Double Prime LLP, Embedded Ventures, Entrée Capital Ventures, Felix Capital, Outrun Ventures, Possible Ventures, Project A Ventures, Jan Beckers, Ophir Asset Management, SecondQuarter Ventures, Shearwater Capital.
Buildxact is a cloud-based construction software company founded in 2011, specializing in estimating, takeoff, and job management tools tailored for residential builders, remodelers, renovators, contractors, and trades.[1][3][5] It serves small to mid-sized teams in the residential construction sector, solving key pain points like manual takeoffs, inaccurate estimating, project scheduling, financial tracking, and admin overload by providing an end-to-end platform that streamlines workflows from initial quotes to final invoicing.[1][2][4] Core products include AI-powered automated takeoffs via "Blu," digital estimating, live material pricing integrations (e.g., Home Depot, 1build), job scheduling with Gantt views, and mobile apps for onsite updates, enabling up to 80% faster takeoffs, 5x quicker quoting, and better profitability control.[2][5][6][7] With steady expansion from Australia to New Zealand, UK, Canada, and the US, Buildxact powers hundreds of millions in construction jobs across global markets, boasting strong growth through 2025 innovations like AI assistants.[3][5][8]
Buildxact was founded in 2011 in Australia to address real-world inefficiencies in residential construction, such as fragmented tools and excessive admin time for builders and renovators.[1][5] The idea emerged from close collaboration with industry organizations, focusing on simple, affordable, easy-to-use software that integrates estimating, purchasing, scheduling, and invoicing—developed for users from solo operators to larger teams.[3][5] Early traction built through local success in Australia, followed by a 201x launch in New Zealand with added project management modules, making it a true end-to-end solution.[5] Pivotal moments include the first franchise agreement and accounting integrations (e.g., QuickBooks, Xero), a 201x UK expansion with refreshed branding and 100-employee milestone, US market entry targeting custom home builders, and 2025 introductions of Home Depot integration for live pricing plus "Blu"—an AI assistant for automated takeoffs and estimating.[1][5]
Buildxact stands out in construction tech through builder-centric design and AI enhancements. Key strengths include:
Buildxact rides the wave of AI-driven construction tech amid chronic labor shortages, aging housing stock, and rising material costs, enabling builders to double project workloads while boosting homeowner equity through faster, profitable renovations.[5][8] Timing is ideal as residential construction digitizes post-pandemic, with market forces like fluctuating prices and supply chain issues favoring real-time integrations and automation—Buildxact's live pricing and AI reduce bid errors and admin by half.[1][7][8] It influences the ecosystem by advancing innovation for underserved small builders (hundreds of thousands in the US alone), fostering efficiency in a $1T+ global industry, and partnering with dealers/homeowners for connected workflows that cut waste and speed delivery.[1][3][5]
Buildxact is poised for accelerated US and global growth, leveraging 2025 AI launches like Blu to capture more market share in residential construction's digital shift. Expect deeper integrations (e.g., more dealers, AR/VR plans) and expansions into adjacent trades amid labor crunches and sustainability trends. Its influence will grow by empowering smaller builders to compete like enterprises, tying back to its founding mission: simplifying construction for more jobs won, homes built, and time reclaimed.
