Concrew Inc., which provides the all-in-one business management cloud service “Concrew Cloud” for small construction companies, has raised a total of 170 million yen through a third-party allotment of new shares in its pre-series A round, with One Capital, XTech Ventures, and others as underwriters. With this latest round of funding, the total amount raised will be approximately 220 million yen.
In the construction industry, the number of bankruptcies in 2024 is expected to reach a 10-year high of 1,890, of which 92.2% were small construction companies with fewer than 10 employees.
Compared to other industries, the Japanese construction industry is facing a severe labor shortage and aging population, and the resulting rise in labor costs. Improving business efficiency and productivity through digital transformation has become an urgent management issue, particularly for small construction companies, where many analog business processes still rely on paper and Excel.
Also Read: Hitachi Solutions unveils AI-based DDoS defense tool
Our vision is to “make small construction companies the world’s leading companies.” To support small construction companies facing these challenges, we offer “Concrew Cloud,” an AI-powered all-in-one business management cloud that enables even a small number of on-site staff to complete all construction work in one go.
This completely eliminates the need for duplicate management and transcription in all business operations, including customer management, quotation creation, cost management, ordering, photo/drawing management, process management, and partner management. Furthermore, by replacing analog clerical work with AI, business efficiency and productivity are dramatically improved.
SOURCE: PRTimes

