Pillar, an Italian fintech startup, raised €3.2 million in a record Pre-Seed round to digitize financial management in the construction industry.

Information on the Target

Pillar is an innovative Italian startup dedicated to digitizing the financial management of construction companies. It has successfully closed a Pre-Seed funding round of €3.2 million, marking the largest round ever recorded in Italy's construction tech sector. The funding round was spearheaded by Emblem, a French fund that specializes in Pre-Seed investments, and has backed numerous global scale-ups like Lovable. Participation also came from various international VCs such as Pareto (USA), Plug and Play, and Kima Ventures (France), as well as significant Italian VCs like B Heroes, Vento, Eden Ventures, and IAG. Notable entrepreneurs from both the international and national tech landscape also joined the round, including founders from companies like Aria and Mobile First Company, as well as prominent business angels like Paola Bonomo and Ignazio Rocco Da Torrepadula.

Pillar offers a unique software solution that enables construction firms to accurately track financial flows and monitor revenues, expenses, and margins in real time—both at the company level and per project site. The platform is intuitive and leverages artificial intelligence to automate checks, reconcile bank transactions, and detect anomalies before they escalate into significant problems.

Industry Overview in Italy

The construction industry is a cornerstone of the Italian economy, representing 11.4% of the national GDP in 2023 and accounting for approximately one-third of GDP growth over the last two years, according to the Bank of Italy's Annual Repo