Plancraft has successfully raised €38 million in Series B funding led by Headline, aimed at enhancing AI capabilities for construction businesses amid significant industry challenges.

Information on the Target

plancraft, a Hamburg-based SaaS company dedicated to supporting construction businesses in their digital transformation, has successfully closed a Series B financing round amounting to €38 million. The round was led by Headline, a prominent global venture capital firm, with participation from existing investors including Creandum, HTGF, and xdeck. This new investment brings the total funding received by plancraft to over €50 million.

With more than 20,000 customers across 11 countries, plancraft is focused on revolutionizing the management practices within the construction sector. The company aims to enhance its AI-first software and expand its team to address the growing demands for efficient solutions in the industry.

Industry Overview in Germany

Germany’s construction industry is currently facing significant challenges, including a critical shortage of skilled labor and stringent climate targets necessitating extensive building renovations. The sector is under pressure to deliver more efficient and innov