Endra has raised $20 million in seed funding to revolutionize the construction industry with its AI-powered platform, addressing urgent demands for efficiency and sustainability amidst a global construction supercycle.

Target Overview

Endra is an innovative technology company specializing in enhancing the construction industry through its AI-driven platform. The firm recently secured $20 million in seed funding, led by Notion Capital, with significant participation from Norrsken VC. This investment comes just six months after Endra's pre-seed round, underlining the rapid momentum the company has experienced since its inception. Since launching in August, Endra has attracted over 600 companies on its waitlist across more than 90 countries, indicating a strong demand for sustainable and efficient infrastructure solutions.

Industry Overview

The global construction industry finds itself in the midst of a supercycle, necessitating a 40% increase in construction output by 2030 and an expected 70% growth by 2040. Moreover, the rise in floor area is projected to reach 75% by 2050, creating an urgent need for both new constructions and retrofitting existing structures to meet zero-carbon standards. Each year, around 21 million new homes must be constructed to keep pace with population growth and urbanization.

Simultaneously, the digital infrastructure required to support this growth is advancing even faster, with data-centre capacity predicted to triple within this decade. However, the construction sector's current sys