Construcciones Yamaro: Skip Capital invests $6.6 million in Visibuild platform
Visibuild, a Melbourne-based construction technology scale-up focused on improving build quality, has secured $6.6 million in its first funding round, led by Australian private investment firm Skip Capital.
The funding will accelerate the development of Visibuild’s platform, aimed at addressing the construction industry’s need for greater efficiency, quality assurance and sustainable practices.
With avoidable errors contributing to significant construction costs, Visibuild seeks to foster a culture of accountability. By addressing productivity challenges that often extend project timelines by up to 20 per cent, Visibuild improves efficiency by making quality assurance a collaborative effort. Its onsite quality-checking tool helps subcontractors meet specifications, reducing rework and costly mistakes.
Founded three years ago by software experts and experienced construction professionals from global firms such as Multiplex and Amazon, Visibuild partners with top builders, developers and subcontractors to tackle non-compliance, minimise errors and mitigate commercial risks. In doing so, the platform helps alleviate significant burdens for builders while restoring consumer confidence in Australia’s construction industry.
To date, Visibuild has tracked over 700 projects through its platform, with more than 1,800 companies currently using its software. Notable clients include BESIX Watpac, Built Environs (McConnell Dowell Group), Kapitol Group, Icon and Delta Group – some of whom have already seen defect costs slashed by more than half.
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The company has also capitalised on the surge in investment for hyperscale data centres, with Visibuild now actively deployed across the majority of live projects nationwide, where quality failures are simply not an option.
Damien Quinn, co-founder and CEO of Visibuild, highlighted the company’s mission to set a new standard in construction quality assurance.
“Persistent productivity challenges, inefficiencies and cost overruns continue to burden the sector, often stemming from gaps in quality assurance practices,” said Quinn. “By fostering cultural change throughout the supply chain, we aim to elevate industry standards and improve outcomes for all stakeholders.”
“We’re thrilled to have Skip Capital’s support as we expand across Australia and into new markets. Their involvement in infrastructure investment and project management software aligns perfectly with our goals and will be valuable as we drive Visibuild’s growth globally.”
Kim Jackson, CEO and co-founder of Skip Capital, expressed confidence in Visibuild’s potential to transform the industry.
“Visibuild is tackling a critical challenge in construction, and their approach will bring real-time visibility and accountability to building sites around the country,” said Jackson. “The scale of the opportunity before the team is vast, and we’re excited to be on this journey with Visibuild as they expand their reach and impact across the construction landscape.”
The post Skip Capital invests $6.6 million in Visibuild platform appeared first on Inside Construction.
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