Construction tech startup MSUITE completes $4 million seed funding round

MSUITE, a Cedar Rapids-based construction tech startup, has completed a $4 million seed funding round.

The round was led by Next Level Ventures and Stanley Ventures, with participation from technology firm U.S. CAD. 

The new capital will help scale up all areas of the company and accelerate the development of MSUITE’s cloud-based platform.  

Founded in 2015, MSUITE was created to make tracking, managing, and sharing construction data easier and more accurate. The company has created a cloud-based suite of management software tools that connects construction teams, allowing them to receive real-time status updates, and valuable tracking and estimating information.

“Through our new partnership with our investors, MSUITE is well-positioned to continue triple-digit growth and enhance our technology to meet the demands of MEP Contractors and Modular Builders worldwide,” said Britton Langdon, President of MSUITE in an announcement.

“We are thrilled to partner with MSUITE and share its mission to revolutionize the construction industry with groundbreaking cloud-based data-sharing and communication technology,” said Scott Hoekman, Principal at Next Level Ventures.

Previous coverage

Next Level Ventures continues to invest in Iowa’s growth as it opens second fund -Sept. 19, 2018