Building Radar in a funding round led by BayBG

Building Radar, a Munich, Germany-based software developer for the construction industry, announced that it completed a capital funding round.

The money was raised from backers led by the German VC BayBG, joined by existing investors Picus Capital, coparion, Proptech 1 and Signa Innovations.

Building Radar, founded in 2014 by Paul Indinger, Leopold Neuerburg and Raoul Friedrich, developed a SAAS for for construction projects providing detailed information on construction projects and the companies involved. The company says its tool recognizes 5,000 new construction projects from over 100,000 different sources worldwide and is in use by 120 customers - including large companies such as Linde, Schüco, Viessmann and Vorwerk.