PlanRadar secured a $70 million Series B round co-led by Insight Partners and Quadrille Capital.

PlanRadar, a Vienna, Austria-based SaaS developer of for documentation and communication solutions for construction and real estate projects, announced the completion of series B equity funding round, closed at $70 million.

The money was raised from investors co-led by Insight Partners and Quadrille Capital, joined by existing investors including Headline, Berliner Volksbank Ventures, aws Gründerfonds, and Cavalry Ventures, as well as by new investors Proptech1, Russmedia and GR Capital.

Proceeds will be used to augment R&D resources as well as for plans to open new offices in the US, Australia, the Gulf Cooperation Council (GCC), Southeast Asia, and Latin America.

PlanRadar, founded in 2013 by Clemens Hammerl, Constantin Köck, Domagoj Dolinsek, CEO Ibrahim Imam and Sander van de Rijdt, developed a SAAS platform used for documentation and communication in construction and real estate projects. The company says it handlees business for a customer base of 14,500 customers in over 60 countries. It has launched 10 new markets across Europe and Russia since 2020, with offices in Vienna, London, Amsterdam, Moscow, Paris, Madrid, Milan, Zagreb, Warsaw, and Bucharest.

PlanRadar previously raised €30 million in a round led by Insight Partners in 2020.