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Constrafor, a construction procurement company, goes ‘SAFE’ route with new capital

TechCrunch

More construction projects are being started, but payments to contractors and their subcontractors continue to cause a bottleneck in the normal course of completing a project. Constrafor grabs $106M in equity, credit to finance construction subcontractors The company raised $106.3

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With $36 million Series C, Brazil’s Ambar hopes to make civil construction more efficient

TechCrunch

Brazilian construction tech startup Ambar announced it has raised a large Series C round: R$204 million, approximately $36 million at today’s mid-market rate. The round was co-led by Brazil-based Echo Capital and Oria Capital , with participation from TPG Capital , Argonautic Ventures , and others.

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TechCrunch+ roundup: Construction tech survey, founder-CEO friction, diversify your cap table

TechCrunch

The technological advances we’ve made over the last few thousand years are stunning, but the construction industry still relies on centuries-old technology. Even so, investors are backing startups bringing robotics, data management, automation and augmented reality into the construction process. Heinrich Gröller, partner, Speedinvest.

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NJEDA Board Approves Program to Expand Access to Capital for Emerging Developers

American Entrepreneurship

The Emerging Developer Fund will help developers gain access to capital and build additional capacity to expand their existing portfolio. Access to capital for small-scale developers in the real estate development industry continues to be a challenge. Costs associated with purchase of property or construction are not eligible.

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Indonesian Startup Stilt Studios Secures $10M Series A Funding for Modular Homes

AsiaTechDaily

This financing round was led by Christian Hymer, who hails from the family that founded Hymer, a prominent German motorhome manufacturer. Based in Bali, Indonesia , Stilt Studios specializes in creating sustainable and modular homes. The injection of capital will fuel the startup’s expansion across international markets.

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NJEDA Awards First $2M under Angel Match Program to Support Early-Stage Technology Companies

American Entrepreneurship

Under the Angel Match Program, the NJEDA is the first entity to commit capital to a technology company, leading to other investors who provide matching funds. This fuels the growth for the product-based technology company by increasing the pool of available capital. Princeton Identity Holding Company, Inc.

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Andreessen Horowitz backs Synonym’s bio-manufacturing facilities

TechCrunch

million in new pre-seed capital, Synonym Biotechnologies has begun the development phase for its first productized bio-manufacturing facilities for non-pharmaceutical applications. We plan to use the capital to catalyze our facility development efforts,” CEO Shenderovich said. Armed with $6.3 The company is also channeling the U.S.