Nemetschek Group strengthens its ConTech innovation with new investment in SmartPM platform

This investment is a continuation of the collaboration with SmartPM. Last year, the Nemetschek Group had already announced a first investment.

« What interests us about SmartPM is how the software helps Site Managers and their teams solve operational problems by helping them understand the causes and possible solutions to planning challenges. This simple and easy-to-adopt solution adds considerable value without changing established planning processes. We look forward to continuing our collaboration with the SmartPM team, especially with their professional leadership. " says Matt Wheelis, Vice President Strategy, Build & Construct Nemetschek Group, part of the SmartPM board of directors.

SmartPM develops planning and schedule control software and specializes in data tools and analytics for the construction industry. Leveraging AI and machine learning, SmartPM provides comprehensive insights, enabling clients to optimize project performance, reduce risk, and ensure on-time and cost-effective project completion.

For Michael Pink, CEO of SmartPM: “The investment from Nemetschek Group is a great vote of confidence for us. They have a deep understanding of our market and are the ideal partner to support our mission to set a new standard in data management, analytics and project controls in the construction industry. It’s going to be a very exciting time for SmartPM as we look to grow and expand our business, serve many more customers and take the product to a whole new level.” »

The capital injection will accelerate SmartPM's strategic initiatives, focusing on enhancing its AI-driven platform, expanding their team and increasing market penetration.

For Tanja Kufner, Head of Startups and Ventures at NemetschekGroup: « SmartPM is set to redefine the standard for project management: users can manage projects smarter, safer and more efficiently. The platform is uniquely positioned to address the complex challenges of construction companies, delivering scalable solutions that drive operational excellence, reduce risk and increase competitive advantage in the rapidly changing construction landscape. We are delighted to continue our journey with this exceptional team. »