SmartPM Technologies Receives Start-Up Investment From Two Construction Industry Leaders

The Nemetschek Group, a pioneer for digital transformation in the Architectural, Engineering, Construction and Operation (AEC/O) industries, led the recent investment round. Pursuant to the transaction, Matt Wheelis, SVP of Strategy for the Build & Construct Division at the Nemetschek Group, will be joining the board of SmartPM. Nemetschek Group brings a global reach as an investor in SmartPM with their portfolio of companies such as Nevaris, a Germany-based software firm specializing in solutions for construction management and technology, as well as mobile products on the jobsite. Another of the groups entities with global reach is Bluebeam, a software company developing innovative technology solutions that set the standard for project efficiency and collaboration for AEC professionals. "The tools capacity to analyze trends in scheduling, project durations, and completion rates can provide valuable insights for the construction industry as a whole, including benchmarking performance against peers.