Scalera Raises €5.7 Million in Seed Round | The SaaS News
Summary
Scalera, a Zurich, Switzerland-based SaaS solutions provider for mid-sized construction companies, has raised 5.7 million in seed funding.The round was led by firstminute capital and Speedinvest, with participation from strategic angels from Google, unicorn startups, and the construction industry.Firstminute Capital is a London-based venture capital firm specializing in seed and pre-seed investments across the UK, Europe, and the US. Founded in 2017, the firm is sector-agnostic, investing in SaaS, fintech, deep tech, healthtech, gaming, and developer tools. The firm focuses on investments in the deep tech, fintech, health, industrial tech, marketplaces & consumer, SaaS & infrastructure, climate tech, emerging markets, and crypto sectors.The company will use the funds to expand its operations into Germany and Austria, grow its team, and further develop its AI-powered procurement platform.Founded in 2023 by Leonardo Reinhard, Sven Affeltranger, and Federico Gossi, Scalera is an AI-powered tendering and procurement platform for the construction sector. Its platform uses AI to automate the parsing of complex tender documents, match supplier catalogs to line items, and help contractors generate bids in a fraction of the time. A spinout of the Zurich-based ETH University, the company serves medium to large construction firms in the DACH region.