Proptech

Singapore’s Podium raises $15.2M to accelerate growth

November 25, 2024

Building has never been easier. Here’s Singapore-based Podium, a cloud-based digital platform that makes designing cost-efficient and sustainable buildings faster and easier. 

  • They just raised $15.2M in the first close of their Series A-1 funding round!

Investor check. Software firm Autodesk led the round, while Schindler and Lendlease also joined in. 

  • Here’s a scoop. Podium was actually established by Lendlease, an Australian property and investment group, back in 2020. 
  • Podium became an independent startup earlier this September.  

🏗️ Build, build, build

In the built environment industry, the whole property lifecycle can take months (even years!) to complete.

  • Why? The process can come with manufacturing and budget constraints which drag productivity and waste time.

Podium’s solution. They connect developers, designers, builders, and suppliers in one platform to make it easier to make the best decisions at the design stage. 

  • How it works? Manufacturers and suppliers integrate ‘kit-of-parts’ (pre-designed components) in the platform, while designers can configure building designs powered by Podium’s computational automation and AI. 

💵 What’s with the $$$? 

They’ll focus on accelerating growth in key markets including Australia and Singapore.

  • They’re in talks with developers, designers, suppliers, and government agencies.

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