Norfolk seed investment for Collaprime Software Oy

2024-08-20 Funding

Introduction

Collaprime Software Oy, the developer of an innovative IFC model-based platform for construction design reviews and stakeholder collaboration, announces a seed investment from Norfolk Oy. This strategic investment marks a significant milestone in Collaprime’s journey to transform how construction projects are visualized, reviewed, and managed across stakeholders.

Strategic Partnership

The investment brings more than just capital to Collaprime. Norfolk Oy’s founder and Chairman, Jyrki Keinänen, will join Collaprime as an advisor, bringing decades of construction industry leadership experience. Keinänen has held several key leadership positions in the Finnish construction industry and is particularly known for his successful tenure as CEO of AINS Group, where he led the company to triple its size and achieve a turnover of €106 million. He sees great potential in Collaprime’s technology.

“Collaprime’s platform addresses a critical need in the construction industry - making complex design reviews and stakeholder collaboration more efficient and accessible,” says Keinänen. “Their innovative approach to simplifying how we present and interact with construction designs aligns perfectly with the industry’s drive toward digitalization and improved collaboration.”

Growth and Innovation

The seed funding will accelerate Collaprime’s expansion plans following successful early customer implementations. The company plans to enhance its platform capabilities, which already support features such as textured architecture models, multi-device compatibility, and scalable remote collaboration for thousands of participants.

Collaprime’s solution stands out by making construction design reviews accessible to all stakeholders, regardless of their technical expertise. The platform eliminates the need for specialized software licenses or construction industry design software skills, enabling broader participation in the design review process.

Market Opportunity

The construction industry continues to embrace digital transformation, with a growing emphasis on collaborative tools that can bridge the gap between technical teams and other stakeholders. Collaprime’s platform, with its user-friendly interface and powerful capabilities, is well-positioned to capture this market opportunity.

With Norfolk’s investment and Keinänen’s strategic guidance, Collaprime is poised to expand its market presence and continue innovating in the construction technology space. The company’s focus on simplifying complex processes while maintaining robust functionality addresses a clear market need, particularly in an industry where effective communication and collaboration are essential for project success.