Notable Tech, Real-Estate & Construction Investors Join Forces To Fund Harbr’s C$1.75M Seed Round
It’s been an amazing six months. From new product features, our growing and diversified team in addition to our incredible customer base, it’s been one heck of an adventure.
Today, we’re thrilled to announce that we have closed C$1.75M in an oversubscribed Seed round, bringing together notable real-estate and construction executives from across North America, giving us access to major markets across the United States and Canada.
The Seed round brought together a mix of angel and venture capital investors including Jevon MacDonald, George Armoyan, Frank Sobey, John Risley, Mark Dobbin of Killick Venture Fund, Dave Dufresne of Panache Ventures, Gavin Uhma, Don Clow, Jim Spatz, Dan Flaminio, Wade Dawe, Joe Fiander, Victor Kielbratowski and Innovacorp. Read more about our investors here. This round reconnects Jevon MacDonald, Gavin Uhma and our CEO Dave Kim, Co-Founders of GoInstant, the Halifax-based co-browsing startup that sold to Salesforce.com for more than $70 million in 2012.
“Harbr is addressing a massive issue in the construction and real-estate industry,” said Don Clow, President & CEO at Crombie REIT and one of Harbr’s investors. “As a team, they have an entrepreneurial spirit and are developing a product that I believe has the power to transform the world of construction.” Pre-seed investor, Gavin Uhma looks forward to what the future holds for Harbr. “Up until now they’ve been operating on a shoestring budget and have accomplished so much – I can’t wait to see what they’ll do with more capital,” he says.
We are delighted about the opportunities that this investment brings to life. This is a wonderful endorsement of our company strategy thus far and the geographic reach of our investor pool means our network is expanding into major markets across the continent. For us, it also means that we can continue the development, growth and expansion we’ve witnessed so far in 2018 while moving closer to our vision of creating the world’s first construction management AI by organizing and managing data to keep projects on schedule.
At Harbr, we believe that construction and technology must coexist in a way that creates purposeful and thoughtful user experiences which form the basis of industry re-defining and world-beating products. We are overwhelmed to see that some of the most influential individuals in technology, construction and real-estate across Canada believe in that vision too.”
With this new Seed funding secured Harbr is ramping up quickly. Today, we are also announcing the launch of our hot-off-the-press real-time construction scheduling product. Super Schedule, driven by the companion field reporting mobile app, creates a live, contextually rich and collaborative project schedule by combining estimations, real-time progress, and field data directly from the job site.
Real-time information is still new to the construction industry and AI is even newer. Through our simple site tool, data is captured from the job site and can be delivered to any member of the value chain instantly. All stakeholders are connected in real-time to consume the information they choose. In doing so, Harbr is able to set the stage for proper analysis of data for the future.
At Harbr, we believe that construction can be predictable, through enabling technologies purpose built to fuel that prediction. Harbr solves real-time information sharing from site to office and all project activity is available as it happens. Doing it this way also means that all project activity can be measured and core value engineering improvements like timing, pricing, and quality become simple statistics.
The industry still isn’t necessarily used to what we’re promoting, as field data is still being collected in traditional ways like pen and paper. We are looking to transition from these “old-school-ways” to real-time information while also structuring the data for AI so that in the future, it’s useful for prediction, management, and best value.
This has been a giant year for Harbr and we can’t wait to get started on what’s next. Thank you to everyone who have supported us and helped us get this far – we couldn’t have done it without you. We credit our highly engaged clients, the Volta Labs community, Creative Destruction Lab (CDL) Atlantic, Industrial Research Assistance Program (IRAP) and Canadian Digital Media Network (CDMN) as playing key roles in securing our Seed funding. Stay tuned for all of the excitement that is to come!