Norman Fiore from Dawn Capital emphasized the significance of improving working conditions in the construction sector, which employs one in ten people globally, highlighting the industry's need for better productivity tools.

Founded in 2020 by Marc Nègre, Cédric Boidin, and Thomas Reygagne, Kraaft aims to bridge the gap between field and office operations in construction.

The platform is designed to be user-friendly, requiring no training and supporting collaboration, which has led to a 15% improvement in change order management through enhanced traceability.

The funding will be utilized to enhance product development and facilitate Kraaft's expansion into key markets, particularly the UK and Germany.

Kraaft, a Paris-based construction tech platform, has successfully raised €13 million in a Series A funding round led by Dawn Capital, with notable participation from Brick & Mortar Ventures and Chalfen Ventures.

Guillaume Bazouin of Brick & Mortar Ventures noted that Kraaft is modernizing the construction landscape by replacing outdated tools with an intuitive platform that promotes collaboration and enhances productivity.

Since raising a €3.2 million Seed round in 2023, Kraaft has tripled its user base to over 1,000 companies, managing more than 1 million messages per month in five languages.

The construction industry, valued at $13 trillion, has been stagnant in productivity for over two decades, investing only 1 to 2 percent of revenue in IT compared to 3 to 5 percent in other sectors.

Kraaft's platform combines messaging functionalities akin to WhatsApp with features like photo geolocation, document management, customizable reporting, and AI workflows.

Kraaft offers a free plan for small businesses and is set to introduce new features in 2025, including planning and timesheets, along with API integrations and AI-driven workflow automation tools.

Co-founder Marc Nègre expressed enthusiasm for Kraaft's ability to simplify digital tools in an industry that has been slow to adopt new technologies.

CEO Thomas Reygagne conveyed excitement about collaborating with investors who share a vision for enhancing productivity in construction through innovative technology.