Italian startup Pillar, which develops an AI-powered platform that centralizes construction project management, finance, and workforce tracking in a single system, has raised €3.2 million in a pre-seed funding round.
- Launched in 2023 by Gabriel Guinea Montalvo, Paolo Tarsia Incuria, and Lorenzo Demaio, Pillar develops an AI-driven operational and financial platform for construction companies.
- The platform centralizes project management, cash flow, workforce tracking, invoicing, and accounting in a single system.
- Using automation and AI, Pillar extracts data from documents, DDTs, invoices, and WhatsApp communications to update job sites, financial records, and project progress in real time.
- Companies can track costs, margins, and cash flow without switching between multiple tools, allowing faster and more accurate decision-making while reducing manual work. Already, over 100 construction companies and 350 projects are managed through the platform.
Details of the deal
- Pillar’s €3.2 million pre-seed round was led by French VC firm Emblem and joined by Pareto Holdings, Plug and Play Tech Center, Kima Ventures, B Heroes, Vento, Eden Ventures, IAG, and over 40 business angels.
"We’re proud to join forces with this exceptional team to build the financial and operational backbone of European construction," Kima Ventures' team, commented on LinkedIn.
- With the fresh €3.2 million funding, Pillar will accelerate product development, strengthen its AI capabilities, expand banking and accounting integrations, and position itself as the go-to financial and operational platform for the construction industry.
