Mighty Partners has provided a non-dilutive venture debt facility to Australian construction software platform BuildPass as the company expands into the US.
Six months into its US expansion, BuildPass is already seeing strong traction. The company is growing more than 50% month-on-month in the market, with the US now contributing more than 20% of global revenue.
That demand is already translating into operational scale on the ground. New York-based Reidy Contracting Group rolled out BuildPass across more than 85 simultaneous commercial projects within weeks of signing. Reidy joins a growing roster of US contractors adopting BuildPass as core infrastructure, including Burkentine Builders in Pennsylvania and ECI Group in Austin.
Globally, BuildPass continues to grow north of 100% year-on-year, with momentum in its home market continuing alongside US expansion. The business has now surpassed 1,000 customers, 400,000 users and 100,000 subcontractors across four countries.
The facility will support US hiring and go-to-market investment as the business builds on early traction in one of the world’s largest construction markets.
“The US construction market is one of the largest and least digitised globally, but what’s stood out is how quickly adoption compounds once you’re on the ground. Teams don’t trial this on a single site, they standardise it across their portfolio. That’s what’s driving the pace of growth we’re seeing.
Moving to Austin was a deliberate decision to be close to that demand and build from inside the market. Six months in, that decision has been validated. The US is already becoming a meaningful part of the business.”
Matt Perrott, Co-founder and CEO, BuildPass.
The expansion has been anchored by the opening of BuildPass’s Austin office and the relocation of founder Matt Perrott and his family to the US.
We’re excited to support the team as they continue scaling globally.
