Construction management startup Hubble nets $3.6m to expand in Southeast Asia

Hubble, a digital construction management startup, today announced that it has raised S$5 million (US$3.6 million) in a funding round led by Tin Men Capital, a VC firm focusing on business-to-business tech startups in Southeast Asia.

This is the Singapore-based startup’s first external investment since launching in 2016, Hubble said in a statement.

Hubble team / Photo credit: Hubble

Hubble’s software automates the entire range of construction processes on-site, covering the management of workforce, construction inputs (materials), equipment, and capital flows.

By deploying, tracking, optimizing, and automating the management of these four aspects via dashboards and apps, the solution could help contractors improve scheduling, resource deployment, productivity, quality, and safety, among others.

Hubble plans to use the funds to expand further outside of Singapore. It landed in Malaysia in January and plans to enter Thailand, Vietnam, and Indonesia next once travel restrictions are lifted.

Part of the new funds will also go toward product development to build additional modules that will be helpful for the industry in the post-Covid world, the company said.

According to McKinsey & Company, 80% of all construction work worldwide is still done on-site, but many developers and contractors are already looking into off-site ways to digitize the whole process.

In the city-state, another startup that wants to disrupt the construction industry is Wavemaker-backed Novade, which recently closed its series B round led by SIG and Vulcan Capital to accelerate its expansion in Europe, China, and Japan.

Currency converted from Singapore dollar to US dollar: US$1 = S$1.39.