Hubble, a Singapore-based construction management startup, has raised S$11.35 million (US$8.4 million) in a series B round led by Tin Men Capital.
Hubble co-founders Lin Shijing (left) and Peter Kristiano Widjaja / Photo credit: Hubble
The funding round saw participation from investors Taronga Ventures, Kajima Ventures, and Seeds Capital.
Hubble offers a suite of software-as-a-service solutions, centered around the workforce, safety, quality, and other things, to make collaboration between key stakeholders in the construction value chain ecosystem seamless.
The company said its revenue had grown threefold since its first external financing round in the second quarter of 2020.
Hubble was founded in 2016 by Lin Shijing and Peter Kristianto Widjaja.
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The company plans to further scale and expand its services beyond Singapore and Malaysia – where it currently operates – to other Southeast Asian markets and Hong Kong. The firm also will ramp up its research and development capabilities to provide more value-added features and services.
Other investors in the round include
- OSK Capital Partners
- Aurum Investments
Currency converted from Singapore dollar to US dollar: US$1 = SG$1.35
Editing by Samreen Ahmad and Arpit Nayak
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