Construction management software startup LivSYT has successfully secured $2.5 million in seed funding from Valley Quad and Inventus Capital.
Founded in 2021 by Karthik Thumu, the company provides user-friendly software designed for contractors, modular manufacturers, and third-party inspectors to speed up construction projects.
LivSYT’s software offers real-time data on project operations, allowing for efficient resource mobilization. The startup, currently with an annual recurring revenue (ARR) of $1 million, has set an ambitious goal of reaching $5 million in ARR by November 2025, as stated by Chief Financial Officer Brajesh Bhanj Deo.
“We are excited to embark on this new journey, leveraging the expertise and support of our investors to further our mission of transforming construction management,” said Karthik Thumu, the company’s founder.
LivSYT’s client portfolio includes consulting and engineering firms like Systra, DRA, and Elemental Realty. The startup provides on-site construction management software that enhances project productivity and profitability.
Inventus Capital and Valley Quad’s investment will help LivSYT continue its mission of making construction management more efficient and user-friendly. This funding represents a significant step forward for the startup as it seeks to expand its offerings and reach its ARR target by 2025.