reebuild secures €3M to automate financial workflows in construction

Vienna-based construction technology startup reebuild has raised €3 million in seed funding to expand its AI-powered back-office automation platform for construction and real estate companies. The round was led by Fortino Ventures, with participation from Rise PropTech and CuriosityVC. The company develops software that automates administrative and financial processes for construction companies and property developers, including invoice processing, cost management and material tracking. Its platform uses AI to process documents, match financial records and provide project cost information. Construction and real estate companies often rely on spreadsheets and manual processes to manage invoices, contracts and project costs. This can lead to delays in approvals, limited visibility into project finances and missed opportunities to reduce costs. Reebuild aims to address these challenges by automating repetitive administrative tasks and providing access to more up-to-date financial informat