PaletteApp
Digital design tool that helps architects, contractors, and manufacturers facilitate the design and sample ordering process.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
$425k | - | ||
| Total Funding | 000k | ||
PaletteApp was a formerly venture-backed software company that developed digital design tools for the architectural, design, and commercial construction industries. Founded in 2012, the firm aimed to streamline project management and reduce material waste.
The company's core offering was a digital database and a suite of tools, including the Project Binder Tool. This platform enabled clients such as architects, designers, contractors, and facility managers to create high-quality digital binders for project closeouts, art, and furniture. The service was designed to facilitate the design and sample ordering process, acting as a project management aid for professionals in the construction technology space.
From a financial perspective, PaletteApp demonstrated early promise, securing $1 million in an initial venture capital round on January 22, 2014. This was followed by a Series A funding round on February 15, 2016, which raised an additional $1.8 million, bringing its total raised capital to $2.8 million. Despite these early successes and a planned Series B round, the company ultimately ceased operations, with its status listed as 'Out of Business' as of November 1, 2019.
Keywords: digital design tools, architectural products, construction technology, project management software, digital database, design sample ordering, project binder tool, architectural software, commercial construction, facility management, AECO, design specification, materials library, out of business, formerly VC-backed