ReINVENT

ReINVENT innovation GmbH operates as a software provider for the construction industry, targeting building contractors and project developers with a platform designed to connect all parties involved in a construction project. The company was established in Munich, Germany, in 2015 by co-founders Julian Stieghorst, David Uhde, Valentin Ruchardt, and Christian Brachert. The firm's legal entity, reINVENT innovation GmbH, was incorporated on August 6, 2015.

The company's core offering is a cloud-based project management software that digitizes and centralizes communication, data transfer, and documentation. Key features of the platform include tools for lettings and customer management, document and calendar management, and specific modules for project, site, and defect management, complete with digital signature capabilities and task management. This comprehensive approach aims to streamline workflows, enhance transparency, and generate significant cost and time savings for its clients by improving control over construction processes and reducing delays. The business model is based on a proprietary, web-based software-as-a-service (SaaS) licensing structure, serving a client base that ranges from self-employed professionals to small and midsize businesses within the civil engineering and construction sectors.

ReINVENT has progressed through multiple funding rounds to support its growth. The company secured its first seed round on December 17, 2018, raising $1.13 million with participation from investors including HTGF and ASTUTIA Ventures. This was followed by a Series A round on July 30, 2020, for an undisclosed amount, led by ALSTIN Capital and involving other investors such as Bayern Kapital and Foundamental. On June 20, 2022, ReINVENT was acquired by GC Gruppe and now operates as a subsidiary.

Keywords: construction management software, project management platform, PropTech, ConTech, digital documentation, defect management, construction project collaboration, building contractor software, project developer tools, site management software, SaaS for construction, customer management for construction, lettings management, digital signature, task management, ReINVENT innovation GmbH, Julian Stieghorst, David Uhde, Valentin Ruchardt, Christian Brachert, GC Gruppe.