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INVESTORS LOOK FOR BILLION DOLLAR ACONEX REPEAT AS MASTT SECURES $9.5M

Paul SmithTechnology editor
Mar 14, 2022 – 10.00am
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The co-founder and chief executive of construction technology software start-up
Mastt has earmarked expansion in the US and Middle East as top priorities, as a
booming construction sector and rapid revenue growth has led investors –
including the founders of big money local success story Aconex – to pour almost
$10 million into the company.

The $9.5 million funding round comes a year after it closed a $2.2 million
funding round. The latest was led by venture capital firm OIF (Our Innovation
Fund) Ventures, with money also from Artesian, Significant Early Venture
Capital, Investible and Gravel Road Ventures, and the fund of Aconex co-founders
Rob Phillpot and Leigh Jasper.


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