Construction technology startup Mastt has raised $9.5 million as it looks offshore for growth.
The round was led by OIF Ventures, with participation from Assignar co-founder Sean McCreanor, the company’s Chief Revenue Officer Chris Peterson and Mastt CTO David Jablonski.

Existing investors Artesian, Significant Early Venture Capital, Investible and Gravel Road Ventures, also kicked in.

The raise comes a year after Mastt’s $2.2 million seed round for its overseas expansion, launching into the US and Middle East. The business now has around 40 staff globally, and will add another 15 roles in product, engineering and sales in the next six months.

Mastt is a capital project technology subscription software platform that serves as a nerve centre for project owners managing complex programs and portfolios of construction projects. It’s now being used on more than 500 projects worldwide, with a client base that includes the Australian Army, Aurecon, Jacobs Engineering, the Department of Foreign Affairs and Trade, engineering firms WSP and GHD, as well as Sydney Metro Airports.

The business was founded in 2019 by Doug Vincent, Raman Nambiar and Jamie Cerexhe.

Vincent, the managing director, said the past year demonstrated the company’s ability to address a major paint point for the construction sector.

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