Buildxact raises $6m for overseas expansion

The raise 

Construction technology start-up Buildxact has completed  a $6 million funding round, with Aconex co-founder Rob Phillpot (supported by Leigh Jasper leading the investment after the business recorded more than 140 per cent year-growth revenue since March.

What it does 

The business, which was founded in 2010 by John Allison, provides residential construction companies with quote estimating and job management subscription software.

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Buildxact CEO David Murray says the business has boomed in North America. 

Buildxact will use the funds to increase marketing spending and fuel its overseas expansion.

The secret sauce 

Social media marketing works 

"The Australian business has really taken off and the reason for that we believe is we spent a couple of years working hard to build our brand," he said.

"Now people on private Facebook pages are talking about us and people recognise the brand."