ConCntric Raises $10M in Series A

ConCntric has successfully raised $10M in a Series A at a $55M valuation led by Foundry Group, Fifth Wall.

Company Overview

ConCntric is a PropTech company headquartered in Austin, TX, founded in 2022 with 40+ employees.

AI-powered preconstruction platform for building projects

Fundraising Details

Amount Raised: $10M
Round Type: Series A
Valuation: $55M
Date: 2025-10-15
Investors: Foundry Group, Fifth Wall

About ConCntric

AI-powered preconstruction platform for building projects The company is positioned in the PropTech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Austin, TX
Founded: 2022
Team Size: 40+
Industry: PropTech

What This Means

This funding round demonstrates strong investor confidence in ConCntric's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The PropTech sector continues to attract significant investment as companies innovate to meet evolving market demands. ConCntric's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $55M valuation marks an important milestone for ConCntric, positioning the company among notable players in the PropTech industry.

Looking Ahead

With this new capital, ConCntric is well-positioned to execute on its growth strategy and continue building innovative solutions in the PropTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2025-10-15. For more information about ConCntric, visit their headquarters at Austin, TX.

ConCntric