About MSUITE
MSUITE is a company based in Cedar Rapids (United States) founded in 2015 was acquired by Stanley Black & Decker in May 2022.. MSUITE has raised $4 million across 1 funding round from investors including Stanley Black & Decker, U.S. CAD and Stanley Ventures. The company has 23 employees as of December 31, 2021. MSUITE offers products and services including MSUITE BIM, MSUITE HANGERS, and MSUITE FAB. MSUITE operates in a competitive market with competitors including Procore, Hover, Nemetschek Group, Viewpoint and Aconex, among others.
- Headquarter Cedar Rapids, United States
- Employees 23 as on 31 Dec, 2021
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Msuite Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4 M (USD)
in 1 rounds
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Latest Funding Round
$4 M (USD), Seed
Aug 20, 2020
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Investors
Stanley Black & Decker
& 3 more
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Employee Count
23
as on Dec 31, 2021
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Acquired by
Stanley Black & Decker
(May 13, 2022)
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Products & Services of MSUITE
MSUITE offers a comprehensive portfolio of products and services, including MSUITE BIM, MSUITE HANGERS, and MSUITE FAB. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates BIM processes for mechanical, electrical, and plumbing designs.
Improves productivity in hanging and layout for construction projects.
Automates production and logistics in fabrication shops.
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Funding Insights of MSUITE
MSUITE has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Seed round of $4 million completed in August 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $4.0M
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First Round
First Round
(20 Aug 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Seed - MSUITE | Valuation | Stanley Ventures , Next Level Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MSUITE
MSUITE has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Stanley Black & Decker, U.S. CAD and Stanley Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Strategic investments are made in innovative startups by Stanley Ventures.
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Founded Year | Domain | Location | |
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An Iowa-based investment firm focused on strategic venture capital.
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Founded Year | Domain | Location | |
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AEC technology solutions and consulting services are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MSUITE
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MSUITE
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Msuite Comparisons
Competitors of MSUITE
MSUITE operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Procore, Hover, Nemetschek Group, Viewpoint and Aconex, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS project management software is provided for construction professionals.
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| domain | founded_year | HQ Location |
Hover is recognized for providing construction and renovation software solutions.
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| domain | founded_year | HQ Location |
Provider of management solutions for the construction sector
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| domain | founded_year | HQ Location |
SaaS-based project management solutions are delivered for construction.
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| domain | founded_year | HQ Location |
Cloud-based project management software is delivered for construction projects.
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| domain | founded_year | HQ Location |
SaaS project management software for homebuilders is offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Msuite
Frequently Asked Questions about MSUITE
When was MSUITE founded?
MSUITE was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Where is MSUITE located?
MSUITE is headquartered in Cedar Rapids, United States. It is registered at Cedar Rapids, Iowa, United States.
Is MSUITE a funded company?
MSUITE is a funded company, having raised a total of $4M across 1 funding round to date. The company's 1st funding round was a Seed of $4M, raised on Aug 20, 2020.
How many employees does MSUITE have?
As of Dec 31, 2021, the latest employee count at MSUITE is 23.
What does MSUITE do?
MSUITE was founded in 2015 and is headquartered in Cedar Rapids, United States. Operations center on the construction technology sector, where cloud-based building information modeling software is developed for field professionals. Key services encompass automated fabrication, sheet creation, hanger placement, point layout, shop drawings, spool detailing, and point location communication. Integration with various software platforms and shop equipment is also facilitated.
Who are the top competitors of MSUITE?
MSUITE's top competitors include Procore, Hover and Nemetschek Group.
What products or services does MSUITE offer?
MSUITE offers MSUITE BIM, MSUITE HANGERS, and MSUITE FAB.
Who are MSUITE's investors?
MSUITE has 4 investors. Key investors include Stanley Black & Decker, U.S. CAD, Stanley Ventures, and Next Level Ventures.
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