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Home Industry News Norwest Venture Partners Concludes Xpedeon Fundraising

Norwest Venture Partners Concludes Xpedeon Fundraising

21st December 2022

Norwest Venture Partners has concluded a series of fundraising for Xpedeon, a vertical cloud-based software platform (SaaS) in the Engineering and Construction sector.
The financial input aims to hasten Xpedeon’s expansion and strengthen its grounding as a premier provider of unified construction software.

Since starting fundraising, the firm has gained substantial momentum in the UK, Middle East, and India, and is looking to grow into North American, European, and Asian-Pacific markets next. BIM (Building Information Modelling) and Artificial Intelligence or Machine Learning will also be improved and incorporated into the company’s core technological stack.

Xpedeon is a program specifically designed and extensively developed for engineering and construction firms. Its range of capabilities covering mobile, digital and trade services empowers firms to change the face of ‘digital’ within their business.

“The global market for construction software is expected to reach $23 Billion by 2031.” They have built “a construction software product portfolio that strongly positions us to capture a significant share.”

CEO of the company, Janak Vakharia, said that “through the Xpedeon SaaS platform, we can deliver our solutions to businesses of any size, anywhere. We are delighted that Norwest Venture Partners has bought into our vision and chosen to be a part of this very exciting journey as it unfolds.”

“Xpedeon provides a fully integrated construction-specific SaaS platform that serves Fortune 500 companies and has developed a proprietary and robust tech stack which can be scaled globally.”

MD and Head of Northwest India, Niren Shah, expressed that “we are delighted to partner with them in their growth journey as they digitally transform construction businesses across the world.”

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