Five V backs worker safety startup 1Breadcrumb in $4m funding round
The Melbourne startup wants to be the latest in a growing list of construction software success stories to hail from Australia.
Australia has already given rise to at least two construction software success stories — Aconex, which sold to Oracle for $1.6 billion in 2017, and checklist app unicorn SafetyCulture. Melbourne-based 1Breadcrumb is hoping to be the next to join that list.
The company, which aims to replace paper-based workflows for tasks such as site check-ins, safety inductions and permit applications with digital solutions through a mobile interface, secured $4 million in a funding round led by Five V Capital.
It was initially created to help with reporting required to keep construction sites open during the pandemic, but grew from there to digitise paper processes on work sites. It claims to have already onboarded over 25,000 subcontractors and 300,000 site workers across Australia and the UK, with ambitions to digitise other high-risk industries from "the ground up".
1Breadcrumb CEO Simon Elliott said it was a tough fundraising environment for startups not leveraged to artificial intelligence, the dominant theme in the market at the moment, and he was pleased to pull off the round.
