Irish-founded ProjectMark secures $2m in backing

ProjectMark, an Irish-founded tech start-up focused on the construction industry, has raised $2 million (€1.76 million) from backers that include former Docusign chief executive Steve King.

Founded by Tom Deane, Noel Brady and Anthony Lynch, ProjectMark has developed a content management system (CMS) that helps firms in the construction sector to manage their content online, streamline their proposal workflows, and increase visibility.

Based in San Francisco, the company’s software is also used by architects and engineers.

Prior to founding ProjectMark in 2019, Mr Deane and Mr Brady were former college roommates at Limerick Institute of Technology that reconnected while both working on a mixed use project in San Francisco. Mr Lynch joined after working for Bitgo, a large institutional digital asset platform acquired for $1.2 billion in 2021.

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The investment was led by Heartland Ventures, an Ohio-based early-stage venture capital firm with $90 million under management. Other backers include a number of senior construction and tech executives.

‘We are thrilled to announce our recent funding round from such a credible list of prominent angels and construction industry backers. We are construction people building a transformative platform for the industry we love,” said Mr Deane, the company’s chief executive.