Australian construction software outfit BuildPass says the US already accounts for more than 20% of revenue six months after opening an Austin office, helped along by new debt from venture lender Mighty Partners.
The Melbourne-based scale-up is posting more than 50% month-on-month growth in the US, with global revenue now running above 100% year-on-year.
BuildPass has surpassed 1,000 customers, 400,000 users and 100,000 subcontractors across four countries.
The bulk of that base still in Australia but Buildpass claims the US is now the fastest-climbing slice.
CEO and co-founder Matt Perrott relocated to Austin with his family late last year.
“The US construction market is one of the largest and least digitised globally, but what’s stood out is how quickly adoption compounds once you’re on the ground,” he said.
“Teams don’t trial this on a single site, they standardise it across their portfolio. That’s what’s driving the pace of growth we’re seeing.”
BuildPass is going up against heavyweights in the US with NYSE-listed Procure boasting over US$1 billion in annual revenue and SaaS stalwart Autodesk’s Construction Cloud making for a competitive market.
The platform handles compliance, contractor management and site operations, and bakes in AI tooling drawn from OpenAI and Anthropic.
Buildpass first foreshadowed a US move at its $1 million pre-seed in 2022 and now joins a small but growing cohort of Australian software companies setting up operationally in the US rather than running it remotely.
The Carthona Capital-led $7.5 million seed in late 2024 brought in Aconex co-founder Leigh Jasper’s Saniel Ventures and GitHub founder Tom Preston-Werner’s eponymous fund, alongside Recursive Ventures, Horizon VC and Massive Tech Ventures.
The fresh capital is venture debt rather than equity — a structure designed to fund the US hiring and go-to-market spend without diluting existing shareholders mid-growth.
Sydney-based Mighty Partners — formerly Fundabl, which rebranded last year — provides growth credit of up to $5 million on terms of up to 36 months, and counts Lyka, WeMoney, Amber Electric and Spacer among its portfolio.
