About Construction Tech sector in Mexico
The Construction Tech sector in Mexico comprises 67 companies, including 9 funded companies having collectively raised $6.2M in venture capital money and private equity. Out of these, 2 are Series A+ funded.
Construction Tech sector in Mexico has seen 2 IPOs.
This sector includes companies providing technology solutions or tech enabled services that help in executing any construction project from design to completion including field management.
Construction Tech sector is also known as ConTech.
Tools that help in executing any construction project from design to completion. Includes marketplaces or platform for procuring physical and human resources needed for a construction project like equipment, materials, and skilled professionals. Latest building technologies like 3D printing, robotics and modular construction that reduces the dependency on human labor and execute projects in shorter time span with lower cost are also included. Companies involved in services, consultancy, construction or design, home improvements/renovation, home automation, construction materials/suppliers, facilities/property management, and real estate technology are excluded.
Top Construction Tech Companies in Mexico
There are 67 Construction Tech startups in Mexico which include Buildpeer, Licify, Prysmex, Kwikset, CostoNet. Out of these, 9 startups are funded, with 2 having secured Series A+ funding.
2026 has seen the creation of 5 Construction Tech startups in Mexico. Over the past 10 years, an average of 3 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Columbia Business School.
Here is the list of top Construction Tech startups in Mexico
1. Buildpeer
Mobile-based project management software for construction fields. Features include document management, project collaboration, progress tracking, scheduling, safety management, and more. Its mobile app is available for Android and iOS devices.
Key facts about Buildpeer
- Founded Year: 2020
- Location: San Pedro Garza Garcia (Mexico)
- Stage: Seed
- Total Funding till date: $2.8M
- Investors: Brick & Mortar Ventures and Conexo Ventures
- Latest Funding Round: Seed, Dec 18, 2024, $*****
- Tracxn Score: 42/100 What is this?
- Competitors Rank: 56 of 718 Competitors
2. Licify
Provider of a platform for managing construction supply chain and finances. The platform centralizes project management from planning to proposal receipt, handling certified suppliers. It facilitates transparent bidding, proposal comparison, and supplier negotiation. The platform automates compliance and contracting, ensuring supplier standard adherence and payment management.
Key facts about Licify
- Location: Mexico
- Stage: Seed
- Total Funding till date: $3.4M
- Investors: Accion, Brick & Mortar Ventures and 4 Others
- Latest Funding Round: Seed, Jul 26, 2023, $*****
- Tracxn Score: 36/100 What is this?
- Competitors Rank: 6 of 67 Competitors
3. Prysmex
Provider of software for managing maintenance, quality, and safety. The software offers modules for operational control management, risk and finding management, incident management, learning management, and performance monitoring. It facilitates collaboration through task assignment and deadline setting, enabling efficient digital workflows. The platform also supports communication and cultural change initiatives to foster a positive work environment. Solutions are tailored for various industries including manufacturing, logistics, construction, and hospitality. The software aims to improve operational excellence, enhance safety standards, and optimize resource utilization.
Key facts about Prysmex
- Founded Year: 2015
- Location: Monterrey (Mexico)
- Stage: Seed
- Investors: CEMEX Ventures, Labcap and 4 Others
- Latest Funding Round: Seed, May 16, 2018, $*****
- Tracxn Score: 33/100 What is this?
- Competitors Rank: 138 of 1,021 Competitors
4. Kwikset
Key facts about Kwikset
- Founded Year: 2020
- Location: Mexico City (Mexico)
- Stage: Unfunded
- Tracxn Score: 31/100 What is this?
- Competitors Rank: 2 of 9 Competitors
5. CostoNet
Key facts about CostoNet
- Founded Year: 1998
- Location: Mexico City (Mexico)
- Stage: Unfunded
- Tracxn Score: 29/100 What is this?
- Competitors Rank: 36 of 625 Competitors
Companies founded year-on-year in the Construction Tech sector in Mexico
5 new startups have been founded so far in 2026 in the Construction Tech sector in Mexico. 8 Construction Tech startups in Mexico were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 5 |
2025 | 1 |
2024 | - |
2023 | 1 |
2022 | 2 |
2021 | 3 |
2020 | 8 |
2019 | 3 |
2018 | 6 |
2017 | 6 |
Stage-wise distribution of Construction Tech sector companies in Mexico
Out of the total 67 Construction Tech companies in Mexico, 9 have secured funding. Among them, 2 have reached Series A or higher, and 2 to Series B or beyond.
Founded - 67
Funded - 9
Series A+ - 2
Series B+ - 2
Series C+ - 2
Company Stage | No. of companies |
|---|---|
Founded | 67 |
Funded | 9 |
Series A+ | 2 |
Series B+ | 2 |
Series C+ | 2 |
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Funding Trends in the Construction Tech sector in Mexico
Total funding year-on-year in the Construction Tech sector in Mexico
The Construction Tech sector in Mexico saw a total funding of more than $6.2M in the last 10 years. The most amount of funding was in 2023 at more than $3.4M.
- Total Funding
Year | Total Funding |
|---|---|
2024 | $2.5M |
2023 | $3.4M |
2022 | $300K |
2018 | - |
Recent Funding Rounds in Construction Tech in Mexico
In the year 2024, till December 2024, Construction Tech companies in Mexico have raised $2.5M in equity funding across 1 round.
In the same period last year (i.e. till July 2023), Construction Tech companies in Mexico had raised $3.4M across 1 round.
So, 2024 has seen a 26.47% drop in funding in Construction Tech companies in Mexico as compared to 2023.
Here are some recent, important funding rounds in Construction Tech companies in Mexico:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 1023 | Dec 18, 2024 | ||
Seed | 9125 | Jul 26, 2023 | ||
Seed | 6655 | Oct 25, 2022 | - | |
Seed | 8111 | May 16, 2018 |
Top Investors in Construction Tech in Mexico
CEMEX Ventures is the top investor in Construction Tech companies in Mexico based on number of companies invested.
Here are some top investors in Construction Tech companies in Mexico:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Madrid (Spain) | ||
London (United Kingdom) | - | |
Menlo Park (United States) | - | |
Chicago (United States) | - | |
Monterrey (Mexico) |
