Planera, a provider of construction project management software, has secured $13.5m in Sierra Ventures-led Series A financing.  

The funding saw contributions from Sorenson Capital, Brick and Mortar Ventures, Prudence VC, and Firebolt Ventures.  

The investment is set to expedite the enhancement and rollout of Planera's collaborative and visual planning tools. 

This is expected to address the need of general contractors, specialty subcontractors, and the broader construction sector. 

Legacy software systems, used by general contractors for managing commercial construction projects, are claimed to be becoming obsolete.  

They lack integration with modern Cloud technology, lean construction methodologies, and artificial intelligence advancements, and more. 

Planera aims to bridge this market gap with its solutions.  

Sierra Ventures managing partner Shashank Saxena said: “Planera's innovative approach to leveraging SaaS in the construction industry is a testament to the transformative power of intelligent applications. 

“The industry is ripe for disruption with the shift towards collaborative, cloud-based, and visually-driven solutions. Planera's team has the proven expertise and vision to lead this change and deliver immense value to general contractors.” 

Planera CEO and co-founder Nitin Bhandari stated that the funding, which was oversubscribed, will help Planera provide teams the technology needed to plan, schedule, and collaborate more effectively. 

It will enable the company to fast-track its product development, bolster sales and marketing initiatives, and extend its influence within the construction industry. 

In June 2024, Planera launched a new product that combines master and working schedules.