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Invest in DigiBuild

Revolutionizing the global construction industry using blockchain technology

Highlights

1
Category creator for blockchain technology in construction
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$5 billion in construction managed by executive team
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30 of the largest companies in construction are customers or beta users
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Finalist on Meet the Drapers; won investment from Tim Draper
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Raised $340K pre-seed capital from construction & real estate investors
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Selected by Shadow Ventures for 'Shadow Labs Incubator Program'
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$9B total addressable market

Our Team


The Construction Industry is Broken

Problem

Construction is a complex industry, as every job site includes 50+ companies dependent on one another to achieve their goals. However, these goals are not aligned. Unfortunately, fragmented workflows add cost and risk to construction projects. Despite construction being one of the oldest industries, it’s one of the least sophisticated, and construction projects fail at an alarming rate.

While there have been recent innovations and digital transformation within the industry, construction continues to have the 2nd highest suicide rate of all industries. Why? The majority of construction projects over budget, their people are overwhelmed, and finger-pointing and legal disputes are common.

Solution

DigiBuild: saves time, money, and headaches

DigiBuild is solving for the industry's most significant pain points—risk mitigation, supply chain management, and inefficient payment processing.

DigiBuild is creating a new category within construction management software by utilizing blockchain technology to offer unprecedented results in the construction industry. Our distributed blockchain networks represent the next evolution of construction software applications that creates a verifiable single version of truth amongst construction stakeholders (Owners, General Contractors, Subcontractors, and Suppliers). All the companies involved benefit from unprecedented automation of workflows, risk reduction, and data insights to… Read more

Product

Construction management software

DigiBuild is a blockchain-enabled construction project management platform. Our customers manage workflows such as procurement, budgets, schedules, contracts, and payments. DigiBuild allows for collaboration across 50+ disparate construction stakeholders–all on a single platform.

We are the first to merge our construction management expertise with blockchain to create the world’s most revolutionary technology bringing risk management and visibility to your projects.

Through verifiable collaboration, we eliminate risk, disputes, save time and create a healthier and happier global construction industry.

Customer Driven Product Development

  • 20 largest construction companies have provided direct feedback
  • … Read more

Traction

Backed by industry leaders

DigiBuild, backed by strong customer demand, will bring unparalleled trust and visibility to client projects. With ten of the top construction companies in North America, we run the largest blockchain pilot in construction.

Together with IBM Blockchain, DigiBuild held a Joint Innovation Summit, where we met with 20 industry leaders and validated the need for our platform.

Support at a Glance:

  • Strong Customer Demand; 30 of the largest construction companies are customers and beta testing
  • Only blockchain technology firm in Construction Standards Body to set industry best practices
  • Through Standards Body, we are leading the largest North America blockchain pilot in construction
  • Raised $340K pre-seed capital
  • … Read more

Customers

Streamline projects & manage risk

Primary: General Contractors, Subcontractors and Company Owners

Future: Suppliers, Architects, Insurers

Top ENR (Engineering News Record) companies identified Supply Chain Management as their number one priority during a joint innovation summit with DigiBuild & IBM.

DigiBuild & IBM Innovation Summit

Business model

Projecting revenue worth $68M+ by year 5 of operation

DigiBuild employs 3 tiered business model;

  1. SaaS subscription model creating a recurring revenue model
  2. Incremental services such as charging for credit reports
  3. Fees on transaction volumes and data

With these three revenue streams, we project revenue of $68M+ by Year 5 of operation.

SaaS Subscription Model:

$50/month/user • $1,000 per credit report • Future: % of fee on transaction volumes and data (similar to current models)

Customers :

Primary: Subcontractors, General Contractors, Company Owners Future: Suppliers, Architects, Insurers

Market

$9B total addressable market

The entire construction industry is worth $10T. Out of that, DigiBuild is targeting a $9B TAM. Our SAM is $300M. We plan to execute events that will boost client recognition, leverage our Standards Body role and North American Construction Pilot and engage in a scaled marketing campaign. Our initial target customers are the top 10 US construction stakeholders. We are the only technology participant, which affords us a massive market advantage.

Competition

Best of high automation with trusted and secure technology

DigiBuild outclasses other competitors in the field by offering an incomparable platform. Our all-in-one blockchain technology means that we're the safest choice on the market. Our partnership with leaders in the construction industry means we already have significant market traction.

Many competitors claim to create a ‘single version of the truth,’ but it is only a claim. Blockchain technology and smart contracts are the only searchable, auditable, and permissible claims by law. DigiBuild’s platform offers the ‘only verifiable truth,’ which is why industry leaders are enthusiastic about our blockchain platform.

Vision

Revolutionizing the construction industry

And our mission is to build construction blockchain solutions and connected platforms that create the only true version of the truth. In this collaboration, we eliminate risk, disputes, save time and create a healthier and happier global industry.

DigiBuild has received immense support from the construction industry, as well as considerable interest. With your investment, we will bring on 25 new customers and launch new platform innovations and product offerings.

Investors

$340K in pre-seed capital raised

DigiBuild has raised $340K pre-seed capital from construction and real estate investors.

Money was invested in developing DigiBuild's MVP, continued build-out, and beta testing. DigiBuild's core offerings include;

  1. Procurement
  2. Guaranteed Truth Project Timeline
  3. DigiPay

We are currently raising funds to support phase one of our Procurement Platform, which will support expansion and supply chain management. We plan for the platform to be released in the first quarter of 2021.

Founders


Rob Salvador is the visionary driving force behind DigiBuild, an experienced builder, project manager and construction technologist. Since the age of 10, Rob has witnessed what it was like, firsthand for his Dad struggling to run his construction company. Rob eventually started his own construction company and those experiences and the lack of change over that timespan led to his mission of creating a better way to operate construction projects and the construction community. Rob’s passion and previous cryptocurrency startup experience is what led to him becoming a blockchain expert. In 2017 he had his ‘aha moment’ and the idea of 'how to' apply blockchain to construction took form and DigiBuild was born.

Overview