From calling suppliers to schedule deliveries to manually typing data into Excel - this German startup secures €12.5M to fix construction's paper problem.
In today's episode of Bricks, Bucks and Bytes, we had Henric Meinhardt from comstruct walk us through how they're digitizing the material delivery and invoice reconciliation process between suppliers and contractors.
We got to learn about how they're using AI to process unstructured data from thousands of suppliers, replacing manual data entry with automated workflows.
And interestingly, we heard an investor's perspective on why focusing on financial processes can be the best entry point into construction companies, starting with the CFO rather than on-site teams.
Tune in to find out about:
✅ How comstruct automates invoice matching and material tracking
✅ Why large language models are making traditional EDI interfaces obsolete
✅ Their unique go-to-market strategy targeting CFOs first
✅ How they convinced World Cup winner Mario Götze to invest
Listen to the full episode on Spotify to hear how comstruct is building the infrastructure for construction's digital future.
-----------
Chapters
00:00 Introduction to Constrakt and Funding Success
03:06 The Evolution of Construction Processes
06:07 Agentic AI and Its Impact on Construction
09:01 Future of Invoicing in Construction
12:11 Optimizing Procurement Processes
15:08 Supplier Engagement and Automation
17:48 Competition and Market Landscape
20:59 ESG Considerations in Construction
24:07 International Expansion and Future Plans
24:37 Technical Difficulties and Humor
25:09 Go-to-Market Strategy Insights
28:57 Understanding Customer Needs and ROI
29:59 Investment and Growth Plans
31:44 Navigating the Construction Tech Landscape
32:38 Pre-Construction Processes and Challenges
36:54 Prioritization in Business Strategy
39:14 Engaging Investors in Unique Niches
Popular Podcasts
Are You A Charlotte?
In 1997, actress Kristin Davis’ life was forever changed when she took on the role of Charlotte York in Sex and the City. As we watched Carrie, Samantha, Miranda and Charlotte navigate relationships in NYC, the show helped push once unacceptable conversation topics out of the shadows and altered the narrative around women and sex. We all saw ourselves in them as they searched for fulfillment in life, sex and friendships. Now, Kristin Davis wants to connect with you, the fans, and share untold stories and all the behind the scenes. Together, with Kristin and special guests, what will begin with Sex and the City will evolve into talks about themes that are still so relevant today. "Are you a Charlotte?" is much more than just rewatching this beloved show, it brings the past and the present together as we talk with heart, humor and of course some optimism.
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com