Haskell partners with IPSUM for ProPlanner scheduling and planning software
Dysruptek, the Haskell’s corporate venture capital arm, invests in IPSUM a construction tech start-up originally from Latin America, now based in the US, who has been recognized by BuiltWorlds in their Top 50 List from 2021 and a few years ago, CB Insights named as one of the top 100 start-ups in the world transforming the construction industry.
IPSUM started in 2016 with their software ProPlanner aiming to help construction companies to get rid of their MS Project and Excel files, to jump into a web-based, collaborative SaaS.
“Scheduling and planning on-site hasn’t changed much in the last 10 years. There’s lots of waste in manual processes and legacy software solutions are still the go-to solution for almost every company in the industry. We are transforming the way this is done, improving processes, making it easier for teams in the jobsite, more collaborative and giving them insights and analytics in real-time,” says Franco Giaquinto, IPSUM’s CEO.
The platform developed by the start-up involves every stakeholder in the project (Owners, general contractors, and subs) and allows them to stay on top of the Master Schedule, build Lookaheads, screen constraints and create reliable Weekly Work Plans, while also having their own dashboard with real-time analytics on performance, progress, productivity and more.
“We have done more than 800 projects of all types, in over 12 countries and are now departing in the US to become the standard for Scheduling and Planning projects, partnering with Haskell, a top 100 ENR contractor from Florida” says Giaquinto.
This new Dysruptek investment aims to the strategic focus of Haskell’s CVC. “We are very excited to partner with IPSUM and their software ProPlanner on their journey. Franco has shown his ability to build a great solution with an even better team,” says Cutler Knupp, director of strategy and technology investments at Dysruptek, CVC which also is an LP of contech venture capital firm Brick & Mortar and a partner in Cemex Venture’s Start-up Competition. “…their success in the LatAm region is proof of their ability to execute. Haskell has experienced the benefits of using ProPlanner first hand on our projects,” added Knupp.
In 2018 IPSUM raised $1 million with Manutara Ventures and also with Cemex, the Mexican conglomerate and world leader in the building materials industry through its corporate venture capital Cemex Ventures, and previously raised capital from Wayra, the venture side of Telefónica.
This start-up developed their software ProPlanner in a web platform and also a smartphone app to bring a full vision of the planning and scheduling process in a construction project. “One of the main problems we’re solving today is the lack of coordination and collaboration between high-level schedules built by schedulers with the Owners approval, and what’s really going on the jobsite and what Supers are working on a daily basis. We’re trying to connect them into one platform that has everyone on the same page and also guides them into building reliable and effective work plans. The final result is an ongoing process of continuous improvement, fed constantly by beautiful dashboards with insights of what’s going well and what’s not and who’s performing better or worse,” says Franco Giaquinto.