A big congratulations to long term Sync Lab residents, APE Mobile who have just closed a successful $2 million Series A funding round, led by Jolimont Global and Viburnum Funds.
APE Mobile (Applied Project Experience Pty Ltd), which launched in early 2014, have developed an innovative paperless site app for the Construction, Mining and Oil & Gas industries which allows contractors to manage a number of different paperless forms on site (including productivity reports, toolbox meetings, site drawings) on iPads and web devices instead of using paperwork, via a seamless, secure and fast app.
No other platform of this kind is available for construction and engineering contractors, who can benefit significantly from savings of up to two hours a day for each user.
APE Mobile has enjoyed rapid adoption, with Monthly Revenue Growth of 20% in its first year since launch. APE Mobile aims to continue to establish itself as the dominant paperless site app in its field in the national and overseas market.
Matthew Edwards, Founder and CEO of APE Mobile commented:
We are extremely pleased with this funding and to have incredibly experienced investors backing our technology. Since our launch last year we had an amazing response from large enterprises and small contractors alike, with customers so far including Iluka Resources, Calibre Global and Tasman Civil. There’s a massive opportunity for us out there, with the construction and engineering market having over 1 million employees in Australia. The raising provides us with further financial security and underpins our plans to expand on the East coast of Australia and overseas. We’re thrilled to continue helping increase efficiencies for our customers in the Construction, Mining and Oil & Gas sectors with our essential productivity tools.
We’re looking forward to seeing APE Mobile scale into new and bigger markets over the coming months and hope to see more Perth startups following in their footsteps!