News Briefs

Vanedge Capital leads ALICE Technologies’ $30m Series B round

The funding will boost hiring, global growth, continued product innovation, and sales and marketing expansion.

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  • ALICE Technologies is a construction optioneering platform founded in 2013 
  • New participants in the round were Bouygues, Gaingels, GRID Capital, JLL Spark, and MetaPlanet
  • Existing investors in the funding included Future Ventures, Merus Capital, and Rising Tide

San Francisco-based ALICE Technologies announced the completion of a $30 million Series B round led by Vanedge Capital. The Vancouver-based venture capital firm was joined in the round by existing investors Future Ventures, Merus Capital, and Rising Tide, and new participants Bouygues, Gaingels, GRID Capital, JLL Spark, and MetaPlanet.

The construction optioneering platform ALICE will utilize the funding to boost hiring, global growth, product innovation, and sales and marketing expansion. ALICE’s platform is in use by contractors, namely Bouygues, Kajima, and Skanska, to help them plan and manage complex projects such as bridges, tunnels, high speed rail systems and mixed-use towers.

“The ALICE platform gives general contractors the ability to easily explore construction choices and chart a path that best balances risk, time and cost. This is a distinctive, high-growth business led by a uniquely qualified team, and we’re excited to support ALICE’s growth and success,” said Vanedge Capital’s managing partner, Paul Lee, in a press release.