Invoice reconciliation, AI automation, Material data infrastructure & CFO-driven adoption
Description
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.
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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
United States
