Sitemate secures $1.3 million in startup funding
Media release | 29 November 2018
Sitemate co-founder Hartley Pike has gone from Sydney site engineer to running a multi-million dollar tech startup with users in 40 countries in just three years, with
support from the NSW Government.
Deputy Premier John Barilaro said two rounds of funding from NSW Government-backed Jobs for NSW to support the company’s development and growth had helped SiteMate secure $1.3 million in venture capital funds in September, enabling the company to grow to 30 staff by 2019.
“Jobs for NSW has been there from the start with Sitemate, having provided the company with a $15,000 MVP grant to develop its technology and then a further $100,000 to support the company’s next stage of growth,” Mr Barilaro said.
“This is a fantastic example of how Jobs for NSW is helping a local technology startup become a high-growth, job-creating business of the future.”
Mr Pike said the Jobs for NSW support had been crucial in stepping the company through to the next stage of growth and securing funding of $1.3 million from Artesian, Sydney Angels and other angel investors.
“Without that support from Jobs for NSW I honestly don’t know if we would have made it through because you need to invest a lot of time and effort upfront to understand the customer’s needs and build the product correctly.
“This funding will allow us to put some firepower into our engineering and marketing efforts to build our team and grow our brand. Over the next 18-24 months we will also look to capitalise on strong interest in the US and UK.”
Mr Pike said the project management startup launched from the UTS Startup Program with co-founder Sam McDonnell in 2015, after Mr Pike experienced frustration with information sharing on construction sites around Sydney.
“A lot of sites were managed in thousands of different versions of spreadsheets and the projects were becoming more complex, increasing the risk for everyone. A lack of a central platform was a problem every day, on every project for every company.
“A big project might employ hundreds of contractors but none of them are connected in real time - that’s what we’re trying to achieve with Sitemate.