Pillar, a Milan-based fintech startup focused on digitalizing financial management for construction companies, has raised €3.2 million in pre-seed funding.
The investment round was led by Emblem, with participation from international investors including Pareto (USA), Plug and Play (USA), and Kima Ventures (France). Italian backers included B Heroes, Vento, Eden Ventures, and IAG. A number of entrepreneurs also joined, among them the founders of Aria, Convelio, Mobile First Company, 1000farmacie, Sibill, Futura, and Lexroom. Business angels such as Paola Bonomo, Ignazio Rocco Da Torrepadula, and Enrico Pandian also took part.
The funding will support Pillar in product development, expansion of its go-to-market strategy, and team growth as the company works to scale operations.
Founded by Gabriel Guinea Montalvo, Paolo Tarsia Incuria, and Lorenzo Demaio, Pillar develops software that helps construction companies track financial flows. The platform enables monitoring of revenues, expenses, and margins in real time, both at company and project levels. It also uses artificial intelligence to automate controls, reconcile banking transactions, and flag anomalies before they escalate.
Since launch, Pillar reports working with more than 100 clients, managing 350 projects, tracking over 500 workers, and processing more than 40,000 invoices. The team currently has more than 15 members.
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By Proptechbuzz
By Ravi Kumar