Serbian-rooted Lupa Technology Secures New Investment for Global Expansion in Construction Data Management
Serbian-US data management platform Lupa Technology successfully closed a $1.8 million investment round. Led by South Central Ventures and supported by the World Bank and EU Commission, the funds will be used for global expansion.
Lupa Technology, a cloud-based SaaS platform, was founded in 2021 to serve the construction industry. It aims to help companies turn their data into an asset through features such as mining and unifying data from other platforms, processing documents, and offering construction-specific workflows. The platform leverages generative AI for insights and reporting. Based in New York and Belgrade, Lupa’s primary markets include the USA, UK, EU, and Gulf Cooperation Council (GCC) regions.
Lupa Technology’s CEO, Vladimir Milovanovic, stated, “Having bootstrapped our journey so far, we are thrilled to secure this significant investment.” He added, “Our platform is gaining significant traction due to its maturity and practical impact on businesses.”
Goran Stevanovic, Partner at South Central Ventures, commented, “We are thrilled to support Lupa Technology as they redefine data management standards in the construction industry.” He praised the team’s innovative approach and their understanding of construction challenges, predicting that the investment will position Lupa for success in disrupting the industry with transformative AI-driven solutions.
