Andpad

About Andpad

Andpad Inc. operates a leading cloud-based construction project management software in Japan, designed to streamline operations from on-site efficiency to overall business management. The company was founded in September 2012 by Takeo Inada, who previously worked at Recruit Co., Ltd., and was initially named OCT Inc. before rebranding to Andpad Inc. in May 2020. Inada serves as the company's CEO.

The core of Andpad's offering is its SaaS platform, which centralizes communication and information for construction projects. It enables users to share blueprints, manage schedules, create reports, and communicate through dedicated chat rooms, reducing reliance on traditional methods like phone calls and faxes. Accessible via smartphone and desktop, the platform provides real-time access to project data, including drawings and progress charts, for all stakeholders, from on-site craftsmen to office-based managers. The service supports a range of projects including new builds, renovations, and commercial construction. Andpad's business model is based on a monthly subscription fee with various pricing tiers depending on the number of users, alongside an initial setup fee and optional add-on costs.

The platform's features include tools for project planning, scheduling, budget management, document management, and change order management. It also offers an electronic ordering system compliant with Japanese regulations like the Construction Business Act and the Electronic Bookkeeping Act. To expand its capabilities, Andpad launched the "ANDPAD App Market" in November 2021, facilitating integrations with external services like Salesforce, Box, and MoneyForward. The company has also ventured into AI with the launch of "ANDPAD Stellarc," a project aimed at solving labor shortages and technology transfer issues in the industry.

Andpad has secured significant funding over several rounds, with a cumulative total of approximately $160 million. Key funding milestones include a Series A round in March 2018, a Series B in September 2019, a Series C in October 2020, and a Series D round in September 2022, which raised ¥12.2 billion (approximately $76.7 million). The company's investors include notable firms such as Globis Capital Partners, DNX Ventures, Sequoia Capital, and Minerva Growth Partners. In February 2024, Andpad acquired Convex, a business productivity software company.