With $36 Million Series C, Brazil’S Ambar Hopes To Make Civil Construction More Efficient

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And on the other hand, it doesn’t account for the fact that the company also raised venture debt. Talking to TechCrunch, Balbinot explained that the startup plans to use the proceeds to boost the digitization arm of its business, for which it sees a strong need across Latin America. Regardless of the exact tally, the gist is that Ambar now has a significant amount of capital to execute its plans. Ambar has two sides to its business: digitization, which it is now planning to boost further, and industrialization, which some media outlets have likened to Lego for the construction sector. While Spanish-speaking Latin America is driving some of its revenue, it is Brazil where Ambar is most present, Balbinot said. Ambar is not a general contractor, though. Rather than simply claiming that Ambar is a tech company, he backs it up with its unit economics, which are “much higher than in the construction sector.”