MELBOURNE, Australia: SPEC Toolbox (formerly CLT Toolbox), the construction technology platform automating complex engineering for sustainable building materials, has successfully raised $3 million in a Pre-Series A funding round. The investment was co-led by Black Nova and Investible, two of Australia’s most active venture capital firms. This fresh capital will be used to accelerate the company’s product roadmap and drive the global adoption of modern construction methods by bridging the technical gap between product suppliers and designers.
Originally known as CLT Toolbox, the company recently rebranded to SPEC Toolbox after identifying that design bottlenecks were not unique to mass timber but stifled the adoption of all innovative building products. By removing the technical barriers that often prevent designers from selecting modern materials, SPEC Toolbox has created a streamlined pathway for product suppliers to get specified.
“With these funds, we’re accelerating our product roadmap, onboarding new suppliers in new product categories, deepening existing technical infrastructure and accelerating our mission to make innovation easy to specify for engineers,” said Adam Jones, CEO of SPEC Toolbox.
The strong backing from leading VCs validates SPEC Toolbox’s approach to solving the construction industry’s affordability and sustainability challenges.
“ SPEC Toolbox was born of real-world frustration with how products get specified, which in turn was inhibiting adoption of modern and sustainable construction materials. The team has turned those insights into a platform that makes complex products easier to specify, at scale” – Matt Browne, Managing Partner at Black Nova Venture Capital
“We’ve been fortunate to watch Adam and Ringo over the past 12 months as they’ve first captured a clearly defined cross-laminated timber niche and are now thoughtfully expanding into the much larger manufactured products market. Early customer response has been encouraging, and we were excited to co-lead this round alongside Black Nova in support of what the team is building.” – Ben Lindsay, Investment Principal at Investible
Global Traction and Momentum SPEC Toolbox has found clear product-market fit, effectively connecting innovative suppliers with a global network of designers. Since its seed round, the platform has rapidly expanded into Europe, the UK, and North America, surpassing 6,000 user signups and listing over 35 product suppliers. This momentum validates the platform as a vital link for the construction industry, driving adoption across all major regions globally.
The funding round saw significant continued support from an existing cohort of investors & new strategic investors including Archangel, Giant Leap, Australian Venture Partners, Impact Ventures, Understorey Ventures, Flying Fox, Gravel Road, Exhort Ventures, Electrifi Ventures & Energy Lab.
