BuildPass hit 20% US revenue contribution six months after establishing its Austin headquarters, CEO Matt Perrott confirmed. The Melbourne-based construction software company is posting 50% month-on-month growth in the US market, with global revenue up 100% year-on-year.
The company now counts 1,000 customers, 400,000 users, and 100,000 subcontractors across Australia, New Zealand, the US, and one additional market. The bulk of the base remains in Australia, where BuildPass has only penetrated approximately 3% of the market despite launching in 2021.
Perrott relocated to Austin with his family in late 2024 to lead the US expansion. The company raised $7.5 million in seed funding led by Carthona Capital in late 2024, bringing in Aconex co-founder Leigh Jasper's Saniel Ventures and GitHub founder Tom Preston-Werner's fund.
What this means for sales teams
BuildPass secured venture debt from Sydney-based Mighty Partners (formerly Fundabl) to fund US hiring and go-to-market spend without diluting existing shareholders. The structure: up to $5 million on terms of up to 36 months.
The debt capital signals active US sales hiring, though BuildPass has not disclosed team size or specific role counts. The company grew from 2 founders to 40+ employees as of early 2025.
"Teams don't trial this on a single site, they standardise it across their portfolio," Perrott said. "That's what's driving the pace of growth we're seeing."
The US market puts BuildPass against NYSE-listed Procore (over US$1 billion annual revenue) and Autodesk's Construction Cloud. The platform handles compliance, contractor management, and site operations with AI tooling from OpenAI and Anthropic.
BuildPass joins a small cohort of Australian software companies setting up operational US bases rather than managing remotely. The 20% revenue contribution in six months suggests strong product-market fit, though the company has not disclosed US team size, comp structure, or quota metrics.