TraceAir, a construction site development platform, has completed a $3.5M Series A funding round led by London-based XTX Ventures.

XTX was joined joined by an international pool of investors. With the prior seed investment, Round A brings the total capital raised by TraceAir to $7M.

The new investors joining the round are Liquid 2 Ventures, GEM Capital, GPS Ventures, and Andrew Filev (CEO Wrike). Existing investors, including Metropolis.VC, as well as the US construction industry leaders Independent Construction and ENGEO, also supported the round.

TraceAir is a software solution that helps construction teams better communicate and collaborate in order to monitor, track quantities, plan and manage jobsites. TraceAir's software, powered by drone data, helps clients to complete construction projects on time and within budget.