Graphein, the highest quality provider of topography, 3D scanning, and cadastral services on the Romanian market, today announced a strategic minority investment from Cascada Investments, a provider of private capital solutions in Romania. The financing will support organic growth and acquisitions on the local market while continuing the integration of digital services.
The investment follows Graphein’s 140% growth in turnover during 2022. Moreover, the investment will contribute to Graphein’s research and development (R&D) efforts and to the development of its partnership network, enabling national coverage and international expansion in several European countries.
“We desired a new financial and strategic partner with relevant experience at the local and international levels,” said Eugen Ursu, CEO and co-founder of Graphein. “Attracting an investment partner provided access to capital, strategic guidance, and operational expertise. We found a match with Cascada Investments, particularly for their ability to help develop the management team throughout the divisions in which Graphein operates. Over the next period, we will become leaders in implementing Autodesk Construction Cloud solutions on the Romanian market and be recognized as integrators of Building Information Modeling (BIM) in the construction and infrastructure industries.”
“We believe Graphein will lead the digitalization of construction and infrastructure measurement services. We are excited to partner with such a committed, professional, and ambitious team. Our collaboration will facilitate continued local market expansion and broadening international projects as clients realize the benefits of high-quality technology-enabled service delivery,” said Brian Starr, Managing Partner of Cascada Investments, who has joined the Graphein Board of Directors.
Graphein, founded by Eugen Ursu and Andrei Șueran in 2014, has rapidly expanded its business to six locations at the national level and garnered industry awards for excellence in innovation and technology. By working with Graphein, the real estate and infrastructure construction industries can use innovative technologies, such as VR, AR, and AI, to help reduce costs and time in construction, as well as monitor these significant investments.