Opteam, a UAE-based Construction Tech startup, has successfully closed its pre-seed funding round, led by Plus VC, with participation from Dar Ventures, SIAC Ventures, and Oraseya Capital. Founded in 2020 by Dr. Tarek Hegazy and Ahmed Hegazy, Opteam aims to transform the construction industry by offering advanced tools for monitoring progress, intelligent scheduling, and real-time dashboards.
Bridging the Gap Between Complexity and Efficiency
Opteam was founded with a mission to address the challenges of construction project management, which often suffers from inefficiencies, delays, and cost overruns.
- Dr. Tarek Hegazy, a professor and researcher with over 20 years of experience in computational project management, designed Opteam to bridge the gap between project complexity and efficiency.
- Ahmed Hegazy, a seasoned software sales executive, brings expertise in scaling software solutions globally.
“The Middle East suffers from the highest amount of time and cost overruns globally and is desperate for a solution,” says Dr. Tarek.
“Opteam is a tool that will finally automate so many of the manual tasks in construction.”
A Strategic Group of Investors
Opteam’s pre-seed round has brought together key players in construction, venture capital, and the MENA startup ecosystem.
Ahmed Hegazy, co-founder and CEO, shared:
“We are thrilled to partner with Plus VC! Having them on board rounds off our extremely strategic group of investors, spanning key players in the construction industry, the MENA region, and the startup ecosystem. Plus VC has a strong reputation in the startup world, known for backing and investing in disruptive companies. They will be a key player in our mission to penetrate this massive industry and change how companies approach project management.”
The funds will be used to:
- Enhance AI-driven solutions for construction project management.
- Expand the team and capabilities.
- Establish a strong presence in UAE and Saudi Arabia.
Hasan Haider, Managing Partner at Plus VC, commented:
“Opteam is breaking new ground in construction technology, addressing some of the industry’s most persistent challenges with innovative solutions. It’s a transformative tool for the construction industry, setting new benchmarks for unmatched efficiency and profitability.”
Redefining How Construction Projects Are Managed
Opteam leverages AI-driven automation and real-time insights to improve how construction companies manage data, schedules, and resources. Key features of the platform include:
- Advanced data analytics for actionable insights.
- Mobile progress tracking for on-site efficiency.
- Automated schedule optimization, reducing weeks of work to minutes.
- Real-time dashboards for monitoring progress and addressing delays.
Opteam’s vision is ambitious: to reduce infrastructure resource requirements by 30%. This goal reflects its commitment to improving productivity and reducing inefficiencies in the construction sector.
Investor Confidence in Opteam’s Potential
Investors believe Opteam’s platform is poised to disrupt the construction industry:
Faysal Shair, Co-Founder and Director of Dar Ventures, said:
“For nearly 70 years, Dar has been part of the architecture, engineering, and construction industry. Opteam has developed a strong business case by disrupting project management on construction sites to facilitate progress and deliver better outcomes. We truly believe in Opteam’s disruptive and pioneering technology and its ability to successfully manage complex schedules and resources during the construction phase of projects.”
A Transformative Future for Construction Innovation
Opteam’s goal is to simplify and digitize construction project management, a sector traditionally plagued by inefficiencies and manual processes. By providing a user-friendly platform, the startup enables construction teams to:
- Monitor progress with real-time updates.
- Reduce delays and optimize resource use.
- Automate tedious manual tasks, allowing teams to focus on what matters most.
“Our strategy is to accelerate our growth as the sole platform for generative scheduling in construction,” said Ahmed Hegazy.
“We are very excited to ramp up our activities and make something truly special.”
