Lupa Technology Raises $1.8 Million to Expand Globally

Lupa Technology, a Serbian-US data management platform, recently closed a $1.8M investment round led by South Central Ventures, with the participation of World Bank/EU Commission. The new funds will be used for global expansion.

Founded in 2021, Lupa is a cloud-based SaaS designed for the construction industry. The platform helps companies turn their data into an asset by mining and unifying data from other platforms, processing documents, offering construction-specific workflows, and using generative AI insights and reporting. Lupa is headquartered in New York and Belgrade, with primary markets in the USA, UK, EU, and GCC regions.

Lupa Technology’s CEO, Vladimir Milovanovic, expressed excitement about the investment, highlighting the platform’s maturity and practical impact on businesses. The company’s platform has been gaining significant traction in the market and is helping clients make significant progress in their digital transformation efforts.

According to Goran Stevanovic, Partner at South Central Ventures, Lupa Technology’s innovative approach and deep understanding of construction challenges make them a key player in enhancing operational efficiencies in the industry. The investor is thrilled to support Lupa’s disruptive AI-driven solutions in the construction sector and is impressed with the quality and dedication of the Lupa team.