LiveCosts cost control platform receives funding from Nemetschek Group

The Nemetschek Group, a software provider for the AEC/O industry, has announced the initial investment in the Irish startup LiveCosts in the form of initial funding. 

“We basically tell contractors if they are making money or not”, summarises Ciaran Brennan, CEO of LiveCosts (Photo: AdobeStock)

LiveCosts are said to have simplified cost control with software that connects the office to the field. The team offers a Software-as-a-Service product that connects to a company’s accounting system while providing dashboards that power profitable projects.

“We basically tell contractors if they are making money or not”, summarises Ciaran Brennan, CEO and one of the co-founders of LiveCosts the benefits of the software.

“Excel and spreadsheets are still important tools but in a world of machine learning, digital tools, process automation and system integration, they are no longer an efficient and effective method to manage a company’s project finances”, he adds.

LiveCosts was launched in 2020 after two extensive years of research – and was meant to solve the team’s own issues during a construction project. 

“With the support of the Nemetschek Group and our initial funding, LiveCosts can tap into new markets and broaden their portfolio. We are excited to be part of this journey and enabling construction teams of all sizes to gain better project insights”, explains Tanja Kufner, Head of Startup & Venture Investments at the Nemetschek Group.

Delivered directly to your inbox, Construction Technology Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Danfoss launches software to accelerate autonomous machine development
The software consists of preprogrammed and pretested software blocks built into Danfoss’ XM100 autonomous controller hardware
How can construction firms bring order to complex supply chains using technology?
Matt Bloor explores how technology can change the way companies manage their supply chains
VIDEO: Autonomous excavator builds six-metre-high stone wall
Researchers have developed an autonomous spider excavator capable of building stone walls by itself.
Andy Brown Editor, Editorial, UK - Wadhurst Tel: +44 (0) 1892 786224 E-mail:
Mike Hayes Editor, Construction Europe Tel: +44 (0)1892 786 231 E-mail:
Catrin Jones Deputy Editor, Editorial, UK – Wadhurst Tel: +44 (0) 791 2298 133 E-mail:
Eleanor Shefford Sales Manager Tel: +44 (0)1892 786236 E-mail: