Mechasys, a Montréal-based construction tech startup, has raised $23 million CAD in a Series A round led by Idealist Capital, with participation from returning investor Fondaction.
The raise brings the company’s total funding to more than $30 million.
The fresh capital will go toward scaling production of the company’s patented XR Projector, expanding customer onboarding, and accelerating hardware and software development.
Building it right the first time
Founded in 2018 by William St-Pierre, Charles Ha, and Jonathan Lefebvre, Mechasys pivoted from 3D-printed wall panels to laser projectors after identifying demand for accurate on-site visualization tools.
The XR Projector beams layout plans onto construction surfaces with millimetre accuracy, reducing errors and rework. Its software suite allows teams to modify blueprints in real time using computer vision, with AI-powered customer support on the roadmap.
Mechasys’ third-generation projector is already in use at 200 construction sites worldwide, including projects by VINCI Construction, which said the system halves layout time while boosting quality control.
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Scaling globally
Currently a 25-person team, Mechasys plans to triple headcount over the next year, particularly in sales and customer service, as it scales internationally. Around 95% of revenue comes from global markets, with deployments tested in environments ranging from Québec winters to Dubai heat.
Despite tariff pressures on aluminum supply, the company manufactures in Montréal, absorbing costs to maintain pricing stability. Mechasys expects $2.5M in sales for 2025, growing to $13M in 2026.
The company was also selected for Québec Tech’s Stage V scaleup program, providing financial support and international expansion resources.
