Construction tech startup Mechasys lays out blueprint to scale with $23-million Series A

Montréal-based startup Mechasys has secured $23 million in Series A funding to amplify the production of its XR Projector, a laser projection device for construction sites. The investment, led by Idealist Capital with participation from Fondaction, will aid in scaling production, client onboarding, and further product development. Despite challenges from tariffs impacting profit margins, Mechasys plans to triple its workforce and expand its market internationally, with most revenue already coming from global sales. The company is committed to manufacturing in Canada and aims to improve construction efficiency worldwide with its innovative technology.