[tc_contributor_byline cb_profile=”http://crunchbase.com/person/julie-ruvolo” slug=”julie-ruvolo”]
Brazilian startup Construct is announcing a R$1 million angel round to bring real-time project management to Brazil’s famously inefficient construction industry.
Construct co-founders Drew Beaurline and Patrick Albert are taking on one of the nation’s most corrupt and bureaucratic industries – possibly a job only twenty-something foreigners with no particular background in construction would be naïve enough to attempt.
Take Exhibit A: Petrobras, the state-run oil company and crown jewel of the Brazilian economy until a scandal of unprecedented proportions revealed Petrobras executives had been awarding Brazil’s biggest construction firms contracts in exchange for kickbacks. The damage stands at $16 billion so far — $2 billion which went directly into the hands of corrupt firms and executives — and this week heads of two of the top construction firms in Latin America, including one that built the Sao Paulo stadium for World Cup, were arrested
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