LaunchVic tips HammerTech for unicorn status

Construction operations software vendor HammerTech has been tipped by Victorian startup agency LaunchVic to achieve unicorn status by 2030.

The company was founded in 2015 and has since grown to serve hundreds of clients and thousands of construction projects across Australia. It was named one of nine top emerging startups in the first tranche of LaunchVic’s 30X30 program.

The program aims to see 30 Victorian startups each achieve a valuation of $1 billion or more by 2030. It offers mentoring and other support to chosen companies seen as having strong unicorn potential. Further cohorts will be named in 2023 and 2024.

“We are privileged to have been selected in the inaugural cohort by LaunchVic to participate in the 30X30 program. As a business that started and is headquartered in Melbourne, we are delighted to receive such a clear recognition of our achievements to date and endorsement of our potential,” said HammerTech CEO Ben Leach.

“As HammerTech continues to scale, respond to evolving customer needs and innovate our platform, the LaunchVic program will provide an invaluable support network of people and resources to guide our journey. The mentoring and learning programs for our operations team, and connections made through the 30X30 program, are already paying dividends.

“Our mission is to help make construction sites safer and more productive globally and we are thankful LaunchVic are supporting us in these efforts,” he said.

Image credit: iStock.com/niphon