MONTRÉAL, Canada — August 26, 2025 — Mechasys, a leader in projected reality technology for the construction industry, has announced the successful close of a $23 million funding round. The investment, led by Canadian growth equity fund Idealist Capital with renewed support from existing backer Fondaction, will accelerate the global rollout of Mechasys’ third-generation XR Projector, an innovation already changing how construction layouts are executed worldwide.
The XR Projector eliminates guesswork by projecting true-to-scale 1:1 layouts with millimetric accuracy directly onto surfaces. This advancement helps contractors reduce costly errors, speed up work, and improve collaboration between trades. The system has already been adopted on more than 200 projects across over a dozen countries, proving its ability to cut layout times dramatically while improving quality control on job sites.
Samy Merry, Innovation Manager at Solutions Habitat, part of the French Building Division of VINCI Construction, emphasized the tool’s impact:
“The XR Projector not only cuts layout time by half, but also enhances quality control, allowing for earlier and more effective self-monitoring. Its simplicity enables us to reallocate building trades internally, reducing our subcontractor dependency.”
Fueling Growth Through New Capital
The $23 million infusion will allow Mechasys to increase manufacturing capacity, expand its global distribution network, and strengthen local customer support. The goal is to ensure contractors around the world can access the technology while also receiving on-the-ground support for deployment and training.
CEO William St-Pierre described the moment as a turning point:
“The arrival of the XR Projector marks a turning point in the construction industry, and this prominent investment enables us to scale its deployment to job sites around the world. It provides workers the simplest and most accurate way to lay out BIM and CAD files directly on-site—even in the most challenging conditions. We believe it will set a new standard for construction layouts and redefine the industry’s reliance on traditional tools.”
Investor Confidence in the Future of Construction Tech
For investors, the XR Projector represents a leap forward in efficiency and sustainability.
Steeve Robitaille, Co-Managing Partner at Idealist Capital, noted:
“We believe Mechasys’ solution marks a leap forward for construction layout. We’re impressed by the management team’s clear vision and strong execution in commercializing this solution across international markets.”
Adding to that perspective, Alain Longpré, Deputy Head of Impact and Sustainable Investments at Fondaction, highlighted the environmental value:
“Fondaction and the Circular Economy Fund are pleased to join Idealist Capital in the accelerated deployment, both locally and internationally, of an innovative technology that enables the construction industry to improve productivity and reduce the amount of waste and materials sent to landfill.”
Transforming the Jobsite
Unlike traditional chalk lines, tape measures, or manual CAD transfers, the XR Projector allows teams of all skill levels to accurately visualize designs in real-world conditions. This reduces reliance on specialized subcontractors, helps eliminate costly mistakes, and speeds up complex projects. By streamlining construction layouts, Mechasys aims to position itself as the new industry standard for digital-first job sites.
The product is currently available through Mechasys’ network of authorized dealers, with expansion efforts underway to reach emerging markets in Europe, Asia, and North America.
About Mechasys
Mechasys is a global technology company pioneering Projected Reality solutions for the construction and manufacturing industries. Its mission is to bring precision within reach of every worker by designing simple, reliable tools that enhance productivity and reduce waste. The company’s flagship XR Projector translates digital blueprints into accurate, real-world layouts, redefining construction accuracy and efficiency. Learn more at www.mechasys.ca.
About Idealist Capital
Idealist Capital is a Canadian growth equity investor dedicated to accelerating the transition to a low-carbon economy. It provides businesses with growth capital to scale proven, sustainable solutions. Learn more at www.idealist.capital.
About Fondaction
Fondaction is a Quebec-based investment fund supporting businesses that drive positive economic, social, and environmental change. With more than $3.99B in assets under management, Fondaction focuses on initiatives that create jobs, reduce inequalities, and fight climate change. Learn more at www.fondaction.com.
Originally reported by Mechasys in Construction Dive.