How Much Did Fieldwire Raise? Funding & Key Investors

Fieldwire has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers comprehensive jobsite management solutions tailored for construction teams.

Keep reading to explore the intricacies of Fieldwire's fundraising journey and the investors backing this innovative platform.

What Is Fieldwire?

Fieldwire, founded in 2013 by Javed Singha and Yves Frinault, is headquartered in San Francisco, California. The company specializes in providing a comprehensive field management platform for construction professionals.

Fieldwire's platform offers a range of features including plan viewing, task management, and real-time messaging, making it an essential tool for both general and specialty contractors. The platform is designed to streamline jobsite management and improve efficiency.

With a team of 101-250 employees, Fieldwire continues to innovate and expand its offerings, solidifying its position as a leader in construction management solutions.

How Much Funding Has Fieldwire Raised?

1. Convertible Note
   • Amount Raised: Not publicly disclosed
   • Date: January 2013
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the company and develop the initial version of the platform.
2. Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: September 2014
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop the platform and begin market testing.
3. Seed Round
   • Amount Raised: $1.1M
   • Date: February 2015
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the team and enhance product features.
4. Series A
   • Amount Raised: $6.6M
   • Date: October 2015
   • Lead Investors: Formation 8
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and increase market penetration.
5. Series B
   • Amount Raised: Not publicly disclosed
   • Date: February 2018
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate growth and expand the customer base.
6. Series C
   • Amount Raised: $33.5M
   • Date: September 2019
   • Lead Investors: Menlo Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To fuel R&D and expand internationally.

Total Amount Raised: $41.2M

Current Valuation: Not publicly disclosed

Key Investors

• Menlo Ventures
  • Details: Menlo Ventures is a venture capital firm that invests in various stages of companies, from seed to growth. Tyler Sosin from Menlo Ventures joined Fieldwire’s board of directors.
  • Investment Focus Areas: Technology, healthcare, consumer services
  • Notable Investments: Uber, Roku, Warby Parker
• Brick & Mortar Ventures
  • Details: Brick & Mortar Ventures is a venture capital firm focused on technology solutions for the construction and real estate industries. Darren Bechtel from Brick & Mortar Ventures joined Fieldwire’s board of directors.
  • Investment Focus Areas: Construction technology, real estate, architecture
  • Notable Investments: Rhumbix, BuildingConnected, ManufactOn
• Hilti Group
  • Details: Hilti Group is a global company that provides products, systems, and services to the construction industry. They participated in Fieldwire’s Series C funding round.
  • Investment Focus Areas: Construction, building maintenance, energy
  • Notable Investments: Primarily focuses on internal R&D and strategic partnerships
• Formation 8
  • Details: Formation 8 is a venture capital firm that invests in early-stage technology companies. They were a key investor in Fieldwire’s Series A and Series C rounds.
  • Investment Focus Areas: Early-stage technology, transformative technologies
  • Notable Investments: Oculus VR, RelateIQ, Illumio

What's Next for Fieldwire?

Fieldwire stands at the cusp of a significant opportunity to digitize the construction industry, a sector that represents 10% of the world's GDP. With its platform already used in over 500,000 projects globally, the company is poised to expand its market presence, particularly in North America, Europe, and Australia. The recent $33.5 million Series C funding will fuel R&D and international expansion, including a new hub in Australia.

Future fundraising opportunities seem promising as Fieldwire continues to grow and innovate. The company's ability to attract high-profile investors like Menlo Ventures and Brick & Mortar Ventures suggests potential for additional funding rounds. However, challenges such as ensuring technology adoption in the field and competing with established players like PlanGrid and Autodesk remain. Navigating these hurdles will be crucial for Fieldwire's sustained growth and success.

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