Bridgit, a Kitchener, Canada-based construction-software company, raised $7 million in growth capital financing from CIBC Innovation Banking.
This investment will empower Bridgit to accelerate its expansion and drive innovation in the construction technology space.
Bridgit offers a workforce planning and optimization platform that converts workforce data into actionable insights, empowering contractors to effectively bid on and staff projects. The platform has gained significant traction in the construction industry, with 30% of top American contractors utilizing it to plan their resourcing needs.
Over the past year, Bridgit has been actively enhancing its platform, introducing 52 new features to further improve its functionality. Additionally, the company has announced 16 integrations with industry-leading companies like Procore, Autodesk, and Trimble.
“It was important for us to work with a debt provider that understood our vision and we’re excited about the massive opportunity for new and innovative solutions in the construction industry,” said Mallorie Brodie, CEO at Bridgit. “Post-closing, Amy and her team have continued to support us with their extensive industry experience.”
Company: Bridgit, Inc.
Raised: $7.0M
Round: Growth Round
Funding Month: July 2023
Lead Investors: CIBC Innovation Banking
Additional Investors:
Company Website: https://gobridgit.com/
Software Category: Construction Software
About the Company: Founded in 2014 by Lauren Lake, and Mallorie Brodie, Bridgit is a construction software company that provides construction workforce intelligence solutions. Bridgit’s mission is to help the construction industry maximize profits by taking a people-first approach. Bridgit works with construction industry leaders like Skanska, Balfour Beatty, and Ryan Companies, among others.
Source: https://www.businesswire.com/news/home/20230711357945/en/CIBC-Innovation-Banking-Provides-7-Million-in-Growth-Capital-Financing-to-Bridgit