ConstructSecure, a Burlington, MA-based Partner Elevation Platform for capital projects and operations, raised $96 million in a growth funding round led by Summit Partners.
The company intends to use the funds for further product development and expand its business reach.
Company: ConstructSecure, Inc.
Round: Growth Funding
Funding Month: January 2022
Lead Investors: Summit Partners
Company Website: https://www.constructsecure.com/
Software Category: Risk management software
About the Company: Led by Austin Merritt, CEO, ConstructSecure provides builders and owners of capital projects with a software platform to elevate the capabilities of their partners and mitigate risk across capital project lifecycles. Originally started as an internal risk assessment system at Harvard University, the company serves organizations such as Skanska, Merck, and Bond Brothers. Today, the platform is used to power over $35 billion of combined assets and projects with contracting partners in 62 countries around the globe. In 2021, ConstructSecure opened a new headquarters in Burlington, Massachusetts, and the team plans to open a second office in Boise, Idaho in 2022.