Miter, a San Francisco, CA-based HCM, field operations, and expense management platform built for contractors, has secured $23 million in latest funding.
Investors
The round was led by existing investors Bessemer Venture Partners and Coatue Management LLC.
Bessemer Venture Partners is a venture capital firm that supports entrepreneurs across the enterprise, consumer, and healthcare sectors. With over 145 IPOs and more than 300 portfolio companies, Bessemer backs founders and CEOs from their early days through every stage of growth. The firm manages over $20 billion in assets and operates globally, with hubs in Silicon Valley, New York, London, Bangalore, Tel Aviv, and Beijing.
Coatue Management LLC is an investment management firm specializing in technology-focused investments across public and private markets. It manages approximately $84.3 billion in assets across 133 funds. Coatue’s private investment portfolio includes over 200 technology companies across 23 countries, with over 60 successful exits. The firm is headquartered in New York City, with additional offices in Menlo Park, California; London; Hong Kong; and Shanghai.
Miter Use of Funds
The company will use the funding to support its continued growth, including platform development and expansion into new markets.
About Miter
Founded in 2021, Miter provides cloud-based HCM, field operations, and expense management solutions for the construction and field service industries. Its platform connects people, projects, and payments, helping businesses manage teams, control costs, and accelerate jobsite execution. Miter’s features include job costing, payroll compliance, time tracking, and benefits administration. Serving over 700 contractors, the platform integrates seamlessly with major construction ERPs and project management tools. The company’s long-term vision is to make it faster and easier to build critical infrastructure such as energy systems, housing, transportation, and data centers.
Funding Details
Company: Miter HR, Inc.
Raised: $23.0M
Round: Undisclosed
Funding Date: May 2025
Lead Investors: Bessemer Venture Partners, Coatue Management LLC
Additional Investors:
Company Website: https://www.miter.co/
Software Category: HCM / Workforce Management
Source: https://www.businesswire.com/news/home/20250519455411/en