Fieldwire just raised $33.5 million more to give PlanGrid and its new owner Autodesk a run for their money

TechCrunch | 9/16/2019 | Staff
cindy95240 (Posted by) Level 3
Click For Photo: https://techcrunch.com/wp-content/uploads/2019/09/office-sign-angled.jpg?w=601










Fieldwire, which makes task management software for construction teams that helps organize everyone involved in a project so things don’t fall through the figurative (or literal) cracks, has raised $33.5 million in Series C funding led by Menlo Ventures, with participation from Brick & Mortar Ventures, Hilti Group, and Formation 8.

It isn’t a huge amount of money. Still, the traction Fieldwire is enjoying might give the folks at Autodesk some pause, given the growing threat it presents to PlanGrid — a rival that Autodesk acquired last year for $875 million.

Fieldwire - Employees - San - Francisco - Rest

Already, six-year-old Fieldwire has 65 employees, with 45 of them in San Francisco and the rest in Phoenix, plus a smaller outpost in France. And founder and CEO Yves Frinault says the company expects to have closer to 150 employees by next summer.

Because Fieldwire grows from the bottom up, meaning it targets teams who then use it for projects that are then run by numerous enterprises that work on various projects with other teams that can then also adopt the software, it has spread particularly quickly throughout North America, which counts for 70 percent of its volume. Fieldwire is also making inroads in Europe, where 15 percent of its revenue is coming and, to a lesser but growing extent, Australia.

Software - Languages

Altogether, its software is localized in 13 languages.

It employs a freemium model....
(Excerpt) Read more at: TechCrunch
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!