Bridgit Raises $24M CAD to Provide Workforce Intelligence for Construction
Bridgit, a “workforce intelligence” technology company that is focused on the construction industry, announced that it has raised CAD$24 million, or about US$19.4 million, in Series B funding. Camber Creek and Storm Ventures co-led the financing, which brings the Toronto-based startup’s total raised to more than CAD$35 million. Nine Four Ventures also put money in the round, along with existing backers BDC Capital’s Women in Technology Venture Fund, StandUp Ventures, Sands Capital and Vanedge Capital.
“General contractors are in the business of managing risk — ensuring you have the right people on the right project in order to reduce risk is difficult at the best of times,” CEO Mallorie Brodie said. “Up until now, general contractors had no better option than to complete their people-planning efforts in spreadsheets. That’s a manual lift, and often more of a reactive than proactive process. Given the added pressures of the labor shortage that the industry is facing, building a proactive ‘people strategy’ is top of mind for builders across North America.”
The company launched its first product, Bridgit Field, in March 2014. In 2019, it brought its second product, Bridgit Bench, to market. Built for construction workforce planning, cloud-based Bench has become Bridgit’s flagship offering.
The funding will be used to grow and invest in the team, to deliver more value to customers, and to ultimately further the lead in the market.
Announcement: Bridgit Raises $24M CAD to Provide Workforce Intelligence for Construction