Fieldwire provides a mobile-first field management platform for construction teams, enabling project managers, engineers, and craft workers to track and coordinate work from any device. The platform emphasizes labor coordination and is used on more than 500,000 projects worldwide, with the company stating it saves users more than 1 hour per day per person on average. Investors describe Fieldwire as cash-flow positive with a strong growth rate and a capacity to expand customers from small crews into large enterprise deals. Fieldwire is headquartered in San Francisco and has opened offices in Phoenix and Paris, with plans to open an additional office in Australia before the end of 2019 and to reach 150 employees by summer 2020. Yves Frinault is CEO and has emphasized staying nimble and customer-focused as the company grows. The company intends to use the new funding to fuel research and development and to further international expansion. Fieldwire is a mobile field management platform that connects workers in the field with their counterparts in the office via an easy-to-use mobile application for task management and real-time collaboration. The platform enables users to capture, organize, and access up-to-date drawings and files on- and offline, and it powers over 200,000 construction projects worldwide. Fieldwire reports saving its users an average of 20 hours per month on projects and cites deployments such as the Moscone Center and Fifth Avenue Presbyterian Church. The company was founded in San Francisco in 2013 by a core team of construction and software engineers from Stanford, Berkeley, and MIT, and is backed by Bloomberg Beta, Trinity Ventures, Formation 8, and Brick and Mortar Ventures. Under a new strategic partnership with Hilti, Fieldwire plans to integrate its digital offering with Hilti's on-site tools (including Rangemeters) to create a more end-to-end field experience and shift focus to workers on jobsites. The partnership includes an undisclosed strategic investment from Hilti and a Hilti board seat; the articles do not disclose revenue, valuation, or the exact instrument of the investment. Fieldwire is a task-management and collaboration platform for construction, described in the article as more like “Asana for construction” (focusing on tasks) versus competitors that digitize blueprints. The product targets foremen, subcontractors and on-site labor to coordinate tasks and reduce idle time. At the time of reporting there were 35,000 projects on the platform owned by about 1,000 companies, and Fieldwire reports projects in 100 countries. The company offers a free tier for teams up to 15 people and charges $20–$30 per user per month for larger teams. Fieldwire had a very small team (five people) that had doubled in the prior four months and operates with a primarily engineering staff and no traditional sales or marketing unit. The founders describe a bottoms-up distribution approach and are pursuing the global construction market, which they cite as an $8.5 trillion annual spend opportunity. Fieldwire provides a website and mobile app that let project managers and foremen create, prioritize, and quickly reorganize task lists for active construction projects. The app enables field workers to document issues and receive updated instructions in real time, reducing downtime and improving on-site productivity. Fieldwire operates a freemium model—first three users are free, then the company charges $20 per person per month for premium features. Because project team sizes vary, the company is seeing more clients agree on seat counts and purchase enterprise licenses. The startup plans to use recently raised funding to support sales efforts and bring on more clients. The founding team includes Stanford and MIT engineers and CEO Yves Frinault, who founded the company after summers spent on construction sites. At the time of the report the company had a team of six.

Total raised

$41M

Funding rounds

4

Latest round

Equity

Latest activity

Sep 2019