• Rhumbix

  Participated · Equity · Oct 2017

  Rhumbix is a mobile-first construction platform that connects field and office with data-driven reporting for general contractors, trade contractors, and owners. Founded in 2014 by Zach Scheel and Drew DeWalt and based in San Francisco, CA, the company focuses on digitizing field workflows and reporting. Rhumbix raised $11M in growth funding in the reported round, bringing total capital raised to $49M. The company said it will use the proceeds to expand its product and go-to-market teams. Recent hires include Bill Smith as President of Commercial Operations and Rob Blau as Vice President of Engineering. Rhumbix offers the Field Intelligence platform, a cloud-based mobile workforce management solution that collects and digitizes data from paper-based construction workflows. The platform is available on both Android and iOS. Its data capture aims to ensure owners, general contractors, and subcontractors have timely information to make decisions and draw actionable insights. The company is led by co-founders and executives Zach Scheel (CEO) and Drew DeWalt (COO). Rhumbix intends to use the proceeds from its recent financing to continue expanding operations and broaden its business reach. The company is based in San Francisco, CA. Rhumbix offers a mobile app and web platform that digitizes and standardizes field data for construction sites, including time and attendance, production tracking and benchmarking, daily reporting, field work orders, QA/QC inspections, and health and safety reporting. Data collected in the mobile app is immediately viewable in the Rhumbix web app, where users can track labor productivity and budget versus actual performance each day. The platform is used by 12 of the ENR Top 30 general contractors and subcontractors in the United States. Rhumbix is led by CEO and co‑founder Zach Scheel and COO and co‑founder Drew DeWalt. The company is based in San Francisco, CA. The company closed an $8M funding round led by Autodesk. Rhumbix offers a cloud-based Field Intelligence Platform, a mobile workforce management solution that collects and digitizes data from previously paper-based construction workflows. The platform is designed to modernize construction field operations and support smart construction sites. It is currently used by seven of the top 20 builders in the United States. Led by co-founder and CEO Zach Scheel and co-founder and COO Drew DeWalt, the company is focused on expanding product capabilities and customer adoption. Rhumbix closed a $7.35M funding round to support those efforts. The company intends to use the funds to invest in products in development and to expand its sales and marketing teams. Rhumbix offers a role-based mobile app for construction teams that exposes different data views to project managers, foremen, and other users. The platform leverages smartphone navigation and geolocation to derive worker locations, anonymizes data to the crew level, and uses those signals to enable accurate cost-code accounting and labor payment. Rhumbix tracks hours, pay, benefits, and other compensation components tied to hundreds of cost codes on a jobsite. The product also reduces idle time, prevents colocation and double-parking, and collects user feedback and usage data to surface operational best practices. Founders Zachary Scheel and Drew DeWalt are Stanford GSB alumni and former Naval engineers; their military tracking experience informed the product design and crew-anonymization approach. The company is beginning to rack up clients, including Anvil Builders and subcontractors on the Salesforce tower, and recently closed a $6M Series A.

• Aquicore

  Led · Series A · Jun 2016

  Aquicore offers a cloud-based smart building platform that enables commercial real estate portfolio and property teams to remotely monitor energy and facilities and transform operations and maintenance routines. The system links on-site action with financial, energy and operational outcomes to help executives and property teams understand building performance, prioritize investments, coordinate project execution, and measure impacts across a portfolio. The platform is currently deployed with commercial real estate leaders at more than 1,000 commercial buildings nationwide, optimizing more than 275 million square feet of real estate. Led by founder and CEO Logan Soya and based in Washington, DC, Aquicore will use its newest funding to continue advancing its cloud platform. The company also intends to use the funds to expand into the European market. To date, Aquicore has raised a total of $33m in capital. Aquicore offers comprehensive energy analytics and automation solutions for commercial real-estate, delivering a scalable cloud-based platform to deploy, collect and analyze real-time electricity, water and gas data. The platform includes robust data visualization and a full-stack building portfolio solution designed for owners, managers, engineers and sustainability teams to operate more efficiently. Aquicore's technology is deployed in over 500 buildings and its client roster includes Vornado, Under Armour, and Lincoln Property Company. Founded in 2013 by Logan Soya, the company positions itself as an emerging leader in uniting the connected environment. Aquicore says it will use new funding to bring more ambitious innovations to market and expand in an impactful, deliberate way for current and future customers. The company recently completed a fundraise that management expects will support product development and sales growth. Aquicore offers a building energy analytics platform, automated utility invoicing, meter management tools, and complementary hardware to read and compile utility and submeter data in real time. Its solution automates data collection and delivers actionable intelligence to building owners, managers, engineers, and sustainability teams. The company reports its technology is deployed in over 500 buildings across the United States and has grown its team from five members at launch to 28. Aquicore says bringing disconnected meters online could save an estimated $40 billion annually and reduce nearly 30% of unnecessary consumption. With the new capital, the company plans to continue expansion into key U.S. markets and reach additional stakeholders responsible for building operations.

• 1776

  Participated · Equity · Apr 2016

  1776 is a Washington, D.C.-based global innovation network that supports startups through the 1776 Seed Fund. It operates the Challenge Cup and the Startup Federation, a network of incubators throughout the world, and organizes events where entrepreneurs, change-makers, and policy leaders convene. The company is led by co-founders and co-CEOs Donna Harris and Evan Burfield. In a strategic investment announced via FinSMEs on 03/04/2016, 1776 raised $7.2m to scale its global networks. The company intends to use the funds to expand and scale its global programs and connections. The article does not disclose operating metrics or prior funding rounds.

No current team members are available.