On any given day, a hundred things can be happening simultaneously on a construction site. Keeping track of crews, equipment, scheduling and compliance has traditionally involved spreadsheets, whiteboards and hand-scribbled notes.
Assignar, a construction software startup, is aiming to simplify the industry’s outdated methods of communication with an all-in-one operations platform. This week, the company announced that it had raised $20 million in a Series B round of funding, led by Fifth Wall, a proptech-focused venture capital firm.
The round included returning investor Tola Capital and new investor Ironspring Ventures. Vik Chawla, partner at Fifth Wall, will join Assignar’s board of directors. Assignar plans to use the capital to expand its business across North America and hire new employees across all departments.
Funding will also be allocated to research and development and product development to further improve the platform. Planned features include an interface that improves project visibility for all workers and an AI-powered schedule recommendation system.
“For years, the construction industry has lacked a well-designed and ubiquitous operations platform,” said Chawla in a press release. “Assignar offers a unique solution that makes projects easier for large general contractors, developers, and real estate owner-operators who seek the best real-time snapshot of granular field activity.”
Assignar has raised $31 million since its founding in 2014 by Sean McCreanor and Marko Tomic. The company got its start in Australia before relocating to Denver, Colorado, although it maintains an office in Sydney. McCreanor was himself a general contractor, frustrated by the disconnect between the office and the job site. Assignar touts an international client base and serves a wide range of industries beyond construction, from oil and gas to rail and electrical.
“We recognize that our customers will serve the demands of the infrastructure investments being planned across the United States, Canada, Australia and other markets” said McCreanor. “We’ll be there to help them identify how to scale, investing more deeply in our platform and insights with this fundraise.”