Bridgit raises $2 million to drive product development & revenue growth
The funding will support the development of new modules for Bridgit's construction software.
KITCHENER, ON (NOVEMBER 1, 2017) -- Bridgit, a leader in mobile construction management, has raised $2 million, in a round of funding led by Stand Up Ventures and MaRS IAF.
Bridgit's construction software simplifies communication and site management for developers, general contractors, and subcontractors. Bridgit was launched in 2014 by co-founders Mallorie Brodie and Lauren Lake. Today, their software has been used on thousands of construction projects across North America.
"StandUp Ventures is pleased to invest in Bridgit," said Michelle McBane, Investment Director of MaRS IAF and StandUp Ventures. "Today Bridgit is used by hundreds of contractors across Canada and the U.S. We're excited to support the team as they continue to transform the construction industry in markets around the world."
The funding will be used to enhance Bridgit's product and drive growth in new markets.
"In 2017, we ramped up our development efforts, increasing the number of releases by nearly 300%," explained Brodie, Bridgit co-founder and CEO. "This funding will help us move faster, and deliver more value to our users."
Bridgit's product saw some major enhancements in 2017, including the launch of an Android app and a data-driven feature called Project Insights. "This is just the beginning," Brodie confirmed. "New product modules are on the horizon, which the industry hasn't seen before."
About Bridgit Inc.
Launched in 2014, Bridgit is a Canadian software company focused on developing mobile-first solutions for the construction industry. Bridgit's mobile software solutions are used by leading general contractors, engineering firms and real-estate developers across North America.