Ontario construction software firm Bridgit raises $6.2-million [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Ontario construction software firm Bridgit raises $6.2-million The company now known as Bridgit Inc. began with what founders Mallorie Brodie and Lauren Lake call “crane hunting” – scouring London, Ont., for construction sites, looking for problems to solve. They found a few. And they’ve raised another $6.2-million to keep solving them. Bridgit focuses on construction-project management, helping a client base made largely of general contractors keep projects organized with mobile devices; the company says its software is used in as many as 1, projects at a given time. It initially began as a tool to help general contractors manage “punch lists” – lists of deficient work at a given site as it nears completion – but in 218 expanded to earlier-stage inspections to help catch problems more pro-actively. The fundraising round is being led by the Business Development Bank of Canada (BDC) Women in Technology Venture Fund with participation from Salesforce Ventures debt-financing CIBC Innovat
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