Fieldwire’s Funding Round Fuels Global Expansion in Construction Tech

Fieldwire had built a cloud‑based tool for construction crews but operated in an industry historically reluctant to adopt new technology. Despite this, the company achieved cash‑flow positivity in December 2018, proving product‑market fit and a sustainable business model.

With this validation, Fieldwire’s leadership decided to raise a $33.5 million round (combining an undisclosed $8.5 million Series B and a $25 million Series C) to accelerate hiring, enhance product features, and open offices in key geographic markets such as Phoenix, Paris, and Australia. The capital allowed the company to grow its team from 35 to 65 employees and plan for 150 by the following summer, while investing in R&D to deepen its platform’s capabilities.

The round brought Fieldwire’s total funding to over $40 million, enabling hiring, product development, and offices in Phoenix, Paris, and Australia, scaling software.

The construction sector’s low technology adoption created a clear opportunity for a digital solution that could improve productivity and safety.

Fieldwire’s cash‑flow positivity demonstrated that the product was already generating revenue, reducing investor risk and validating the business model before scaling.

The funding enabled aggressive hiring and geographic expansion, allowing Fieldwire to capture demand from large contractors worldwide and reinforce its viral distribution model.

In industries resistant to digital change, achieving cash‑flow positivity before raising capital lets firms scale hiring and product development without burn, accelerating market penetration.

After the round, Fieldwire continued to hire rapidly, opened offices in Phoenix and Paris, and began planning an Australian office. The company’s annual recurring revenue grew two‑to‑three times each year, and its platform was adopted by major contractors such as Built, EllisDon, and Clark Construction Group. These developments positioned Fieldwire for further scaling and potential future liquidity events as the construction‑tech market matured.