Knowify has closed a $ 5.45 million funding mill for specialist contractors in the 21st century. century

Knowify, a New York-based construction startup, has raised $ 5.45 million Series A funding providing real-time data and productivity tools to construction contractors.

The financing round was led by MassMutual Ventures and Companyon Ventures, with the participation of Dreamit Ventures and existing investors. The turnaround brings the total funding raised by Knowify to $ 9.1 million and will be able to accelerate its growth initiatives. Eric Emmons, Managing Director of MassMutual Ventures, referred to the shift:

“We are excited to support Knowify as it revolutionizes the procurement industry by helping simplify how small and medium-sized businesses do business, adding extra visibility to their performance. Knowify is committed to bringing SMB contractor to the market for better workflow, accounting and project management skills.

Knowify was founded in 2016 to provide web-based tools for contractor specialties to improve change order and contract management, as well as scheduling, time tracking, billing, and other tasks essential to its business. The startup will now focus money on strengthening brand awareness through the development of a market-leading team. Marc Visent, CEO of Knowify, said:

“Knowify’s platform provides real-time, easy-to-understand data on contractors’ overall project and business performance, enabling them to make better decisions and operate more efficiently and competitively. We are delighted to have closed a series A round with a strong investor union that shares our vision, and we look forward to putting capital into working to help our clients get to know and grow their businesses. ”

With specialized contractors who have difficulty accessing new technologies for the operation of electricity, plumbing and painting companies, building the industry has not adapted to a changing technological landscape. By offering a powerful but simple platform, Knowify believes that the industry is in the 21st century. that it can lead to a century that can benefit business owners and consumers.

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