• Why Menlo Ventures Backed Its First Construction Tech Firm

    1 month ago - By Xconomy

    Fieldwire , whose mobile app helps builders and construction crews coordinate their work, announced today it has lined up a total of $33.5 million across two newly disclosed fundraising rounds. The San Francisco-based construction tech company says it raised $8.5 million in a Series B funding round in 2017, and it has just added another $25 million from a Series C funding round led by veteran Silicon Valley venture capital firm Menlo Ventures. “The funding amount is significant because we are already a cash-flow positive company, and as such, the new funding doesn't need to cover any...
    Read more ...