Contech has emerged as one of the main stories in the post-pandemic resurgence. This is not that surprising, when the great value add that product and process innovation can bring to the enormous and laggard construction sector is considered. Significant raises and M&A deals are now a frequent occurrence in the space.
Today is no different, as Toronto-based construction-focused workforce intelligence company Brigit announced it has raised CA$ 24 million in a Series B funding round co-led by Camber Creek and Storm Ventures.
Co-founders Mallorie Brodie and Lauren Lake launched Brigit (a play on words which they came up with during an accelerator program) in March 2014 with a product focused on punch list management. Brigit had consistently been very focused on researching their market to seek out opportunities that would improve their offering. This led them to eventually realise there was an unserved market need around workforce planning for mid to large-sized general contractors (GCs), resulting in the company pivoting and launching Brigit Bench, currently its flagship product, in May 2019.
Bench is a cloud-based platform, targeted at contractors’ operations teams, with the goal of optimizing workforce management and workflow, aiding with hiring and providing input on workforce availability for tendering decisions. Brodie shared that “this process was generally managed on whiteboards and spreadsheets by operations leads and was very manual. We automated it, integrating with contractors’ tech stacks and generating insights.”
