"Field Materials Raises $3.5M for Sales Expansion and Partnerships"

Field Materials' Additional Funding

Key Highlights:

• Additional Funding: Field Materials, an AI software provider for construction material and equipment spending, raised an additional $3.5 million in funding.
• Total Seed Funding: The round brings the total seed funding raised by Field Materials to $8.5 million.
• Investors: New investors DivcoWest Ventures, Navitas Capital, Zelda Ventures, and Flyer One Ventures joined existing investors Blumberg Capital, s16vc, Zacua Ventures, and industry executives.
• Growth Plans: The funding will be used to expand the sales and customer success teams to accelerate Field Materials' growth.

Field Materials' Target Market

• Target Market: Contractors in the construction industry seeking AI procurement solutions to control and verify spending on materials and equipment.
• Construction Trades: Field Materials supports customers across eight different construction trades.
• Integration with Accounting Software: The platform integrates with the top eight accounting software systems used in the construction industry.
• Partnerships: Field Materials partners with professional organizations in the construction industry, including SMACNA, NFCA, SWACCA, and CFMA.

What Field Materials Needs to Buy

• Sales and Customer Success Tools: Software and tools to support the expansion of the sales and customer success teams.
• Marketing and Branding Services: Agencies specializing in marketing and branding for the construction industry to increase awareness and attract new customers.
• Integration and Partnership Opportunities: Collaboration with accounting software providers and professional organizations to enhance integration capabilities and expand partnerships.