Rivet Work Raises $6 Million to Enhance Workforce Management Platform
Rivet Raises $6M in Funding
Rivet Work's Funding Round
Key Highlights:
- Funding Round: Rivet Work, an electrical construction workforce management platform, raised $6 million in funding.
- Total Funding: The round brings the total funding raised by Rivet Work to $14 million.
- Investors: The funding round was led by Brick & Mortar Ventures, with participation from existing investors defy.vc, Augment Ventures, Detroit Venture Partners, Michigan Rise, and angel investors.
Rivet Work's Target Market
- Target Market: Multi-trade businesses, particularly those in the mechanical and electrical sectors.
- Commercial Contractors: Companies in the construction industry that require efficient labor management across multiple job sites.
- Electrical Partners: Existing electrical partners who can benefit from Rivet Work's platform and services.
What Rivet Work Needs to Buy
- Technology Development: Investments in technology to enhance and expand their workforce management platform.
- Customer Acquisition: Marketing and sales efforts to attract new customers, particularly in the multi-trade construction sector.
- Partnerships and Integration: Collaborations with other technology providers and industry partners to offer comprehensive solutions for labor management in construction.