L-R: James Harris (HammerTech co-founder and CTO), Eric Ma (Principal at Riverwood Capital) and Ben Leach (HammerTech co-founder and CEO). Source: Supplied.
Construction software startup HammerTech has secured a $105 million raise led by Riverwood Capital at an undisclosed valuation. This follows a $10 million Series A back in 2019.
Founded in 2013, HammerTech offers a SaaS solution for safety, compliance and site management on construction sites. It finds SafetyCulture amongst its competitors, despite it being a double unicorn with a $2.7 billion valuation.
“We have always focussed specifically on the needs of construction. We don’t dilute our focus outside of the built environment – the industry is too high-risk for corporate solutions and live construction sites require very specific safety management and engagement processes to include the worker,” HammerTech co-founder and CEO, Ben Leach, said to SmartCompany.
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