Bridgit

About

Bridgit provides cloud-based construction workforce and project management software—Bridgit Bench and Field—for resource planning, forecasting, task and inspection management, with integrations to Procore, Autodesk, and Trimble.

Mission

Bridgit provides a workforce planning and optimization platform that transforms workforce data into actionable insights, enabling contractors to bid on and staff projects with better information. The company has released 52 new features in the last year and announced 16 integrations with partners such as Procore, Autodesk and Trimble. Bridgit was founded in 2014 by Lauren Lake and is led by CEO Mallorie Brodie. The firm plans to continue expanding its product integrations and feature set. Bridgit intends to use the new funding to expand operations and broaden its business reach. The recent financing underscores its focus on growth and product development. Bridgit builds cloud-based workforce intelligence software for the construction industry, with flagship product Bridgit Bench for strategic workforce planning and former product Bridgit Field. Bench helps general contractors plan and grow their workforce, leverage project data for bidding and staffing decisions, and forecast project pipelines to boost productivity and profitability. The company says customers moved from spreadsheets to its platform, a shift accelerated by the COVID-19 pandemic. Since July 2020 Bridgit has grown headcount from 46 to 83 and reports revenue has surged by 140%, while onboarding 58 new customers and signing enterprise agreements with Skanska, Ryan Companies and Alberici-Flintco. Bridgit plans to use the new capital primarily for hiring, product development and doubling down on its go-to-market strategy. Bridgit builds construction workforce-planning software that integrates the data contractors and site managers need to understand current demand and plan for the future. Its core product, Bridgit Bench, considers workforce utilization rates, hiring needs, profit, and contracts under management to generate projections and recommendations. The company is preparing to expand Bridgit Bench’s forecasting capabilities to look as far as five years into the future and to recommend individuals based on availability and skill set. As part of its product strategy Bridgit will integrate with Autodesk Construction Cloud; Autodesk’s Construction IQ uses AI to evaluate safety and regulatory compliance based on 150 million construction process observations. The new funding will be used for product development, R&D initiatives, and continued investment with partners in the construction landscape. Bridgit was founded in 2013, is based in Waterloo, Canada, has 50 employees, and has raised $15.7 million to date. Bridgit provides a project-management platform for construction companies, including the Bridgit Field suite (Bridgit Quality and Bridgit Insights) and Bridgit Bench, a resource-planning tool designed to replace Excel spreadsheets. Bridgit Bench was stealth-launched in February to a small group of prospects and publicly made available in May to streamline managing projects and teams. The company targets general contractors, engineering firms, and real-estate developers across North America. Bridgit plans to use recent financing to expand adoption of Bridgit Bench and support broader business growth. Financially, the company recently secured $1.5 million in debt growth capital and earlier closed a $6.2 million Series A; it has previously raised a $2.2 million seed and $750,000 from FedDev Ontario. Bridgit is a Kitchener-based company that offers a project management platform for construction businesses. Its flagship mobile tool, Closeout, lets users log, assign, and track new and ongoing project tasks with editable photos, daily emails, real-time conversation, and weekly task reminders to replace manual paper processes. Other products include Bridgit Quality, a kick-off to close-out inspection management solution, and Bridgit Insights, a dashboard of project task and inspection metrics. The company says it will use a new $750,000 FedDev Ontario investment alongside a $6.2 million Series A raised earlier this year to scale operations and expand into new and existing markets, including key U.S. cities. The FedDev funds will support late-stage testing and product refinement of Closeout and the development and potential launch of an additional product later this year. Bridgit was co-founded by Mallorie Brodie and Lauren Lake after meeting in the Next 36 program in early 2013; its team is 50 percent female and maintains full-pay equity.

Quick Facts