What is HammerTech?
HammerTech, founded in Melbourne, Australia, in 2015, provides a cloud-based software platform designed to streamline safety, quality, and daily field management for construction companies. Its integrated workflow aims to simplify site operations and enhance collaboration, making processes paperless, organized, and centralized. The platform is currently utilized by leading construction firms across Australia, New Zealand, the United States, and Canada, demonstrating its broad applicability and market acceptance.
How much funding has HammerTech raised?
HammerTech has raised a total of $80M across 2 funding rounds:
Series A
$10M
Other Financing Round
$70M
Series A (2019): $10M, investors not publicly disclosed
Other Financing Round (2024): $70M led by Riverwood Capital
Key Investors in HammerTech
Riverwood Capital
Riverwood Capital is a private equity firm that invests in high-growth, middle-market companies primarily in global technology and technology-enabled industries where the use of software, information and digital technologies can contribute to value creation. They are headquartered in Menlo Park, California.
What's next for HammerTech?
The recent major strategic investment in HammerTech signals a pivotal moment for the company's expansion and product development. With a foundation built on consolidating critical construction management processes, HammerTech is well-positioned to leverage this capital for further market penetration, technological innovation, and potentially expanding its geographic reach. The company's focus on paperless, integrated workflows aligns with industry trends towards digitalization and operational efficiency, suggesting continued growth and adoption by major construction enterprises.
See full HammerTech company page
