What is Newforma?
Newforma serves as the industry standard for Project Information Management (PIM), effectively bridging the gap between disparate data sources, operational processes, and project stakeholders. By integrating critical documentation—including RFIs, submittals, email correspondence, and complex BIM models—into a unified, cohesive platform, Newforma mitigates the administrative burden inherent in large-scale construction projects. The platform's interoperability with major software ecosystems such as Microsoft 365, Procore, and Autodesk positions it as an essential middleware layer for modern AEC firms seeking to optimize digital transformation and improve project delivery timelines.
How much funding has Newforma raised?
Newforma has raised a total of $25.1M across 3 funding rounds:
Series B
$8M
Series C
$12M
Series D
$5.1M
Series B (2005): $8M with participation from Borealis Ventures and Kodiak Venture Partners
Series C (2008): $12M led by Borealis Ventures, Kodiak Venture Partners, and North Bridge Venture Partners & Growth Equity
Series D (2013): $5.1M supported by Borealis Ventures and Kodiak Venture Partners
Key Investors in Newforma
Borealis Ventures
Borealis Ventures is a venture capital firm that focuses on building visionary companies by providing the essential elements for long-term success and operational growth.
Kodiak Venture Partners
Kodiak Venture Partners is a hands-on investment firm targeting early-stage software, services, and high-technology companies, leveraging the expertise of partners who are themselves successful entrepreneurs.
North Bridge Venture Partners & Growth Equity
North Bridge is a prominent investment firm providing growth equity and venture capital to companies across the technology spectrum, focusing on scaling market leaders.
What's next for Newforma?
With this latest injection of capital, Newforma is well-positioned to accelerate its product roadmap and deepen its integration capabilities within the broader construction technology stack. As the AEC industry shifts toward more data-centric project delivery models, Newforma's focus on centralizing project intelligence will likely remain a core value proposition. Strategic priorities moving forward include scaling enterprise-level adoption, enhancing automated compliance reporting, and expanding its footprint in international markets where digital construction standards are rapidly evolving. The company's trajectory suggests a continued commitment to solving the 'information silo' problem that plagues the construction lifecycle, ensuring that project teams maintain a single source of truth regardless of the underlying software applications utilized.
See full Newforma company page
