What is Rigor?
Based in Miami, Florida, Rigor is pioneering a decentralized finance (DeFi) protocol specifically tailored for the construction industry. By bridging the gap between traditional construction finance and the innovative world of DeFi, Rigor aims to streamline financial operations, enhance transparency, and improve capital access for construction projects. The company's focus on this niche intersection positions it as a key player in the evolving landscape of construction technology and financial services.
How much funding has Rigor raised?
Rigor has raised a total of $3.5M across 1 funding round:
Angel/Seed
$3.5M
Angel/Seed (2022): $3.5M with participation from Agya Ventures, Koji Capital, Flow Ventures, Digital Currency Group, Third Prime Capital, and Bain Capital Ventures
Key Investors in Rigor
Agya Ventures
Agya Ventures is a real estate technology focused fund that invests in exceptional entrepreneurs and early-stage companies shaping the built world. The company is based in New York, NY.
Digital Currency Group
Digital Currency Group's mission is to accelerate the development of a better financial system by building and supporting bitcoin and blockchain companies. They are a significant investor in the digital currency industry with a broad portfolio and ownership of leading firms like Genesis Trading and CoinDesk.
Bain Capital Ventures
Bain Capital Ventures LLC is the venture capital division of Bain Capital, known for its early-stage investments in technology companies. They manage significant capital and have a track record of backing successful ventures.
What's next for Rigor?
The substantial enterprise-level funding and recent strategic investment signal a pivotal moment for Rigor. This capital is likely to be deployed towards scaling its operations, expanding its technological capabilities, and broadening its market reach within the construction sector. Further development of its DeFi protocol and strategic partnerships are anticipated as Rigor aims to solidify its position as a leader in construction finance innovation.
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