Skip to content

GREENGROUND

Daily Insights for a Smarter Tomorrow

Menu
  • Home
  • Medium
  • About Us
    • Mission
    • Contact Us
Menu

Fieldwire just raised $33.5 million more to give PlanGrid and its new owner Autodesk a run for their money

Posted on September 17, 2019 by Livio Andrea Acerbo

Fieldwire, which makes task management software for construction teams on commercial projects that helps organize everyone involved so things don’t fall through the figurative (or literal) cracks, has raised $33.5 million in Series C funding. Menlo Ventures led the round, joined by Brick & Mortar Ventures, Hilti Group, and Formation 8.

It isn’t a huge amount of money. Still, the traction Fieldwire is enjoying might give the folks at Autodesk some pause, given the growing threat it presents to PlanGrid, a rival that Autodesk acquired last year for $875 million.

Already, six-year-old Fieldwire has 65 employees, with 45 of them in San Francisco and the rest in Phoenix, plus a smaller outpost in France. And founder and CEO Yves Frinault says the company expects to have closer to 150 employees by next summer.

Fieldwire is also “cash profitable,” he says, “meaning our bank account goes up every month, even though we started going fast.” To underscore his point, he notes that when we last talked with him in 2015, the company’s platform was hosting 35,000 projects; it has since hosted half a million altogether, with more than 2,000 unique paying customers on the platform. Many of them pack a punch, too, like Clark Construction Group, a 113-year-old, Maryland-based construction firm that reported more than $5 billion in revenue last year and that began using Fieldwire across all of its projects this past summer. (Clark employs 4,200 people.)

Because Fieldwire grows from the bottom up, meaning it targets teams who then use it for projects that are then run by numerous enterprises that work on various projects with other teams that can then also adopt the software, it has spread particularly quickly throughout North America, which counts for 70 percent of its volume. Fieldwire is also making inroads in Europe, where 15 percent of its revenue is coming and, to a lesser but growing extent, Australia.

Altogether, its software is localized in 13 languages.

It employs a freemium model. Small teams with five members or less can use a significant portion of the product for free. But more users requires more storage typically, and that’s where Fieldwire starts charging — typically between $30 and $50 per user per month.

Bigger companies tend to pay the company by the year or based on the scope of a particular project, rather than on a per-license basis.

Fieldwire’s two main types of customers are general contractors and subcontractors. GCs will usually use the company’s software as a way to track quality and progress. Subcontractors tend to use the software internally to run their own crews.

As for what’s on its roadmap, Fieldwire — which already enables users to look at floor plans in real time, message with one another, track punch lists, schedule jobs and file reports —  suggests it’s zeroing in on 3D architectural drawings, which puts it in more direct competition with PlanGrid.

PlanGrid also makes construction productivity software, and fueled by parent company Autodesk. More, it recently began offering users the ability to access building information modeling data, in either 2D or 3D.

Fieldwire doesn’t seem terribly daunted by its head start. Instead, Frinault calls it a “product challenge to make a 3D product model consumable, so we’re working on it right now.”

With its newest round of funding, Fieldwire has now raised $40.4 million altogether.

social experiment by Livio Acerbo #greengroundit #techcrunch http://feedproxy.google.com/~r/Techcrunch/~3/goHmD3Nc51M/

Share this:

  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to share on Mastodon (Opens in new window) Mastodon
  • More
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on Pocket (Opens in new window) Pocket
  • Click to share on Telegram (Opens in new window) Telegram
  • Click to share on WhatsApp (Opens in new window) WhatsApp

Like this:

Like Loading...
Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy
  • Twitter
  • Facebook
  • YouTube
  • Instagram
  • Telegram
©2025 GREENGROUND | WordPress Theme by Superbthemes.com
This website uses cookies
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Reject Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
%d