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Venture Capital News: Rhumbix Receives $14.3M Series B

2019-06-20
SAN FRANCISCO, CA, Rhumbix, a powerful mobile platform designed for smarter construction sites, has closed a $14.3 million Series B round of funding.
The round was led by Blackhorn Ventures and Tenfore Holdings, with participation from Greylock Partners, S28 Capital, South Park Ventures, and Glynn Capital. The San Francisco-based construction tech company, launched by two U.S. Navy veterans in 2014, modernizes construction field operations, helping builders go paperless in the field and improve how they measure and manage labor productivity.


About Rhumbix
Rhumbix modernizes construction field operations, helping builders go paperless in the field and improving how they measure and manage labor productivity. Our Field Intelligence Platform; is a cloud-based mobile workforce management solution that collects and digitizes data from previously paper-based workflows. This ensures all project stakeholders have the best data, when they need it, to make better decisions and draw actionable insights setting a standard for the 'digital age' foreman. Headquartered in San Francisco, California, Rhumbix was founded in 2014 by Navy veterans with deep experience in the construction industry and is backed by tier-one investors. For more information visit: www.rhumbix.com
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