Rhumbix Raises $11M in Funding


Rhumbix, a San Francisco, CA-based mobile-first construction platform, raised $11m in growth funding.

The round, which brought total funding to $49m, was co-led by Blackhorn Ventures and Tenfore Holdings, with participation from existing investors Greylock Partners, Glynn Capital, and Darren Bechtel of Brick & Mortar Ventures and new investor TFX Capital.

The company intends to use the funds to grow its product and go-to-market teams, including the recent additions of Bill Smith as President of Commercial Operations and Rob Blau as Vice President of Engineering.

Founded in 2014 by Zach Scheel and Drew DeWalt, Rhumbix is a mobile-first construction platform designed to connect field and office with data-driven reporting for General Contractors, Trade Contractors, and Owners.