Bridgit Raises $24M in Series B Funding


Bridgit, a Toronto, Canada-based workforce intelligence technology company that’s focused on the construction industry, raised $24m in Series B funding.

The round was co-led by Camber Creek and Storm Ventures with participation from Nine Four Ventures, and existing investors BDC Capital’s Women in Technology Venture Fund, StandUp Ventures, Sands Capital, and Vanedge Capital.

The company intends to use the funds to build out its team and further its product development activities.

Founded by Chief Executive Officer Mallorie Brodie and Chief Operating Officer Lauren Lake, Bridgit is workforce intelligence for the construction industry. The company’s flagship solution, Bridgit Bench, is a digital, cloud-based platform that helps general contractors plan and grow their workforce, leverage project data to improve bidding and staffing decisions, and forecast project pipelines to increase productivity and profitability.

Further, Bridgit is also announcing the hiring of two new executives — Amy Abascal (formerly of Aconex and Oracle Primavera) as Vice President of Marketing and Jason Fitzpatrick (formerly of Intelex) as Senior Vice President of Sales — and two new board members. The restructured board includes Arun Penmetsa, Partner at Storm Ventures and Mitchell Schear, Executive Partner at Camber Creek.

The company has a total of 83 employees, and is currently hiring for sixteen more positions.