Rapid Applications Group, a Boston, MA-based ERP software solution for heavy equipment construction subcontractors, received a growth equity financing of undisclosed amount.
The round was led by Wavecrest Growth Partners and MassMutual Ventures.
The funds will be used to accelerate product development and customer growth.
Led by Matthew Bullis, Rapid Apps provides a suite of software products that enables heavy equipment construction subcontractors to optimize the utilization of their fleets with scheduling and job dispatching, telematics GPS tracking, mobile workforce labor tracking and payroll, plus customer ordering, billing, and payments, all in one connected solution. Many of the largest heavy equipment subcontractors in the concrete, hydrovac, and crane space, including Brundage-Bone, Concrete Pump Partners, and Kinetic Industry, use Rapid Apps every day to manage their operations and provide insight into performance and productivity.
FinSMEs
02/08/2023