Tuesday, June 5, 2018

Raken Raises $10M For Construction Management

San Diego-based Raken, a startup developing mobile software to manage construction projects, has raised $10M in a Series A funding round. The funding was led by U.S. Venture Partners, and also included Tao Capital Partners, plus earlier investors Eniac Ventures, Rincon Venture Partners and Spider Capital. the startup, led by CEO and founder Kyle Slager, develops software which is used for construction workflow management, handling such tasks as daily reporting, time tracking, and safety management. Raken says it already has more than 3,000 clients using its software. Raken has now raised $12M, including its earlier $2M seed funding announced in March of 2017. More information »