Corfix closes series A round to expand in USA
- November 20, 2024
- Steve Rogerson
Corfix, a Canadian provider of all-in-one construction management software, has closed its series A funding round, securing investment from US-based Reformation Partners.
This will enable Corfix to accelerate product development, increase presence in the USA and advance its mission to modernise construction project management through worker-focused technology.
Set up by former construction workers, Corfix is designed for ease of use and quick adoption in the field. The digital documentation model helps companies manage complex safety and compliance requirements in an increasingly strict regulatory environment.
In addition to this core focus on safety, the software offers multiple feature modules that allow a construction company to grow its workforce and processes without outgrowing the product. It is configurable making it suitable for construction companies regardless of size, trade, geography or regulatory environment. The feature modules include key elements of project management such as safety documentation, timekeeping and scheduling in one software package that also seamlessly integrates with tools such as Procore and Acumatica.
“This investment is a major step forward for Corfix as we look to expand our footprint in the US market,” said Shawn Watts, CEO of Corfix. “We’ve built a platform that puts the worker first, offering construction companies an easy-to-use, modular option that addresses every aspect of the job site. This funding will help us continue to innovate, hire key roles and deliver an even better experience for our customers.”
Reformation Partners, known for its focus on capital-efficient companies with strong product-market fit, identified a strong demand for Corfix’s comprehensive, worker-friendly product in the US market.
“We spoke with a variety of leaders in the construction industry, ranging from developers to subcontractors to GC site safety managers, and the message was clear: there is a real need for a worker-first option like Corfix in the US market,” said Andrew Oved, managing partner at Reformation. “We’re excited to partner with Corfix as they expand in the USA and continue to revolutionise the adoption of construction technology.”
Corfix’s user-focused design has garnered positive feedback from its customers.
“Corfix is a game changer for us,” said Zach Burick, owner of DS Duggins Welding (www.dugginswelding.com), a North Carolina construction firm. “The platform was designed with the worker in mind, which makes it incredibly easy to implement on-site. Our team has embraced it enthusiastically because it simplifies everything from safety documentation to time tracking, while improving overall communication. It’s rare to find a tool that’s this powerful and this easy to use.”
Ottawa-based Corfix was founded in a region long recognised as a global tech hub, with a track record of producing industry leading companies. In recent years, software companies such as Shopify, Kinaxis and Fullscript have emerged from the region that includes nearly 100,000 employees in the technology ecosystem.
Corfix (www.corfix.com) is an all-in-one construction management software provider designed by former construction workers, with a focus on ease of use and field adoption. Its modular and flexible platform allows companies to manage everything from safety documentation to worker management and timekeeping.
Reformation Partners (www.reformation.vc) is an early-growth equity firm focused on accelerating capital-efficient businesses.