Miter Secures $38M to Build the Future of Construction Management
May 23, 2025, 9:57 am
Location: United States, California, San Francisco
Employees: 51-200
Founded date: 1911
In the bustling heart of San Francisco, Miter has struck gold. The cloud-based human capital management (HCM) provider recently raised $38 million in funding. This significant investment comes from heavyweights Bessemer Venture Partners and Coatue Management. With this financial boost, Miter is poised to expand its operations and enhance its development efforts.
Miter is not just another tech company. It’s a lifeline for contractors navigating the complex waters of the construction industry. The platform offers a suite of tools designed to streamline operations, control job costs, and build high-performing teams. Think of it as a Swiss Army knife for construction management.
The company’s offerings are comprehensive. They cover everything from job costing to employee onboarding. Compliance with union and certified payroll regulations? Miter has that covered too. Time-tracking, expense management, and benefits administration are all part of the package. It’s a one-stop shop for contractors looking to connect HR, finance, and operations seamlessly.
More than 700 contractors of varying sizes have already embraced Miter’s platform. They recognize the value of having all their essential functions integrated into one cohesive system. In an industry where time is money, Miter’s solutions help save both.
Miter’s leadership, under CEO Connor Watumull, is focused on innovation. The company collaborates with industry leaders to ensure its platform integrates smoothly with popular construction ERPs like Sage, NetSuite, and Acumatica. It also connects with project management and field service solutions such as ServiceTitan, BuildOps, Procore, and HCSS. This interoperability is crucial. It allows contractors to work with the tools they already know and love, enhancing productivity without the steep learning curve.
The construction industry is ripe for disruption. Traditional methods often lead to inefficiencies and miscommunication. Miter’s cloud-based approach offers a fresh perspective. It empowers contractors to make data-driven decisions. The platform’s analytics capabilities provide insights that can lead to better project outcomes. In a field where margins are thin, every decision counts.
The funding round led by Bessemer and Coatue is a testament to Miter’s potential. Investors see the growing demand for digital solutions in construction. As the industry evolves, companies that can adapt will thrive. Miter is positioning itself as a leader in this transformation.
The construction sector is often seen as slow to adopt new technologies. However, the tide is turning. More contractors are recognizing the importance of digital tools. They understand that to stay competitive, they must embrace innovation. Miter is at the forefront of this shift.
With the new funding, Miter plans to enhance its platform further. This includes expanding its features and improving user experience. The goal is to make construction management as intuitive as possible. A user-friendly interface can make all the difference in adoption rates.
Moreover, Miter aims to expand its reach. The company is not just focused on the U.S. market. It has its sights set on international expansion. The global construction industry is vast, and Miter wants a piece of that pie. By tailoring its offerings to different markets, Miter can tap into new revenue streams.
The construction industry is not just about bricks and mortar. It’s about people. Miter understands this. By providing tools that enhance team performance, the company is investing in the workforce. Happy employees lead to successful projects. It’s a simple equation.
As Miter moves forward, it will face challenges. The competition is fierce. Other tech companies are also vying for a share of the construction management market. However, Miter’s unique approach and comprehensive offerings set it apart. It’s not just about software; it’s about creating a community of contractors who can support each other.
In conclusion, Miter’s recent funding round is a significant milestone. It marks a new chapter for the company and the construction industry. With its innovative platform, Miter is ready to lead the charge into a digital future. The construction landscape is changing, and Miter is at the helm. As it expands and evolves, one thing is clear: the future of construction management is bright.
Miter is not just another tech company. It’s a lifeline for contractors navigating the complex waters of the construction industry. The platform offers a suite of tools designed to streamline operations, control job costs, and build high-performing teams. Think of it as a Swiss Army knife for construction management.
The company’s offerings are comprehensive. They cover everything from job costing to employee onboarding. Compliance with union and certified payroll regulations? Miter has that covered too. Time-tracking, expense management, and benefits administration are all part of the package. It’s a one-stop shop for contractors looking to connect HR, finance, and operations seamlessly.
More than 700 contractors of varying sizes have already embraced Miter’s platform. They recognize the value of having all their essential functions integrated into one cohesive system. In an industry where time is money, Miter’s solutions help save both.
Miter’s leadership, under CEO Connor Watumull, is focused on innovation. The company collaborates with industry leaders to ensure its platform integrates smoothly with popular construction ERPs like Sage, NetSuite, and Acumatica. It also connects with project management and field service solutions such as ServiceTitan, BuildOps, Procore, and HCSS. This interoperability is crucial. It allows contractors to work with the tools they already know and love, enhancing productivity without the steep learning curve.
The construction industry is ripe for disruption. Traditional methods often lead to inefficiencies and miscommunication. Miter’s cloud-based approach offers a fresh perspective. It empowers contractors to make data-driven decisions. The platform’s analytics capabilities provide insights that can lead to better project outcomes. In a field where margins are thin, every decision counts.
The funding round led by Bessemer and Coatue is a testament to Miter’s potential. Investors see the growing demand for digital solutions in construction. As the industry evolves, companies that can adapt will thrive. Miter is positioning itself as a leader in this transformation.
The construction sector is often seen as slow to adopt new technologies. However, the tide is turning. More contractors are recognizing the importance of digital tools. They understand that to stay competitive, they must embrace innovation. Miter is at the forefront of this shift.
With the new funding, Miter plans to enhance its platform further. This includes expanding its features and improving user experience. The goal is to make construction management as intuitive as possible. A user-friendly interface can make all the difference in adoption rates.
Moreover, Miter aims to expand its reach. The company is not just focused on the U.S. market. It has its sights set on international expansion. The global construction industry is vast, and Miter wants a piece of that pie. By tailoring its offerings to different markets, Miter can tap into new revenue streams.
The construction industry is not just about bricks and mortar. It’s about people. Miter understands this. By providing tools that enhance team performance, the company is investing in the workforce. Happy employees lead to successful projects. It’s a simple equation.
As Miter moves forward, it will face challenges. The competition is fierce. Other tech companies are also vying for a share of the construction management market. However, Miter’s unique approach and comprehensive offerings set it apart. It’s not just about software; it’s about creating a community of contractors who can support each other.
In conclusion, Miter’s recent funding round is a significant milestone. It marks a new chapter for the company and the construction industry. With its innovative platform, Miter is ready to lead the charge into a digital future. The construction landscape is changing, and Miter is at the helm. As it expands and evolves, one thing is clear: the future of construction management is bright.