# Bridgit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bridgit

- Industry: Software
- Headquarters: Kitchener, Canada
- Website: www.gobridgit.com
- Total disclosed funding: $26M
- Latest round: Series B (Oct 26, 2021)
- Investors on record: 11

## About

Bridgit Inc. provides a specialized workforce intelligence platform tailored for the construction industry, enhancing project staffing and planning through advanced data analytics and management tools.Founded in 2014 and headquartered in Kitchener, Canada, Bridgit Inc. develops solutions to improve workforce management in construction. The company previously launched Bridgit Bench in 2012, which has become its flagship product. In July 2023, Bridgit raised CAD 7 million in a GROWTH funding round led by BDC Capital, CIBC, Salesforce Ventures, and Vanedge Capital, bringing its total amount raised to CAD 7 million. The firm has completed 10 deals, with the most recent deal occurring on July 11, 2023.Bridgit offers a comprehensive workforce intelligence solution specifically designed for the construction industry, centered around its flagship product, Bridgit Bench. Launched in 2012, Bridgit Bench enables contractors to efficiently manage workforce planning through advanced forecasting tools and seamless planning workflows. The platform aims to solve key industry challenges, such as optimizing project staffing, enhancing workforce visibility, and facilitating data-driven decision-making. Bridgit's client base includes prominent construction firms such as Skanska, Balfour Beatty, and Ryan Companies, who utilize the software to align project teams with business objectives and improve operational efficiency. The company's products are marketed across North America, focusing particularly on general contractors and self-performing general contractors who seek to enhance their project outcomes through strategic workforce management.Bridgit operates on a subscription-based revenue model, providing its clients with ongoing access to its workforce intelligence platform, Bridgit Bench. The transactions are structured as B2B engagements, where construction companies pay for ongoing access to the software based on their specific needs and project scales. Pricing plans are designed to accommodate various client requirements, which may include tiered subscription levels that offer different features and capabilities tailored to the size and complexity of the client's operations. This model supports continuous engagement and allows clients to leverage the platform's advanced resources for workforce planning, labor forecasting, and project management, ensuring that they have the right talent in place to achieve optimal project outcomes.In July 2023, Bridgit Inc. raised CAD 7 million in GROWTH funding from returning investors BDC Capital, CIBC, Salesforce Ventures, and Vanedge Capital. The company will use the funding to expand its operations and business reach, with plans to develop new products and enhance its platform offerings. Specific targets for geographic expansion and new market penetration will be outlined in their upcoming strategic initiatives.

## Funding rounds

- Series B, Oct 26, 2021, $19M — Storm Ventures, BDC Capital, Vanedge Capital, Camber Creek, Sands Capital Alternatives, StandUp Ventures, Nine Four Ventures
- Series A, Mar 17, 2019, $4.7M — BDC Capital, Vanedge Capital, Innovation Grade Capital, MaRS Investment Accelerator Fund, Salesforce Ventures, Sands Capital Alternatives, StandUp Ventures
- Seed, Apr 20, 2016, $1.7M — Vanedge Capital, Hyde Park Venture Partners

## Investors

- Vanedge Capital (https://capitalatlas.ai/funds/vanedge-capital) — Seed, Series A, Series B
- Hyde Park Venture Partners (https://capitalatlas.ai/funds/hyde-park-venture-partners) — Seed
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A, Series B
- Innovation Grade Capital (https://capitalatlas.ai/funds/innovation-grade-capital) — Series A
- MaRS Investment Accelerator Fund (https://capitalatlas.ai/funds/mars-investment-accelerator-fund) — Series A
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series A
- Sands Capital Alternatives (https://capitalatlas.ai/funds/sands-capital-alternatives) — Series A, Series B
- StandUp Ventures (https://capitalatlas.ai/funds/standup-ventures) — Series A, Series B
- Storm Ventures (https://capitalatlas.ai/funds/storm-ventures) — Series B
- Camber Creek (https://capitalatlas.ai/funds/camber-creek) — Series B
- Nine Four Ventures (https://capitalatlas.ai/funds/nine-four-ventures) — Series B