Newforma
Latest round
- Series D
Last raised
- Dec 2013
Total raised
- $31M
Investors
- 4
About Newforma
Newforma, Inc.Founded in 2003 in Manchester, US, Newforma, Inc. specializes in providing project information management solutions.050 mn. The firm was recently acquired by Ethos Capital, which supports its development and expansion of product offerings.Newforma specializes in project information management solutions tailored for the Architecture, Engineering, Construction, and Owner/Operator (AECO) sectors. Its core product offerings, including Newforma Konekt and Newforma Project Center, focus on enhancing collaboration, improving workflow efficiency, and managing construction-related information in real time. These platforms enable users to streamline their project administration processes, manage emails, oversee submittals, and utilize Building Information Modeling (BIM) tools effectively, ultimately facilitating better project delivery and communication among stakeholders. Newforma serves a diverse client base, comprising general contractors, architects, engineers, and owners/operators across various geographic markets, including North America, Europe, and Australia.Newforma generates revenue primarily through a subscription-based model for its software solutions, allowing clients to access its platforms based on varying service tiers. Clients, which include firms in the AECO sectors, engage with Newforma by subscribing to its flagship products, such as Newforma Konekt, which enables seamless collaboration and project management. The pricing structure is designed to cater to both project-specific and enterprise-level needs, ensuring scalability for clients managing multiple projects simultaneously. By adopting these subscription plans, customers can streamline their construction administration processes, thus enhancing productivity and reducing costs associated with project delivery.In March 2023, Ethos Capital acquired a majority stake in Newforma, Inc. from Battery Ventures. This acquisition will support the company's ongoing development and expansion of its product offerings. Newforma plans to design and launch new products aimed at improving project management solutions, although specific release dates have not been disclosed. The company is also targeting expansion into additional international markets to enhance its global footprint.
Who invested in Newforma
4 investors across 6 rounds
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Questions about Newforma
Who invested in Newforma?
Newforma has 4 investors on record across 6 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Newforma raised?
Newforma has raised 6 venture rounds. Sign up free to see how much each round raised and the total.
When did Newforma last raise money?
Newforma's most recent round on record is a Series D, in Dec 2013.
What does Newforma do?
Newforma is a software company.
Where is Newforma headquartered?
Newforma is headquartered in Manchester, US.
Which VCs invest in companies like Newforma?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Newforma's stage. Their profiles are linked below.
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