# Rhumbix

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

- Industry: Software
- Headquarters: Lafayette, US
- Website: www.rhumbix.com
- Total disclosed funding: $43M
- Latest round: Series A (Jun 30, 2021)
- Investors on record: 13

## About

Rhumbix, Inc. is a US-based provider of software solutions for the construction industry, focusing on enhancing field and workforce management, time tracking, and compliance documentation through innovative technology.Founded in 2014 and headquartered in Lafayette, US, Rhumbix, Inc. specializes in construction management solutions. The company has raised a total of USD 7.08 mn in funding, with its latest round being a Series A in October 2022, backed by investors including Blackhorn Ventures and Glynn Capital. Co-founded by Drew DeWalt and Zach Scheel, Rhumbix has completed a total of 9 deals since its inception.Rhumbix primarily offers a comprehensive suite of software solutions tailored for the construction industry, focusing on field and workforce management, time and attendance, production tracking, and compliance documentation. Their core product allows for crew or individual time entry, facilitating payroll processing, labor compliance, and job cost accounting. The platform enhances project visibility by providing real-time tracking of installed quantities and labor productivity, addressing common industry challenges such as data silos and inefficient reporting methods. Rhumbix's solutions are designed for various stakeholders in the construction sector, including general contractors, subcontractors, project owners, and public sector entities, enabling them to streamline workflows and improve project performance. The software has been deployed in diverse geographical markets, including North America and parts of Europe, catering to a wide range of construction trades such as electrical, plumbing, and heavy civil sectors.Rhumbix generates revenue through a subscription-based model, providing clients with access to their suite of software solutions tailored for construction management. Clients typically enter into agreements for monthly or annual subscriptions, which grant them access to features such as payroll-ready timecards, production tracking, and compliance reporting tools. The pricing structure is designed to accommodate various customer needs, with different tiers available based on the scale of the client's operations and the specific features required. Key offerings include the Rhumbix Labor & Resource Management platform, which serves as the cornerstone of their service portfolio. The transaction process involves direct engagement with clients, ensuring customized solutions are implemented to meet unique project requirements while enabling ongoing support and updates as needed.Rhumbix plans to utilize the funding from its latest deal in October 2022 to enhance its platform by adding new features and to support its overall growth strategy. The company is focusing on expanding its product offerings to include additional tools for construction management and aims to enter new geographic markets, particularly targeting expansion in Europe. Specific release dates for upcoming products have not been disclosed, but the company is committed to continual improvement and adaptation of its services to meet client demands.

## Funding rounds

- Series A, Jun 30, 2021, $7.1M — Greylock Partners, Glynn Capital, Tenfore Holdings, TXF Capital, Blackhorn Ventures
- Series B, Jun 20, 2019, $14M — Greylock Partners, Glynn Capital, Tenfore Holdings, South Park Ventures, S28 Capital, Blackhorn Ventures
- Series A, Jul 12, 2018, $8M — Autodesk
- Series A, Sep 14, 2017, $6.8M — Greylock Partners, Glynn Capital, Kiddar Capital, Brick & Mortar Ventures, S28 Capital, Blackhorn Ventures
- Series A, Nov 18, 2016, $6.2M — Greylock Partners, Uj Ventures, Brick & Mortar Ventures
- Angel, Aug 1, 2014, $1M — Uj Ventures, StartX, Three Fish Capital

## Investors

- Uj Ventures (https://capitalatlas.ai/funds/uj-ventures) — Angel, Series A
- StartX — Angel
- Three Fish Capital (https://capitalatlas.ai/funds/three-fish-capital) — Angel
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series A, Series B
- Brick & Mortar Ventures (https://capitalatlas.ai/funds/brick-mortar-ventures) — Series A
- Glynn Capital (https://capitalatlas.ai/funds/glynn-capital) — Series A, Series B
- Kiddar Capital (https://capitalatlas.ai/funds/kiddar-capital) — Series A
- S28 Capital (https://capitalatlas.ai/funds/s28-capital) — Series A, Series B
- Blackhorn Ventures (https://capitalatlas.ai/funds/blackhorn-ventures) — Series A, Series B
- Autodesk (https://capitalatlas.ai/funds/autodesk) — Series A
- Tenfore Holdings (https://capitalatlas.ai/funds/tenfore-holdings) — Series B, Series A
- South Park Ventures — Series B
- TXF Capital (https://capitalatlas.ai/funds/txf-capital) — Series A