# Rivet Work

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rivet-work

- Industry: Software
- Headquarters: Detroit, US
- Website: www.rivet.work
- Total disclosed funding: $15M
- Latest round: Seed (Dec 1, 2023)
- Investors on record: 7

## About

Based in Michigan, US, and founded in 2020, Rivet Work Inc operates as a software development company that provides workforce and equipment scheduling for contractors. In December 2023, Rivet Work Inc. raised USD 6 million in seed funding led by Brick & Mortar Ventures with participation from returning investors Defy.vc, Augment Ventures, Detroit Venture Partners, and Michigan Rise. Individual investors also participated in the round. As of 2023, the company is led by its CEO Ryan Meitl and it is having an employee count of 14 employees and has customers in 15 states. The firm offers software-based solutions which include commercial and industrial usage software and savings calculator software. Software solutions for commercial industrial contractors are offered for field operation teams which offer labour management, coordination and communication solutions. It includes schedulers, project managers, field leaders, IT directors, equipment managers, etc. Commercial industrial contractors are offered solutions which help them coordinate with general contractor master schedules, plan labour for jobs, manage self-perform work and schedules, etc. The company also offers savings calculators which could be applied to problems like absences and no-shows, field communication, job site credentials, labour spreadsheets, etc.

## Funding rounds

- Seed, Dec 1, 2023, $6M — Detroit Venture Partners, Augment Ventures, Brick & Mortar Ventures, Defy., Michigan Rise
- Seed, Jan 6, 2023, $5.6M — Detroit Venture Partners, Augment Ventures, Defy., IDEAL Industries, Inc., Michigan Rise
- Seed, Oct 22, 2021, $3.8M — Detroit Venture Partners, Augment Ventures, IDEAL Industries, Inc., WPMC, Michigan Rise

## Investors

- Detroit Venture Partners (https://capitalatlas.ai/funds/detroit-venture-partners) — Seed
- Augment Ventures (https://capitalatlas.ai/funds/augment-ventures) — Seed
- IDEAL Industries, Inc. — Seed
- WPMC (https://capitalatlas.ai/funds/wpmc) — Seed
- Michigan Rise (https://capitalatlas.ai/funds/michigan-rise) — Seed
- Defy. (https://capitalatlas.ai/funds/defy) — Seed
- Brick & Mortar Ventures (https://capitalatlas.ai/funds/brick-mortar-ventures) — Seed