Announcing Our Series A

Article content provided by Field Materials.

We’re proud to announce that Field Materials has raised $10.5M Series A, bringing our total funding to nearly $19M.

We’re excited to partner with Navitas Capital, which has a strong track record investing in leading construction technology companies (e.g., Procore) alongside Blumberg Capital, DivcoWest, s16vc, and Superseed Ventures (the investment arm of Reece Group).

We’re also thankful for the continued support from Zacua Ventures, Class 5 Global, Flyer One Ventures, and Zelda Ventures.

Across 28 US states and 9 construction trades, more than 4,500 construction projects now run on Field Materials.

We process over $400 million in material and equipment purchases annually from more than 8,000 vendors and are doubling every quarter. This capital enables us to expand the team and accelerate the delivery of new modules and AI models that the construction industry needs!

This new funding is designed to help make the lives of general and specialty contractors easier. We are here to help with better material pricing and streamlined operations.

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Field Materials is the world's first material purchasing software powered by AI. Our web and mobile apps streamline contractors' material procurement from analyzing quotes to managing orders and deliveries to the construction site. We help contractors cut 90% of PO processing time and save 5-10% in materials costs by auto-verifying invoices against POs.