Summary
Miter, a cloud-based platform specialising in HR, finance, and operations for construction and service contractors, has successfully raised $38 million. The funding includes a recent $23 million round led by prominent investors Bessemer Venture Partners and Coatue Management LLC. Founded in 2021, Miter aims to simplify and enhance the capabilities of contractors through integrated tools that manage various aspects of their business.
To date, Miter has partnered with over 700 contractors, streamlining their operations and saving them significant time in payroll processing. The platform connects HR and finance operations, allowing contractors to focus more effectively on their projects.
Key Points
- Miter raised a total of $38 million, with $23 million in recent funding from Bessemer and Coatue.
- The platform provides integrated solutions for HR, finance, and operations specifically for construction contractors.
- Miter aids contractors in modernising their back-office operations, saving 20-40 hours per week in payroll processing.
- It integrates seamlessly with popular construction ERPs and project management tools like Sage, NetSuite, and ServiceTitan.
- Many contractors report significant operational improvements, including enhanced real-time insights into labour costs.
Why should I read this?
If you’re in the construction industry or just curious about advancements in contractor management, this article is a must-read! Miter’s recent funding and innovative platform could drastically change how construction firms operate, making it a hot topic for anyone interested in tech trends, efficiency improvements, and the future of construction management. Don’t miss out on what could be a game-changer in the field!
