Bridgit closes $9.4 million CAD strategic investment led by Autodesk

Bridgit closes $9.4 million CAD strategic investment led by Autodesk

 


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Kitchener-Waterloo-based Bridgit, which offers a project management platform for construction businesses, has raised $9.4 million CAD in funding, bringing its total amount of equity financing to date to $21.2 million.

“Tracking people during COVID was that much more of a priority for companies, and we saw that reflected within the usage of our product.”

The investment was led by construction and engineering software firm Autodesk, with participation from Export Development Canada and existing investors, including the Business Development Bank of Canada, Salesforce Ventures, Sands Capital, and StandUp Ventures. Bridgit will use this funding to add new partner integrations and build more advanced features for its Bridgit Bench offering, in order to help contractors better understand their workforce utilization and resource planning.