Denver, Colorado, August 20, 2025
News Summary
Assignar, a cloud-based construction operations platform, secured a $20 million Series B to accelerate North American expansion, double headcount and develop AI/ML-driven features. The funding will support hiring across product, engineering, sales and customer success, boost research and development, and deliver new capabilities including a contractor hub and a schedule recommendation engine that uses data and machine learning. Targeting subcontractors and self-perform general contractors in heavy civil and infrastructure sectors, Assignar aims to improve resource-loaded scheduling, field data capture and real-time visibility across projects while scaling responsibly with the new capital.
Assignar secures $20 million Series B to scale North American operations and build AI-driven scheduling tools
Assignar, a cloud-based construction operations platform focused on heavy civil and infrastructure contractors, announced a $20 million Series B funding round on May 19, 2021. The raise was led by a real estate and proptech investor, with participation from prior backers and new investors. The company plans to use the capital to accelerate North American growth, expand its workforce, and add artificial intelligence and machine learning capabilities to its product.
Key details up front
The Series B was led by Fifth Wall, with a repeat investment from Tola Capital and a new investment from Ironspring Ventures. As part of the round, a partner from the lead investor joined Assignar’s board. The funding brings Assignar’s total capital raised since founding in 2014 to approximately $31 million.
Why the funding matters now
Assignar says North America represents roughly 25 percent of its revenue and that the new funds will support faster expansion in that region. The company intends to double its headcount from about 65 employees and hire across all departments, while increasing investment in research and development. Planned product investments include a contractor hub and a schedule recommendation engine that leverages project data, AI and machine learning to improve planning and execution.
What the platform does
The platform helps subcontractors and self-perform general contractors schedule and track crews and equipment, capture field data and manage timesheets. It aims to streamline field-to-office operations, improve quality and safety oversight, measure productivity and give managers a real-time view of granular field activity. Assignar’s tools support resource-loaded scheduling, crew and equipment matching, and project-level progress monitoring.
Customers and markets
Assignar serves hundreds of international customers across the United States, Australia, New Zealand and Canada. Its users work on public and private multibillion-dollar projects in infrastructure, road, rail, heavy civil and utilities. Customers range from specialist contractors operating a handful of crews to multinational firms working across major infrastructure programs.
Founding and footprint
The company was founded in 2014 and began in Australia before relocating its headquarters to Denver, Colorado in 2017. Assignar maintains offices in Denver and Sydney and positions itself as a platform aimed at the field-level subcontractor segment rather than software built solely for large commercial general contractors.
Growth and traction
Assignar reports strong historical revenue growth, noting it has more than doubled revenue year over year since inception, with reported revenue growth of 75 percent in 2020. The company also notes that growth was paced to manage cash flow. A customer example cited in the company announcement shows measurable operational savings after adopting Assignar’s timesheet and reporting tools, along with faster access to consolidated project snapshots across many active sites.
Investor context and timing
The fundraise comes as infrastructure investment discussions in North America highlighted the need for better field-level visibility and productivity tools. The lead investor is a proptech-focused firm that manages capital commitments across real estate and related industries and has invested in a broad array of property and construction partners. The investor’s participation signals an interest in products that can connect project owners, general contractors and subcontractors through better operational data and execution tools.
Planned product roadmap
Assignar will use the capital to speed development of a contractor hub to centralize workflows and launch a schedule recommendation engine that applies AI/ML to historical and real-time data. The roadmap also references creation of project optimization capabilities to improve crew and equipment assignment, reduce paperwork, and shorten planning cycles.
Operational impact
Executives framed the capital as a way to deepen market presence where public and private infrastructure spending is increasing, while addressing longstanding productivity gaps in construction. By focusing on subcontractors and field operations, Assignar aims to provide owners and large contractors with improved line-of-sight into field activity and productivity metrics that have traditionally been difficult to collect and act upon.
How to learn more
Further information about the company, its products and demo requests are available on the company website.
FAQ
What company raised funding and how much was raised?
Assignar raised $20 million in a Series B round announced on May 19, 2021.
Who led the Series B financing?
The round was led by Fifth Wall, with participation from Tola Capital and Ironspring Ventures.
What will the new funds be used for?
Funds will be used to accelerate North American growth, double the company’s workforce from around 65 employees, expand R&D and product development, and build AI/ML capabilities including a schedule recommendation engine and a contractor hub.
What does Assignar’s platform do?
The platform schedules and tracks crews and equipment, captures field data and timesheets, measures productivity and progress, and delivers real-time visibility into granular field activity to help streamline operations, improve safety and reduce paperwork.
Where does Assignar operate and who are its customers?
Assignar serves customers in the United States, Australia, New Zealand and Canada and supports contractors working on infrastructure, road, rail, heavy civil and utilities projects, ranging from small specialist firms to multinational companies.
Key features at a glance
| Feature | Description |
|---|---|
| Platform type | Cloud-based construction operations and field management system |
| Target customers | Heavy civil and infrastructure general contractors and subcontractors, ranging from small specialists to multinational firms |
| Core capabilities | Resource-loaded scheduling, field data capture, timesheets, crew and equipment tracking, productivity and progress monitoring |
| Planned additions | Contractor hub, schedule recommendation engine and project optimization features using AI/ML |
| Funding | $20M Series B led by Fifth Wall; total raised since 2014 about $31M |
| Use of funds | North American expansion, hiring to double headcount, R&D and product development |
| Offices and markets | Headquartered in Denver, Colorado with an office in Sydney; markets include U.S., Canada, Australia and New Zealand |
For product demos and company information, visit the Assignar website.
Deeper Dive: News & Info About This Topic
Additional Resources
- TechCrunch: Assignar raises $20M Series B (May 19, 2021)
- Wikipedia: Assignar (search)
- PR Newswire: Assignar secures $20 million to expand its operations platform
- Google Search: Assignar
- PR Newswire: Assignar closes $16.5M in secondary sale to Tiger Global & SecondQuarter Ventures
- Google Scholar: Assignar
- Crunchbase: Assignar company profile
- Encyclopedia Britannica: Construction (industry overview)
- TechCrunch: Assignar Series B coverage (repeat)
- Google News: Assignar
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