The round was led by prominent venture capital firm U.S. Venture Partners (USVP), with participation from new investor Tao Capital Partners, and existing investors Eniac Ventures, Rincon Venture Partners and Spider Capital.

Raken provides innovative mobile technology to streamline field workflows for construction workers. Raken's 'digital toolbox' connects the field to the office with daily reports, time cards, task management, project insights, photo management, and more. Clark Construction, AECOM, Skanska, Whiting-Turner, Hensel Phelps, and thousands of the world's top construction companies use Raken to solve their field reporting needs.