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Rhumbix Completes $11M Growth Financing

2021-09-21
SAN FRANCISCO, CA, Rhumbix today announced the closing of $11 million in growth capital.
Rhumbix, the mobile-first platform helping General Contractors, Trade Contractors, and Owners digitize their field workflows, reporting, and analytics; today announced the closing of $11 million in growth capital to scale its Connected Field Platform bringing its total funding to $49 million.

The investment, co-led by Blackhorn Ventures and Tenfore Holdings, with participation from existing investors Greylock Partners, Glynn Capital, and Darren Bechtel of Brick & Mortar Ventures, will be used to invest in growing the company's product and go-to-market teams, including the recent additions of Bill Smith as President of Commercial Operations and Rob Blau as Vice President of Engineering.

With this financing round, Rhumbix also welcomed a new investor in TFX Capital.

Rhumbix modernizes construction field operations, helping builders go paperless in the field and improving how they measure and manage labor productivity.
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