![]() “The second half of last year we started to get those, ‘yes, now, wow’, and basically the time to close customers decreased dramatically,” said Ryan Meitl, CEO at Rivet. ![]() The raise also comes as seed rounds for proptech startups thin and shrink in 2023. construction skilled trades market, which is seeing greater digital adoption to attract and retain a new generation of workers, according to Rivet. The $5.6 million raised will be used to accelerate product development and sales expansion into the more than $500 billion U.S. Others participating in the round are LegalZoom co-founder Brian Lee, Airspace co-founder and CEO Nick Bulcao, Augment Ventures, Detroit Venture Partners, Michigan Rise and Ideal Industries as well as angel investors. The latest round was led by Woodside, Calf.-based Defy, which lists former New York Yankee Derek Jeter among its “startup founders and industry leaders.” Neil Sequeira, founder and partner at Defy, will be joining Rivet’s board of directors. A 3-year-old labor operations platform for construction contractor operations and job site teams, Rivet has raised $8.2 million to date. If Tuesday’s announcement that Detroit-based software startup Rivet Work closed a $5.6 million seed round is any indication, the home of the American auto industry is on the road to becoming a proptech digital destination as well. Construction Software Startup Rivet Work Closes $5.6 Million Seed Roundĭetroit-based proptech firm co-founded by Derek Jeter finds a digital home in the Motor Cityīy Philip Russo February 14, 2023 9:00 am
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