Bridgit

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Bridgit
IndustryConstruction, Software
Founded2012; 12 years ago (2012)
Founder
  • Mallorie Brodie
  • Lauren Lake
HeadquartersKitchener, Ontario
Key people
  • Mallorie Brodie (CEO and Co-founder)
  • Lauren Lake (COO and Co-founder)
Websitegobridgit.com

Bridgit is a Canadian software company that specializes in construction workforce management and intelligence.[1] The company was founded in 2012 and is headquartered in Kitchener, Ontario.[2][3]

History

Bridgit was founded in 2012 by Mallorie Brodie and Lauren Lake, two University of Western Ontario graduates who were frustrated with the lack of technology solutions available to the construction industry. The founders set out to create a software platform that would help construction companies manage their workforce more effectively.[4]

Bridgit focused on developing a tool to simplify the punch list process, which is the process of identifying and addressing construction defects. The company's first product, Closeout, was launched in 2014 and quickly gained traction among industry professionals.[5]

In 2019, Bridgit shifted its focus to workforce management, launching Bridgit Bench, a cloud-based software platform that helps construction companies optimize their workforce planning and resource allocation. The platform provides real-time updates, project visibility, and forecasting capabilities that help companies make data-driven decisions.[6]

Since its launch, Bridgit Bench has gained widespread adoption among top ENR general contractors, including Skanska, Balfour Beatty, and Ryan Companies. The platform has been recognized with several industry awards, including Constructech's Top Products award in 2019.

Funding

In 2016, Bridgit raised $2.2 million in seed funding[7][8] led by Hyde Park Venture Partners and BDC Capital. In 2019, the company raised $6.2 million in a funding round led by U.S. venture capital firm Brick & Mortar Ventures, with participation from Autodesk and StandUp Ventures.[9][10]

In 2021, Bridgit raised $24 million in a Series B funding round led by CIBC Innovation Banking, with participation from new and existing investors including BDC Capital, Salesforce Ventures, Sands Capital, and StandUp Ventures.[11][12]

Services

Bridgit provides a workforce management platform designed to help construction companies optimize their operations and maximize profits. The company's offerings include:

Bridgit Bench: Bridgit's flagship product, Bridgit Bench, is a cloud-based workforce planning platform that helps construction companies optimize their resource allocation and scheduling. The platform provides real-time updates, project visibility, and forecasting capabilities, making it easier for companies to make data-driven decisions.[13]

Bridgit Bench is designed to help construction companies turn workforce data into actionable insights. The platform provides analytics and reporting capabilities that enable companies to track key performance indicators, identify trends, and make informed decisions about their workforce.

Awards and recognition

Bridgit has received recognition for its innovative technology and rapid growth. In 2015, the company was selected to participate in Google's Demo Day for Women.[14][15] In 2018, Bridgit was named one of Canada's top growing companies by Canadian Business magazine, and in 2021, it was named one of North America's fastest-growing companies by Deloitte's Technology Fast 500.

In the media

     

References

  1. ↑ "Canada's top growing companies". The Globe and Mail. 27 September 2019. Retrieved 22 March 2023.
  2. ↑ "Bridgit's Explosive Growth Rate in 2021 Will Accelerate During 2022". financialpost. Retrieved 22 March 2023.
  3. ↑ "Bridgit offers constructive solution for builders". therecord.com. 19 December 2015. Retrieved 22 March 2023.
  4. ↑ "How two graduates spied a business in construction defects". The Globe and Mail. 19 February 2014. Retrieved 22 March 2023.
  5. ↑ O’Kane, Josh (17 March 2019). "Ontario construction software firm Bridgit raises $6.2-million". The Globe and Mail. Retrieved 22 March 2023.
  6. ↑ "Bridgit founders bridge the gap between construction and technology". CityNews Kitchener. Retrieved 22 March 2023.
  7. ↑ "Bridgit Raises $24M in Series B Funding". FinSMEs. 27 October 2021. Retrieved 22 March 2023.
  8. ↑ "Kitchener construction tech firm Bridgit raises $2.2 million in seed funding". cbc.ca. Retrieved 22 March 2023.
  9. ↑ "Women-led tech company Bridgit Inc. gets $750K investment from feds". cbc.ca. Retrieved 22 March 2023.
  10. ↑ "Bridgit raises $1.5 million from CIBC Innovation Banking | BetaKit". betakit.com. 9 August 2019. Retrieved 22 March 2023.
  11. ↑ Donati, Angelica Krystle. "Workforce Intelligence Contech Startup Bridgit Raises CA$ 24 Million Series B". Forbes. Retrieved 22 March 2023.
  12. ↑ Azevedo, Mary Ann (26 October 2021). "Bridgit secures $24M CAD in funding to provide construction companies with 'workforce intelligence'". TechCrunch. Retrieved 22 March 2023.
  13. ↑ "How BridgIt's app keeps big construction projects on time and budget". archive.canadianbusiness.com. Retrieved 22 March 2023.
  14. ↑ Kelly, Heather (10 December 2015). "A Google Demo Day just for women". CNNMoney. Retrieved 22 March 2023.
  15. ↑ Cava, Marco della. "Google's Demo Day spotlights women founders". USA TODAY. Retrieved 22 March 2023.

External links

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