MassMutual Ventures backs Knowify

Construction business management software Knowify closed a $5.45 million Series A funding round led by MassMutual Ventures and Companyon Ventures. Dreamit Ventures and Knowify’s existing investors also participated in the round.

Founded in 2016, Knowify targets small and medium-sized contractors with the promise to simplify frustrating processes like bidding, change order management, invoicing, purchasing, and more. It plans to use the capital to expand its collaboration with Intuit QuickBooks and strengthen its brand awareness by building out the company’s go-to-market team. Additionally, the newly secured funding will help support product enhancements.

“Knowify’s platform provides contractors with real-time, easy-to-understand data on project and overall business performance, allowing them to make better decisions and run a more efficient and competitive operation. We’re thrilled to have closed a Series A round with a strong investor syndicate that shares our vision, and look forward to putting the capital to work helping our customers know and grow their businesses.” – Marc Visent, CEO of Knowify.

“We’re excited to support Knowify as it revolutionizes the contracting industry, helping small-to-medium sized businesses simplify how they do business, while providing additional visibility into their performance . Knowify is leading the charge to bring improved workflow, accounting, and project management capabilities to the SMB contractor market.” – Eric Emmons, Managing Director at MassMutual Ventures.