Denver, Colorado, August 20, 2025
News Summary
Assignar, a cloud-based construction operations platform, secured a $20 million Series B to accelerate North American expansion, double headcount and develop AI/ML-driven features. The funding will support hiring across product, engineering, sales and customer success, boost research and development, and deliver new capabilities including a contractor hub and a schedule recommendation engine that uses data and machine learning. Targeting subcontractors and self-perform general contractors in heavy civil and infrastructure sectors, Assignar aims to improve resource-loaded scheduling, field data capture and real-time visibility across projects while scaling responsibly with the new capital.
Assignar raises $20M Series B to speed North America growth and add AI features
Assignar, a cloud-based construction operations platform, announced a $20 million Series B funding round aimed at expanding its business in North America, doubling staff and building new AI/ML-driven product features. The round was led by an institutional real-estate technology investor, with follow-on backing from an existing investor and a new venture backer. As part of the deal, a partner from the lead investor joined Assignar’s board. The public announcement was issued on May 19, 2021.
Key funding facts and immediate plans
The Series B increases Assignar’s total funding to $31 million since the company was founded in 2014. Assignar plans to direct the new capital to three main areas: hiring across all departments to grow its North American team, accelerating research and development, and adding new product capabilities such as a contractor hub and a schedule recommendation engine that will use data, artificial intelligence and machine learning to support planning and execution.
Hiring and market focus
At the time of the announcement Assignar had a 65-person team and intended to double that headcount. The company said North America accounts for roughly 25% of current revenue and is a core growth target. New hires are expected across product, engineering, sales and customer success functions to support both expansion and deeper product work.
Investors and governance
The round was led by a Los Angeles-based investor focused on proptech and real estate technology. An existing backer participated again and a venture firm made a new investment. A partner from the lead investor joined Assignar’s board to help oversee the company’s next stage of growth.
What Assignar’s software does
Assignar provides a platform for heavy civil and infrastructure contractors and subcontractors to manage crews, equipment and field operations. Core capabilities include resource-loaded scheduling, field data capture, timesheets and tools to measure productivity and progress on projects. The platform aims to give a real-time snapshot of granular field activity, streamline communications between office and field, reduce paperwork and speed decision making for projects that range from local jobs to multibillion-dollar infrastructure programs.
Target customers and use cases
Assignar focuses on subcontractors and self-perform general contractors working in sectors such as infrastructure, road, rail, heavy civil and utilities. Customers include specialist contractors with a handful of crews and large multinational firms working on major public and private infrastructure projects. Practical benefits cited include faster timesheet reporting and consolidated project monitoring across dozens of active jobs.
Performance and growth history
The company reports rapid historical growth, noting it has historically more than doubled revenue year over year since founding and posted about 75% revenue growth in 2020. Company leadership has said growth was moderated at times to manage cash flow, and the new funding is intended to accelerate expansion without sacrificing financial discipline.
Product roadmap highlights
- Contractor hub: a centralized environment to manage subcontractor relationships and information.
- Schedule recommendation engine: AI/ML-driven suggestions to match crews and equipment to jobs and optimize schedules.
- Project optimization capabilities: tools to improve planning and execution across multi-site projects.
Why the timing matters
The fundraise was framed against a backdrop of anticipated infrastructure spending, signaling demand for tools that can help manage large public works programs efficiently. Assignar positions its platform as a way to increase visibility from owners down to subcontractors, which can be critical when many large contractors rely heavily on subcontracted work.
Corporate background and footprint
Assignar was founded in 2014 by two construction industry entrepreneurs. The business began in Australia and relocated its primary base to Denver, Colorado in 2017. The company maintains offices in Denver and Sydney and supports hundreds of international customers across the United States, Australia, New Zealand and Canada.
Customer example
A large earthworks contractor in Colorado reported measurable savings on timesheet reporting and said the platform helped condense information across roughly 15–20 active projects for easier monitoring and decision making.
Where to learn more
Additional product information and demos are available on the company’s website.
FAQ
What did Assignar announce?
Assignar announced a $20 million Series B funding round to support hiring, North American growth and new AI-driven product features.
Who led the funding round?
The round was led by a real-estate technology investor, with participation from an existing investor and a new venture investor. A partner from the lead investor joined Assignar’s board.
How will Assignar use the funds?
The funds will be used to grow the team, invest in research and development, build a contractor hub, and create a schedule recommendation engine using data and machine learning.
What does Assignar’s platform do?
The platform helps schedule and track crews and equipment, capture field data, manage timesheets, and measure productivity and progress to give a near real-time view of field operations.
Which customers use Assignar?
Customers range from small specialist contractors with a few crews to large multinational firms working on major infrastructure, road, rail and utilities projects across multiple countries.
Where is Assignar based?
The company was founded in Australia and relocated its base to Denver, Colorado in 2017. It also maintains an office in Sydney.
How much has Assignar raised in total?
After the Series B round, Assignar’s total funding reached $31 million since its founding.
Key feature summary
| Feature | What it does | Who benefits |
|---|---|---|
| Resource-loaded scheduling | Plans crews and equipment against tasks and timelines | Schedulers, foremen, project managers |
| Field data capture | Collects onsite information for reporting and quality control | Safety teams, QA, site supervisors |
| Timesheets | Digital labor tracking to speed payroll and reporting | Payroll leads, HR, accounting |
| Real-time field snapshot | Visibility into granular field activities across projects | Owners, GC’s, subcontractors |
| AI/ML schedule recommendations | Suggests optimal crew and equipment assignments based on data | Planners and operations teams |
| Contractor hub | Central place to manage subcontractor info and workflows | Contract administrators and procurement |
Deeper Dive: News & Info About This Topic
Additional Resources
- TechCrunch: Assignar raises $20M Series B (May 19, 2021)
- Wikipedia: Assignar (search)
- PR Newswire: Assignar secures $20 million to expand its operations platform
- Google Search: Assignar
- PR Newswire: Assignar closes $16.5M in secondary sale to Tiger Global & SecondQuarter Ventures
- Google Scholar: Assignar
- Crunchbase: Assignar company profile
- Encyclopedia Britannica: Construction (industry overview)
- TechCrunch: Assignar Series B coverage (repeat)
- Google News: Assignar
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