Carlsbad, California, September 12, 2025
News Summary
A private equity firm has completed a majority growth investment in a Carlsbad-based construction field-management software provider that serves more than 4,500 firms and over 70,000 users across North America. The deal injects capital and operational support to expand product capabilities—like daily reports, time cards and safety management—while accelerating sales and customer success. The incumbent CEO will remain in place and two representatives from the investor will join the board. The funding is intended to broaden integrations, speed enterprise adoption and continue supporting small contractors with a field-first mobile experience.
Private equity firm makes majority growth investment in Carlsbad field‑management app used by thousands of contractors
San Francisco dateline — A majority growth investment has been completed in a Carlsbad, California‑based construction field‑management software provider that serves more than 4,500 construction firms and over 70,000 users.
What happened: A private equity firm focused on growth investments has acquired a majority stake in a construction field‑management platform based near San Diego. The deal positions the platform to receive fresh capital and operational support aimed at expanding product capabilities and accelerating customer growth.
Who the company serves: The platform is used across North America by general contractors, subcontractors and specialty contractors. It supports field teams and office staff with tools designed to replace paper workflows and improve how jobsite information moves back to the office in real time.
Key platform capabilities and scale
The company’s mobile and web products focus on everyday field needs. Core offerings include Daily Reports for real‑time site documentation, Time Cards to track labor hours and production, and Safety Management tools for checklists and incident reports. The product suite also offers resource scheduling, project insights and real‑time communication between field and office to keep teams aligned.
More broadly, the platform supports daily progress reporting, time and production tracking, safety and quality management, workforce management, planning, budgeting and scheduling. The vendor markets the app as field‑first and easy to use, highlighting a simple mobile experience, integrations with other systems and customer support aimed at improving data reliability and decision making.
Leadership and board changes
The company’s chief executive will remain in place to continue leading product and customer efforts after the investment. Two executives from the investing firm will join the company’s board of directors as part of the transaction, bringing private equity operational support and product development resources.
The investment firm plans to reinvest capital into the business to fund new product features and to help scale sales and customer success functions.
Investor profile
The buyer is an investment firm that targets North American companies with under $20 million in EBITDA and enterprise values below $250 million. The firm focuses on sectors including technology, software, business services, healthcare and advanced industrials. Its most recent fund closed in 2023 and the firm reports cumulative committed capital in the low billions. The firm describes its approach as a hands‑on “business builder” model that assigns internal resources to help management teams grow and execute strategic plans.
Why this matters to contractors
The construction industry is accelerating digitization as firms seek ways to handle labor shortages, growing infrastructure demand and higher expectations for transparency. Platforms that consolidate daily reporting, scheduling, productivity tracking and safety into a single system are becoming more attractive than single‑purpose point tools because they reduce duplicate entry, improve interoperability and provide better enterprise visibility.
Industry research shows a surge in investment into architecture, engineering and construction technology in recent years, with tens of billions of dollars deployed and a large majority of surveyed organizations planning to maintain or increase AEC tech spending. That macro momentum helps explain investor interest in platforms that can scale from small crews to enterprise rollouts.
Challenges and outlook
Adoption barriers remain. Many construction firms are relatively small, lack dedicated IT teams and still rely on pen‑and‑paper workflows. Fragmentation across tooling, low IT spend and legacy processes slow enterprise‑wide rollout. Still, as interoperability improves and platforms mature, vendors that make field data reliable and easy to access can deliver tangible operational gains and new revenue opportunities.
With the new investment, the company is positioned to expand its product roadmap, deepen integrations with other construction tech, and push toward broader enterprise adoption while continuing to support smaller contractors with a simple mobile experience.
FAQ
What company received the investment?
A Carlsbad, California‑based construction field‑management software company that provides mobile and web apps for daily reporting, time tracking and safety management.
Who made the investment?
A U.S. private equity firm that focuses on growing middle‑market technology and services companies made the majority growth investment and will take an active role in supporting growth.
How large is the platform’s customer base?
The platform supports over 4,500 construction firms and more than 70,000 individual users across North America.
What are the platform’s main features?
Primary features include Daily Reports, Time Cards, Safety Management, resource scheduling, project insights and real‑time communication between field and office.
Will company leadership change?
The current CEO will remain in charge of company operations, and two representatives from the investing firm will join the company’s board.
Why is this investment happening now?
The construction technology market is growing as contractors pursue digital transformation. Investors see opportunities to scale platforms that can replace manual workflows and tie together scheduling, safety, productivity and compliance.
Key features at a glance
| Feature | Description | Why it matters |
|---|---|---|
| Daily Reports | Real‑time site documentation captured via mobile devices. | Improves recordkeeping and speeds issue resolution. |
| Time Cards | Labor hours and production tracking for crews. | Supports payroll accuracy and productivity analysis. |
| Safety Management | Checklists, incident reporting and compliance tools. | Reduces risk and helps meet regulatory requirements. |
| Resource Scheduling | Assign crews and equipment across projects. | Optimizes utilization and reduces downtime. |
| Project Insights | Dashboards and analytics from field data. | Enables faster, data‑driven decisions. |
| Real‑time Communication | Direct messages and updates between field and office. | Keeps teams aligned and reduces rework. |
Deeper Dive: News & Info About This Topic
Additional Resources
- Business Wire: Sverica Capital Management Announces Strategic Growth Investment in Raken
- Wikipedia: Construction management
- PE Professional: Sverica Capital Management makes growth investment in construction software firm Raken
- Google Search: Sverica Capital Management Raken
- PEHub: Sverica invests in construction industry software provider Raken
- Google Scholar: Raken construction software
- PEHub: Ariel Alternatives buys Groome Industrial Service Group; Rhone Group to acquire Copperweld Bimetallics from Kinderhook
- Encyclopedia Britannica: Private equity
- Business Wire (2020): Sverica Capital Management Announces Strategic Investment in DeFY Security
- Google News: Sverica Capital Management DeFY Security
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