Workforce management platform startup RIVET Work Inc. announced today that it has raised $6 million in new funding to expand its platform to multitrade businesses and to enhance services for existing partners.

Founded in 2022 and based in Detroit, Michigan, RIVET offers a construction workforce management and labor operations platform designed specifically for contracting businesses. The company’s platform assists contractors in overseeing, planning, scheduling and deploying crews through a unified platform.

Claimed to be the standard in workforce management software among electrical contractors, RIVET’s platform offers tools, such as labor forecasting, which gives project managers a look at estimated labor demands months and years into the future. Another feature offers notifications and automated labor requests, saving operations teams time and frustration when requesting workers.

RIVET’s workforce management platform helps commercial contractors manage labor across job sites in real time. Starting with forecasting labor in pre-construction, the platform builds a tactical plan for who will be on each project and can execute on those plans. The cloud-based platform connects construction project labor operations to help contractors complete more work and prevent margin fade.

The company had raised pre-seed funding in 2021. Brick & Mortar Ventures LLC led the seed round, with existing investors defy.vc, Augment Ventures LLC, Detroit Venture Partners LLC and Michigan Rise LLC also participating in the round. Including the new round, RIVET has raised $14 million to date.

“Skilled labor shortage is a common topic in our industry where labor can make up to half of project costs for trades,” said Kaustubh Pandya, a partner at Brick & Mortar Ventures. “RIVET’s platform has proven to be incredibly beneficial for its customers, helping them manage billable labor and upskill their workforce.”

Image: RIVET