Assignar, a US-based SaaS platform assisting construction contractors in operating with greater efficiency, safety and productivity, has secured US$ 16.5 million in a secondary market financing round co-led by Tiger Global Management, SecondQuarter Ventures and John Curtius on 8 November 2021.
Investors: The latest funding round featured Tiger Global Management, SecondQuarter Ventures, and John Curtius as the lead investors with HighSage Ventures and Fifth Wall participation.
Purpose of the funding: The proceeds from the investment round will help the startup persistently scale and attain positive results for its rising user base.
About Assignar
Brought to existence in 2014 by Sean McCreanor and Marko Tomic, Assignar provides a user-friendly cloud-based operations interface for self-perform subcontractors and general on private and public infrastructure projects in markets. Assignar scales and monitors progress and productivity with real-time data derived explicitly from contractors on the project. The platform simplifies project schedules and operations and tracks equipment, quantities and crews while optimising safety and quality. It delivers its solution to a number of customers working on big projects in road, utilities, infrastructure, rail, utilities, and other construction project disciplines. The company aims to begin its expansion in the first half of 2022 with robust project enhancement capabilities, developing project visibility from the owner through to speciality contractors, labourers, operations, and schedulers compounded with a suggestion engine that leverages AI, machine learning, and data to support execution and planning functions.
What the Founder has to say: “It is exhilarating to obtain such strong support and trust from giants in the tech and construction domain like SecondQuarter Ventures, Tiger Global Management. The latest investment round shows that our platform is a crucial requirement for infrastructure and other construction industries. These organisations strive for higher project visibility and access to operations data to obtain better outcomes. Establishing collaborations with such giants will allow us to achieve desired outcomes for our surging customer base and persistently scale our platform.”- Sean McCreanor, Co-Founder and CEO of Assignar.
What the Investor has to say: “It is thrilling to co-lead Assignar’sAssignar’s secondary funding round and join other high-profile investors. We believe that a journey full of growth prospects is imminent. We are positive about many more dealings along the way to aid the management, early investors and staff realise some of the value being added.”- Ian Beatty, Managing Partner of SecondQuarter Ventures.
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