Rivet Work is a technology company.
Rivet Work has raised $12.0M across 2 funding rounds.
Rivet Work has raised $12.0M in total across 2 funding rounds.
Rivet Work has raised $12.0M in total across 2 funding rounds.
Rivet Work's investors include AI Fund, Brick & Mortar Ventures, Defy Partners, Madrona Ventures, 8VC, Abstract Ventures, Anti fund, Bam Ventures, Khosla Ventures, Multicoin Capital, Ulu Ventures, Matteo Franceschetti.
RIVET Work is a Detroit-based construction technology company founded in 2020 that builds a unified Workforce Management software platform tailored for self-performing contractors in electrical, mechanical, plumbing, and related trades[1][3][5]. The platform addresses core labor challenges by enabling labor forecasting, scheduling, rostering, dispatch, field management, certifications tracking, and equipment utilization in one system, helping contractors mitigate risks from labor shortages, overstaffing, overtime, and poor planning to boost productivity and profitability[1][2][4][5]. It primarily serves commercial and industrial self-perform contractors facing acute workforce gaps, with features like real-time notifications, worker "Baseball Cards" for qualifications, and proactive certification alerts[3][5][6]. With 32 employees, $11.6M in total funding (including a recent $6M round), and recognition as a top startup in workforce management, field dispatch, and project scheduling, RIVET shows strong growth momentum through contractor partnerships, platform expansions, and super-user champion groups[1][3][4][6].
RIVET Work was co-founded in 2020 by Ryan Meitl (CEO), Alison Accavitti, Andy Lawrence, and Louis Gelinas in Detroit, Michigan, drawing on the city's industrial heritage and ethos of hard-working tradespeople to tackle practical construction labor inefficiencies[1][3]. The idea emerged from recognizing labor as the biggest risk on jobsites, where contractors struggled with fragmented planning, spreadsheets, and matching skilled workers to needs amid shortages—problems Meitl described as solvable through a unified platform for "practical people" in the industry[1][5]. Early traction built quickly in Detroit's Bamboo Coworking space, with the company leveraging veteran venture partners and expanding to publish resources like the Workforce Management Blueprint eBook, form contractor champion groups, and secure partnerships such as with IDEAL Electrical[3][6].
RIVET rides the construction tech (ConTech) wave of digital transformation, targeting a $1.8T U.S. industry plagued by labor shortages (needing 500K+ workers annually), rising costs, and outdated manual processes—trends accelerated by post-pandemic supply chain issues and skilled trades retirements[1][4]. Timing is ideal as contractors scale amid infrastructure booms (e.g., IIJA funding), demanding data-driven workforce optimization; RIVET influences the ecosystem by championing trades as a career choice, accelerating adoption via partnerships, and providing blueprints that standardize best practices for growth[3][6]. Competitors like Sablono (project monitoring) or Riskcast (productivity tracking) focus narrowly, but RIVET's holistic labor emphasis positions it to reshape self-perform operations, fostering profitability and talent retention in a sector ripe for PropTech disruption[2].
RIVET Work is poised for accelerated expansion with its recent funding fueling platform enhancements like AI-driven suggestions and nationwide contractor communities, targeting deeper penetration in electrical/mechanical trades amid persistent labor crunches[3][4][6]. Trends like AI integration for forecasting, ESG-driven skilled labor mandates, and ConTech consolidation will shape its path, potentially evolving it into a full operations suite or acquisition target for giants like Procore. As Detroit's construction software pioneer, RIVET will amplify its influence by empowering contractors to build efficiently—transforming job sites from chaos to precision, much like its founders envisioned for the industry's hardworking backbone.
Rivet Work has raised $12.0M across 2 funding rounds. Most recently, it raised $6.0M Venture Round in April 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2024 | $6.0M Venture Round | AI Fund, Brick & Mortar Ventures, Defy Partners, Madrona Ventures | |
| Feb 1, 2023 | $6.0M Seed | 8VC, Abstract Ventures, AI Fund, Anti fund, Bam Ventures, Defy Partners, Khosla Ventures, Madrona Ventures, Multicoin Capital, Ulu Ventures, Matteo Franceschetti, Ryan Holiday |