Raken, a top-rated daily reporting app and field management solution for the construction industry, has raised $10 million in Series A funding in a round led by prominent venture capital firm U.S. Venture Partners (USVP), with participation from new investor Tao Capital Partners, and existing investors Eniac Ventures, Rincon Venture Partners and Spider Capital. Raken boosts construction productivity, safety compliance and risk mitigation by providing a software platform that streamlines construction workflow processes such as daily reporting, time tracking and safety management. The company has more than 3,000 clients from all 50 states and 89 countries.
Raken provides innovative mobile technology to streamline field workflows for construction workers. Raken’s “digital toolbox” connects the field to the office with daily reports, time cards, task management, project insights, photo management and more. Clark Construction, AECOM, Skanska, Whiting-Turner, Hensel Phelps and thousands of the world’s top construction companies use Raken to solve their field reporting needs.