Denver, Colorado, August 20, 2025
News Summary
Assignar, a cloud-based construction operations platform, secured a $20 million Series B to accelerate North American expansion, double headcount and develop AI/ML-driven features. The funding will support hiring across product, engineering, sales and customer success, boost research and development, and deliver new capabilities including a contractor hub and a schedule recommendation engine that uses data and machine learning. Targeting subcontractors and self-perform general contractors in heavy civil and infrastructure sectors, Assignar aims to improve resource-loaded scheduling, field data capture and real-time visibility across projects while scaling responsibly with the new capital.
Assignar Raises $20 Million Series B to Fuel North American Expansion and AI/ML Product Features
The company announced a $20 million Series B funding round on May 19, 2021, with Fifth Wall leading the round. The investment also includes participation from existing backers and new investors, and the round is aimed at accelerating North American growth, doubling the staff and building out AI/ML powered features. The capital will support hiring across departments and the development of a contractor hub and a schedule recommendation engine to improve planning and execution on jobs of varying scale.
Assignar positions itself as a cloud-based construction operations platform designed to help heavy civil and infrastructure self-perform general contractors and subcontractors manage field activities. The platform is described as enabling real-time visibility into field activity, scheduling and tracking crews and equipment, and improving quality and safety through data-driven processes. It also provides resource-loaded scheduling, field data capture, and timesheets, enabling firms to monitor productivity and progress across projects.
Since its inception in 2014, Assignar has grown from its Australian origins, relocating to Denver, Colorado in 2017. The company maintains offices in Denver and Sydney, and serves hundreds of international customers across markets including the United States, Australia, New Zealand and Canada. Customers work on multibillion-dollar projects spanning infrastructure, road, rail, heavy civil, utilities and other construction disciplines. The customer base ranges from small subcontractors with a handful of crews to multinational, multibillion-dollar firms.
The financing round is expected to push North American expansion forward by increasing sales, marketing and product development. At the time of the announcement, North America accounted for about a quarter of Assignar’s revenue, underscoring the growth opportunity in the region as infrastructure investments scale up. The company said it would double its 65-person team, with new hires planned across all departments, including engineering, product, customer success and operations. The goal is to accelerate R&D and product development to broaden core capabilities and bring new features to market more quickly.
Leadership additions accompany the capital infusion. A partner from Fifth Wall joined Assignar’s board as part of the round, strengthening governance and strategic oversight. Vik Chawla, a partner at Fifth Wall, remarked that Assignar’s software offers a detailed view of when and where different field activities occur and that the platform’s ability to streamline communications between headquarters and the field reduces paperwork and delivers time and cost savings in an industry long reliant on spreadsheets and whiteboards. The investment aligns with Fifth Wall’s broad commitments and investor roster, which includes a range of real estate and construction-related entities.
The round also features contributions from Tola Capital and Ironspring Ventures, with Ironspring making a new investment in this round and Tola making a repeat investment. Other partners mentioned in association with the round include Our Innovation Fund (OIF), all of which are positioned to support Assignar’s scale and product roadmap. The funding is described as enabling the company to pursue a wider market footprint and to advance project optimization capabilities across its platform.
Assignar references its roots in construction experience, noting that the company was born from the founder’s construction business and designed to bridge the gap between office planning and field execution. The platform’s long-standing emphasis on project visibility from owner to subcontractor complements its stated aim to support infrastructure investments planned across the United States, Canada, Australia and other markets.
In terms of customer impact, the company highlighted an existing use case in which one large earthworks contractor reported significant savings in timesheet reporting and improved reporting across 15–20 active projects after implementing Assignar. The case underscores the platform’s ability to consolidate field data and provide a real-time snapshot of granular field activity that supports better decision-making and coordination on complex projects.
Beyond immediate expansion plans, Assignar signaled its intent to introduce additional product enhancements. The roadmap includes a contractor hub to connect subcontractors with jobs, and the development of a schedule recommendation engine that leverages data, AI and machine learning to improve planning and execution. The company also referenced a broader objective of developing project optimization capabilities that enhance efficiency and reduce delays across projects and markets.
Company Background and Market Context
Founded in 2014 by Sean McCreanor and Marko Tomic, Assignar originated in Australia and relocated to Denver in 2017. The company’s products focus on scheduling and tracking crews and equipment, aiming to deliver increased productivity, safety and quality across construction projects. The platform supports a diverse customer base that includes subcontractors, mid-size firms and multinational operators, with projects spanning infrastructure, utilities and other heavy disciplines.
The market narrative cited surrounding Assignar’s funding points to the historical productivity lag in construction technology and the opportunity to streamline field-to-office workflows. By emphasizing real-time data, resource matching and reduced paperwork, the company positions its platform as a way to improve efficiency for contractors who rely heavily on crews and equipment managed across multiple sites and shifts. The North American expansion is framed against a backdrop of ongoing and upcoming infrastructure programs that could drive demand for more integrated field operations technology.
Assignar’s public-facing information indicates continued focus on serving both public and private infrastructure projects and on presenting a comprehensive view of project activity across stakeholders. Prospective customers are invited to learn more or request a demonstration through the company’s website.
Key Facts at a Glance
- Funding round: $20 million Series B led by Fifth Wall, with participation from Tola Capital and Ironspring Ventures
- Board and governance: Fifth Wall Partner joined the board
- Total raised: $31 million to date
- Core product: Cloud-based construction operations platform for scheduling, tracking and field data
- Geography: Headquarters roots in Australia; % of revenue from North America around 25%; operations in the U.S., Canada, Australia, New Zealand
- Headcount: 65 employees at announcement; planned to double to about 130
- Key features planned: Contractor hub, AI/ML-driven schedule recommendation engine, project optimization capabilities
- Customer example: Case of OE Construction with measurable timesheet savings and multi-project visibility
FAQ
- What is Assignar?
- Assignar is a cloud-based construction operations platform designed to help contractors manage field crews and equipment, schedule work, capture data and monitor productivity across projects.
- How much was raised in the Series B?
- The company raised $20 million in its Series B round.
- Who led the round?
- The round was led by a leading investor firm, with participation from other investors in the round.
- What are the expansion plans?
- The funds will support North American expansion, hiring to double the staff, and development of new features including a contractor hub and a schedule recommendation engine using AI and ML.
- What markets does Assignar serve?
- Assignar serves the United States, Australia, New Zealand and Canada with hundreds of international customers.
- What is the expected impact on customers?
- The platform is intended to deliver a real-time snapshot of granular field activity, improved scheduling, reduced paperwork and better coordination between offices and field teams.
- What is the origin of Assignar?
- Assignar was founded in 2014 in Australia and relocated to Denver, Colorado, in 2017; the company maintains offices in Denver and Sydney.
Key Features Table
| Feature | Description | Relevance to Construction Ops |
|---|---|---|
| Contractor hub | A centralized space to connect subcontractors with jobs and manage communications | Improves coordination, reduces delays and paperwork |
| Schedule recommendation engine | AI/ML-driven engine to optimize scheduling and resource matching | Enhances planning accuracy and on-site performance |
| Real-time field activity visibility | Granular, real-time data on crews, equipment and progress | Enables quicker decision-making and risk mitigation |
| Resource-loaded scheduling | Scheduling that accounts for labor and equipment availability | Improves utilization and reduces idle time |
| Productivity and safety focus | Data-driven measures to monitor quality, safety and progress | Supports compliance and project outcomes |
| North American growth | Scaled operations, hiring plans and product development tailored to NA market | Addresses market demand from infrastructure investments |
Deeper Dive: News & Info About This Topic
Additional Resources
- TechCrunch: Assignar raises $20M Series B (May 19, 2021)
- Wikipedia: Assignar (search)
- PR Newswire: Assignar secures $20 million to expand its operations platform
- Google Search: Assignar
- PR Newswire: Assignar closes $16.5M in secondary sale to Tiger Global & SecondQuarter Ventures
- Google Scholar: Assignar
- Crunchbase: Assignar company profile
- Encyclopedia Britannica: Construction (industry overview)
- TechCrunch: Assignar Series B coverage (repeat)
- Google News: Assignar
