Constrafor, a financial software provider for the construction sector, has announced the completion of its $264m Series A funding round.
The funding includes $14m in equity investment led by NFX and a $250m credit facility supported by Wafra and Crestline Investors.
The New York-based company develops technology and financial solutions to address key challenges in the construction industry, including tight margins, cash flow issues, and labour shortages. Constrafor’s innovative platform enhances the relationship between subcontractors and general contractors (GCs), offering digital tools that simplify procurement, invoicing, and payment processes.
Central to its offering is the Early Pay Program (EPP), which provides subcontractors with faster payments at competitive rates, alleviating cash flow pressures. The company is also set to launch its Subcontractor CFO Suite, designed to offer advanced financial management tools, including project-based accounting and supplier management.
Anwar Ghauche, CEO and co-founder of Constrafor, said, “This Series A funding is testament to the critical need for Constrafor in the construction sector. We’re not just providing features or point solutions; we’re rewiring the construction industry’s financial operating system. With this investment, we’re poised to expand our reach and impact, helping more contractors build sustainable, profitable businesses.”
Douglas Reed, CTO and co-founder, added, “This funding allows us to scale our AI capabilities, giving clients access to advanced technology. It streamlines operations and creates new opportunities in an evolving industry.”
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