HammerTech Announces $10M in Funding Led by Arrowroot Capital

Melbourne, Australia (April 1, 2019)—HammerTech, mobile provider of health, safety and quality software for the construction industry, announced today it has completed its Series A financing.

Led by Santa Monica, California-based Arrowroot Capital, a growth equity firm specializing in B2B software, the investment will enable HammerTech to further establish market presence and continue development of its growing suite of software solutions for the construction industry. The investment will be used to accelerate the product roadmap, grow the sales and marketing teams and support continued expansion into the United States. As part of the transaction, Chuck Haling and Matt Klein, from Arrowroot Capital, will be joining the board.

“It’s an exciting time for HammerTech, and we are thrilled to have gained support and investment from Arrowroot,” said Milton Walters, chief executive officer of HammerTech. “Within 5 years of being founded, we’ve worked tirelessly to introduce an advanced software platform to construction that empowers operational excellence. With Arrowroot’s experience and partnership, we’re looking forward to enhancing our product capabilities, growing our global footprint and increasing collaboration on job sites.”

“HammerTech has positioned itself to be the go-to health, safety and quality software for the construction industry. Their mobile-first platform drives operation efficiencies, keeps workers safer and improves quality across all aspects of the construction process,” said Matthew Safaii, Arrowroot Capital’s founder and managing partner. “We are excited to partner with the HammerTech team to help scale their platform around the globe.”

HammerTech’s subscription-based platform is available on all devices and is designed to meet the demands of companies seeking to better manage their operations and health, safety, environment and quality (HSEQ) obligations. The company works with major construction companies, including DPR, Hutchinson, Mirvac, LendLease and more.

For more information, visit hammertechglobal.com.