Trimble acquires Flashtract as Speedchain raises $111 million

United States, October 13, 2025

News Summary

Trimble has acquired Flashtract, bringing the billing and compliance platform into its broader project and finance toolset while integrating the Flashtract team and product into Trimble’s payments and ERP workflows. All 24 Flashtract employees will join Trimble to support customer migrations and product integration. Separately, Speedchain raised $111 million in debt and equity to expand its construction-focused card and spend management platform, addressing persistent challenges around tracking receipts and reconciling costs across job sites. The moves underscore consolidation and investment in construction software and fintech solutions that bridge project management and accounting systems.

Trimble buys Flashtract; Speedchain raises $111 million as construction tech deals pick up

Trimble has acquired Flashtract, a construction payment software vendor that automates billing and compliance workflows, while Speedchain raised $111 million in debt and equity as part of a broader run of funding and acquisitions in construction technology across the Southeast. Financial terms of the Trimble–Flashtract deal were not disclosed, and All 24 Flashtract employees will join Trimble to support integration of Flashtract’s platform into Trimble’s suite of products, including Trimble Pay.

Key details up front

• Flashtract has been acquired by Trimble (NASDAQ: TRMB).
• All 24 Flashtract employees will join Trimble.
• Flashtract officially launched in 2020 and Flashtract raised a $15 million Series A in early 2022.
• Speedchain raised $111 million in debt and equity.
• Daniel Cage is CEO of Speedchain.

Why the Trimble–Flashtract deal matters

Flashtract’s platform creates a contiguous digital workflow for billing and payment, automating lien waiver collection, supporting digital signatures, tracking insurance and tracking diversity and inclusion information. Flashtract offers two primary products: Flash Prime (for general contractors) and Flash Specialty (for subcontractors). These products generate application for payment documents, lien waivers and other compliance documents through configurable approval workflows and help protect cash flow for users despite payment delays.

Flashtract validates submitted numbers against the agreed scheduled value and issued change orders to reduce overbilling risk and performs calculations such as retainage and payment due in real time. The platform imports contract details to define liquidity events and minimize manual entry. For a majority of customers, Flashtract pulls data directly from the customer’s ERP or project management software through existing integrations, and where strict control is needed it provides templates for batch uploads.

Those capabilities make Flashtract a natural fit inside a larger construction software suite. Trimble’s construction management offering will gain an integrated way to manage workflows with subcontractors electronically through Trimble Pay, which can reduce the two to three days of manual work per month by project managers or accountants, per Trimble’s construction management leadership. Flashtract began partnering with Trimble in 2022 and the two teams started serious acquisition discussions in late 2023.

Flashtract history, funding and go-to-market

Flashtract officially launched in 2020 and raised a $15 million Series A in early 2022 led by Addition and Shine Capital. The company charges a SaaS fee and also charges a fee based on annual approved pay applications. Flashtract positions itself as a point solution focused on the billing/payment bridge between project management and accounting systems and has embedded financing options white-labeled from an outside lender since November 2021. Flashtract frequently releases features across customer tiers and maintains a Customer Success and Onboarding team to support training and data migration.

Speedchain raise and why it matters

Speedchain is a construction-focused card and spend management platform. Speedchain raised $111 million in debt and equity. Construction finance teams often struggle to track receipts and reconcile costs in real time across multiple job sites, and a large funding round for a spend management platform signals investor interest in tools that bring financial visibility and control to distributed construction operations.

Industry context: consolidation, embedded finance and Southeast activity

The market for application-for-payment software, construction accounting software and construction ERP is maturing and consolidating. Competing point solutions and ERPs target application-for-payment workflows. After several high-profile deals and rounds in the Southeast region, investors and buyers appear drawn to companies that can embed finance and commerce offerings to generate recurring or transaction-based revenue beyond traditional SaaS licenses.

Examples of recent activity in the Southeast construction-technology sector include an Atlanta-based sustainable construction startup that raised $30 million in a Series B, North Carolina-based rounds including a $190 million raise and a $21 million Series A, a Florida-based startup that raised $5 million in 2022, and prior acquisitions that moved point-solution capabilities into larger ERPs. That mix of funding inflows and acquisition headlines reflects a post-COVID acceleration of capital and consolidation in the region.

Wider industry trends affecting technology adoption

The construction industry continues to face a skilled labor shortage, increased costs and supply chain pressures that affect delivery timelines. Some firms use long-term planning, manufacturer relationships and logistics strategies—early ordering and flexible storage—to mitigate long lead times for items such as generators, transformers and certain types of wiring. Construction employment is at record levels in many markets, inflation is easing month to month in some reporting, and growth is anticipated over the next 12 to 24 months with a strong pipeline into 2026.

What this means for contractors and vendors

• Contractors looking to streamline billing and payment can expect fewer, better-integrated options as larger platforms absorb point solutions.
• Vendors that embed financing and commerce features may unlock new revenue models tied to transaction volume rather than pure software licenses.
• Adoption choices will increasingly favor tools that reduce manual reconciliation and protect cash flow across multiple job sites.

FAQ

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Key features summary

Deeper Dive: News & Info About This Topic

Additional Resources

• Axios Pro: Speedchain raises $111 million
• Wikipedia: Construction finance
• Hypepotamus: Flashtract acquisition (2024)
• Google Search: Flashtract acquisition 2024
• ForConstructionPros: Why constructech vendors like Flashtract are attracting capital
• Google Scholar: constructech vendors Flashtract
• Construction Dive: DPR Construction Atlanta supply chain
• Encyclopedia Britannica: Supply chain
• The Malaysian Reserve: Kleinknecht Electric goes live on SIS CRM for construction
• Google News: construction CRM

Author: Construction TX News

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