Construction workers use a field-management app for daily reports, time tracking and safety on site.
Carlsbad, California, September 12, 2025
A private equity firm has completed a majority growth investment in a Carlsbad-based construction field-management software provider that serves more than 4,500 firms and over 70,000 users across North America. The deal injects capital and operational support to expand product capabilities—like daily reports, time cards and safety management—while accelerating sales and customer success. The incumbent CEO will remain in place and two representatives from the investor will join the board. The funding is intended to broaden integrations, speed enterprise adoption and continue supporting small contractors with a field-first mobile experience.
A private equity firm has completed a majority growth investment in a Carlsbad, California company that provides mobile and web-based construction field-management software. The software platform serves general contractors, subcontractors and specialty contractors across North America and is used by more than 4,500 construction firms and over 70,000 field and office professionals.
The platform digitizes daily field reporting and streamlines day-to-day construction operations. Core products include Daily Reports for real-time site documentation, Time Cards for tracking labor hours and production data, and Safety Management tools for checklists and incident reporting. Additional features support resource scheduling, project insights and real-time communication between field crews and office teams.
The product set is designed to support daily progress reporting, time and production tracking, safety and quality management, workforce management, planning, budgeting and scheduling. The app is described by company materials as a field-first, easy-to-use mobile experience with strong integrations and customer support, intended to make field-to-office information flow more reliable and faster so teams can make better decisions and keep projects on track.
The investor completed a majority growth investment and plans to reinvest in the business to help launch new product capabilities and support expansion. The company’s chief executive will remain in place and continue to lead the business following the transaction. Two investment professionals from the buyer are set to join the company’s board as part of the deal.
The software provider was founded in 2013 and is headquartered in Carlsbad near San Diego. The founder remains identified with the business historically, while the current CEO will continue operational leadership going forward.
The investor describes itself as a private equity firm that targets North American companies with under $20 million in EBITDA and enterprise values below $250 million. Sector focus areas include technology, business services, software, healthcare and advanced industrials. The firm emphasizes an active, collaborative “business builder” approach, deploying internal resources to support management teams as they execute growth strategies.
Fund and capital notes provided by the buyer indicate the firm closed its sixth fund in March 2023 and reports cumulative committed capital since inception in the low billions.
The investment arrives as construction software continues to attract investor interest amid a push for digital transformation across the construction sector. A 2023 industry report found more than $50 billion flowed into architecture, engineering and construction technology between 2020 and 2022, an increase of roughly 85% compared with the prior three-year period. The same research indicated around three-quarters of surveyed firms plan to hold or increase AEC tech spending.
Drivers behind that demand include labor shortages, large infrastructure programs and rising expectations for transparency. The market is shifting from single-point tools to broader platforms that combine scheduling, productivity, safety and compliance, with rising emphasis on interoperability so different systems can work together. Obstacles to faster adoption remain: many construction firms are small, have limited IT resources and continue to rely on manual, paper-based processes.
The investor expects to support product development and reinvestment aimed at accelerating growth, while the company expects to expand its platform capabilities for field reporting, workforce management and safety compliance. For contractors, the combination of enhanced mobile ease-of-use, integrations and support is positioned to save time and money, reduce risk and improve project alignment between field and office.
The company’s website is listed as https://www.rakenapp.com/.
A private equity firm completed a majority growth investment in a Carlsbad-based construction field-management software company that serves more than 4,500 firms and 70,000 users.
The current chief executive will remain in place and lead the company; two senior investment professionals from the buyer will join the company’s board.
Primary offerings include Daily Reports, Time Cards and Safety Management, plus resource scheduling, project insights and real-time communication tools.
The investor plans to reinvest in product development and to help launch new features to broaden the platform and accelerate growth.
The construction technology sector has seen rapid inflows due to digital transformation needs driven by labor shortages, infrastructure demand and demands for transparency. Platforms that replace manual workflows and improve interoperability are increasingly in demand.
Contractors can expect ongoing development of tools for real-time reporting, time and production tracking, safety compliance and workforce management that aim to improve accuracy, save time and reduce project risk.
| Feature | What it does | Primary benefit |
|---|---|---|
| Daily Reports | Capture and share real-time site documentation from the field | Faster, more accurate progress tracking and project records |
| Time Cards | Record labor hours and production metrics | Better payroll accuracy and productivity measurement |
| Safety Management | Manage checklists, inspections and incident reports | Improved compliance and lower on-site risk |
| Resource Scheduling | Plan and allocate crews and equipment | Reduced delays and better utilization of workforce |
| Project Insights | Aggregate field data into actionable reports | Faster decision making and clearer visibility into performance |
| Real-time Communication | Enable instant field-to-office updates | Better alignment and fewer miscommunications |
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