Constrafor, a New York-based software provider for the construction industry, has raised $264 million Series A funding round.
Investors
The round includes $14 million in equity, led by NFX, and a $250 million credit facility from Wafra and Crestline Investors.
NFX is a leading seed-stage venture firm based in San Francisco, CA, and Herzliya, Israel. It was started by technology entrepreneurs who have built 10 companies with more than $10 billion in exits. They are experts in networks, platforms, and marketplaces across multiple industries and geographies.
Wafra is a global alternative investment manager with approximately $28 billion in assets under management across a range of alternative assets, including real assets, real estate, strategic partnerships, and special situations. Headquartered in New York, Wafra also has offices in London and Bermuda.
Crestline Investors, Inc. is an alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Toronto, and Tokyo. The firm has approximately $18 billion in assets under management (as of March 31, 2024) and specializes in private credit strategies, offering a diverse range of investment solutions across its direct lending, opportunistic, and portfolio finance platforms.
Constrafor Use of Funds
The funding will help fuel Constrafor's growth, expand its AI capabilities, and continue developing new solutions to transform the construction finance landscape.
About Constrafor
Founded in 2019 by Anwar Ghauche and Douglas Reed, Constrafor is a software company dedicated to tackling the construction industry's most pressing challenges. The company provides a vertically integrated supply chain finance and risk management platform. By leveraging advanced technology and innovative financial products, Constrafor empowers general contractors and subcontractors to optimize cash flow, mitigate risk, and streamline operations.
Funding Details
Company: Constrafor, Inc.
Raised: $264.0M
Round: Series A
Funding Date: November 2024
Investors: NFX, Wafra, Crestline Investors
Company Website: https://www.constrafor.com/
Software Category: Construction Management
Source: https://www.prnewswire.com/il/news-releases/eons-valuation-reaches-1-4-billion-in-under-a-year-becoming-the-fastest-growing-company-in-cloud-infrastructure-302316568.html