Miter, which provides workforce management tools for the construction industry, raised a $40M Series B led by Battery Ventures, taking its total funding to $78M
Context & Ripple Effects
Construction software funding has spanned distinct contractor workflows: Mosaic's 2021 planning-software Series B and Agora's materials-management round sat alongside workforce tools, while Adaptive's $30M Series B for contractor accounting arrived in September 2026. Miter's financing adds another well-capitalized vendor at the workforce-management layer.
The significance is less a single product launch than the concentration of venture backing across planning, materials, accounting, and labor administration—functions that contractors often need to connect in day-to-day operations.
First-order effects
- Miter gains $40M of new capital and Battery Ventures as lead investor, taking its disclosed funding to $78M and strengthening its capacity to sell workforce-management software into construction firms.
Second-order effects
- Adaptive, Mosaic, and other construction-software vendors face a better-funded adjacent supplier when pitching contractor workflows, increasing pressure to demonstrate how their systems fit with labor data rather than operate as isolated tools.
Third-order effects
- If funding continues to accumulate across these workflow layers, construction software is likely to compete increasingly on integrations and ownership of contractor operating data, not on single-function tools alone.
The trend: Construction technology is attracting capital around the connected back-office and operational systems that link labor, finance, planning, and materials for contractors.