Congratulations to portfolio company Constrafor on the announcement of their $14m Series A round of financing, led by NFX. The company also raised a $250m credit facility from Wafra and Crestline. Constrafor had its start with software focusing on contractors. With the new capital, it plans to launch financial software for subcontractors — which have larger labor forces than general contractors and buy material.
"It's data center, semiconductors and government infrastructure [driving demand]," Ghauche says. The company crossed $22 million in ARR last month, up from some $10 million roughly three months ago
https://www.axios.com/pro/fintech-deals/2024/11/27/construction-fintech-constrafor-14-million