- Construction document management workflow company LINQ recently announced that it raised an undisclosed Series A round of funding
LINQ — a construction document management workflow company — recently announced that it has raised an undisclosed Series A round of funding as an extension to a seed round of funding that it received last year.
“We are very excited to have the continued support from the largest tool company in the world – their contribution on our board, deep domain knowledge of the global construction industry and operational expertise has been a fantastic asset to LINQ,” said Jake Olsen, the LINQ Cofounder and CEO.
LINQ has been used by trade contractors for dozens of projects while being beta-tested over the last few months. This round of funding will be used to help accelerate its user-centric design approach to launch LINQ this fall. And the funding will be used to scale the team and product for supporting future growth.
“LINQ has made amazing progress over the past 18 months by building a high performing team and taking an extremely disciplined approach to building a solution around our customers’ needs and wants. Their early market traction is impressive, and we are optimistic about the future of this new venture,” added Kevin Lemke, the VP of Innovation Strategy at Stanley Black & Decker.
The Stanley Black & Decker technology incubator helped accelerate the growth for LINQ. And LINQ also participated in the MACH49 accelerator program in Silicon Valley.
LINQ is addressing the challenge where the amount of data and documents are quickly being generated on projects. This challenge creates a digital divide between the people creating the data and those who need to access it and find answers quickly to keep the project moving. With LINQ, users are able to close this divide by giving everyone the power to instantly retrieve the most relevant and current information.
And LINQ cuts across the various silos of construction information and joins together the correct data and documents at a single point. You can think of it as a search engine for shop drawings, submittals, specifications, plans, safety manuals, RFIs, etc.
