Kitchener-based Bridgit, offering a project management platform for construction businesses, has received a $750,000 investment from the federal government through FedDev Ontario.
Bridgit will use the new investment, along with the $6.2 million Series A it raised earlier this year, to scale its business operations and expand into new and existing markets, including key cities in the US. The investment will also allow the company to undergo late-stage testing and product refinement of its mobile software management tool, Closeout, as well as develop and launch an additional product, that may be added later this year.
“FedDev Ontario’s contribution demonstrates the Government of Canada’s commitment to scale local businesses,” said Mallorie Brodie, CEO and co-founder of Bridgit. “This project will allow Bridgit to not only develop more products to increase our overall market opportunity, but to support the local community through the growth of our team.”