A Game-Changing $264M Investment for Construction's Future

Today we’re proud to announce that Constrafor has secured $264 million ($14M equity and $250M
credit facility) to help solve some of construction's toughest challenges. Through a successful Series A round led by NFX and backed by Wafra and Crestline Investors, we're now even better positioned to help General Contractors and Subcontractors tackle their biggest pain points.

"We're re-wiring the construction industry's financial operating system," says Constrafor CEO Anwar Ghauche. This vision caught the attention of NFX Partner Pete Flint, who draws exciting parallels between Constrafor and industry giants like Trulia and DoorDash.

Our platform tackles the construction industry's most pressing challenges head-on. Subcontractors struggle with slow payments. General contractors wrestle with time-consuming and error prone insurance and contract management. And everyone needs better financial tools. That's why we're focusing on solutions that actually move the needle: faster payments through our Early Pay Program, smarter insurance management with our AI-powered CoPilot, and an upcoming complete financial suite built specifically for Subcontractors.

As Paul Steinberger from Wafra puts it, we're "reshaping the construction finance landscape," highlighting how our solutions are "ushering in a new paradigm in the industry."

🔗 Ready to see what the future of construction finance looks like? Read the full press release! To read an exclusive story from Axios, read here.