About Newforma
Newforma is a company based in Manchester (United Kingdom) founded in 2003 was acquired by Ethos Capital in April 2023. It operates as a SaaS (Software-as-a-Service), and Managed Services. Newforma has raised $21.15 million across 4 funding rounds from investors including North Bridge Venture Partners, Kodiak Venture Partners and Borealis Ventures. Newforma has completed 4 acquisitions, including Attolist, BIM One and EleVia Software. Newforma offers products and services including Newforma Konekt, Newforma Project Center, and Newforma ConstructEx. Newforma operates in a competitive market with competitors including Powerplay, PlanRadar, PlanGrid, Fieldwire and Hyphen Solutions, among others.
- Headquarter Manchester, United Kingdom
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Sectors
Real Estate & ConstructionTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Newforma, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$21.15 M (USD)
in 4 rounds
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Latest Funding Round
$5.15 M (USD), Series D
Dec 20, 2013
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Investors
North Bridge Venture Partners
& 4 more
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Employee Count
Employee Count
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Investments & Acquisitions
Attolist
& 3 more
- Acquired by
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Products & Services of Newforma
Newforma offers a comprehensive portfolio of products and services, including Newforma Konekt, Newforma Project Center, and Newforma ConstructEx. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Cloud-hosted solution for managing construction project information.
Server-based tool for controlling construction project data.
Cloud software for simplifying construction document management.
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Funding Insights of Newforma
Newforma has successfully raised a total of $21.15M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $5.15 million completed in December 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series D — $5.1M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2013 | Amount | Series D - Newforma | Valuation |
investors |
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| Apr, 2007 | Amount | Series C - Newforma | Valuation |
investors |
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| Oct, 2005 | Amount | Series B - Newforma | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Newforma
Newforma has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include North Bridge Venture Partners, Kodiak Venture Partners and Borealis Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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US focused seed to growth stage VC firm
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Founded Year | Domain | Location | |
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Seed and early stage venture fund investing in North America and Canada
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Founded Year | Domain | Location | |
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Venture capital firm investing in seed & series A startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Newforma
Newforma has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Attolist, BIM One and EleVia Software. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Residential and commercial project management services are provided.
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2014 | ||||
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SaaS field management software is provided for construction operations.
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2012 | ||||
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Field service suite software solutions are provided for workforce management.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Newforma
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Newforma Comparisons
Competitors of Newforma
Newforma operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Powerplay, PlanRadar, PlanGrid, Fieldwire and Hyphen Solutions, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS software for construction professionals' communication and collaboration is provided.
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| domain | founded_year | HQ Location |
SaaS documentation management solutions for construction are provided.
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| domain | founded_year | HQ Location |
Provider of collaboration on web and mobile for field construction
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| domain | founded_year | HQ Location |
A cloud-based collaboration platform is offered for construction project teams.
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| domain | founded_year | HQ Location |
Collaboration and scheduling software is provided for home construction.
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| domain | founded_year | HQ Location |
Hubble is recognized as a cloud-based contract management service.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Newforma
Frequently Asked Questions about Newforma
When was Newforma founded?
Newforma was founded in 2003 and raised its 1st funding round 1 year after it was founded.
Where is Newforma located?
Newforma is headquartered in Manchester, United Kingdom. It is registered at Manchester, Greater Manchester, United Kingdom.
Is Newforma a funded company?
Newforma is a funded company, having raised a total of $21.15M across 4 funding rounds to date. The company's 1st funding round was a Series B of $8M, raised on May 05, 2004.
What does Newforma do?
Newforma is established as a key player in providing cloud-based and on-premise project information management solutions tailored for the architecture, engineering, and construction (AEC) industry. Services are designed to enhance communication, collaboration, and efficiency across project lifecycles. Solutions are offered to architects, engineers, general contractors, and owners, focusing on reducing risks, improving project delivery times, and protecting firms from litigation. Integration with existing tools like BIM and Procore is emphasized to streamline workflows such as RFIs and submittals. Operations span multiple global locations, ensuring accessibility and support for diverse AEC professionals.
Who are the top competitors of Newforma?
Newforma's top competitors include XYZ Reality, PlanGrid and Powerplay.
What products or services does Newforma offer?
Newforma offers Newforma Konekt, Newforma Project Center, and Newforma ConstructEx.
How many acquisitions has Newforma made?
Newforma has made 4 acquisitions, including Attolist, BIM One, and EleVia Software.
Who are Newforma's investors?
Newforma has 5 investors. Key investors include North Bridge Venture Partners, Kodiak Venture Partners, Borealis Ventures, Battery Ventures, and Ethos Capital.