About RapidWorks
RapidWorks is a company based in Boston (United States) founded in 2002.. RapidWorks has raised $3.75 million across 4 funding rounds from investors including Wavecrest Growth Partners and MassMutual Ventures. RapidWorks has completed 2 acquisitions, including Cro Software Solutions and Visual Dispatch. RapidWorks offers products and services including RapidWorks Platform, Visual Dispatch, and Rapid Fleet Maintenance. RapidWorks operates in a competitive market with competitors including Zymergen, TEAM Software, Foundation Software, BCMI Corporation and Elemental Enzymes, among others.
- Headquarter Boston, United States
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Sectors
TechnologyReal Estate & Construction Agriculture
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Email
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Phone
*********
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Website
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Social
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- Legal Name Rapidworks, 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
$3.75 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Wavecrest Growth Partners
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Cro Software Solutions
& 1 more
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Products & Services of RapidWorks
RapidWorks offers a comprehensive portfolio of products and services, including RapidWorks Platform, Visual Dispatch, and Rapid Fleet Maintenance. 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.
Comprehensive tool for end-to-end job handling in heavy equipment
System for creating quotes and allocating resources quickly
Platform for organizing repairs and tracking mechanics
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Funding Insights of RapidWorks
RapidWorks has successfully raised a total of $3.75M across 4 strategic funding rounds. 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 Last Round
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First Round
First Round
(07 Jul 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Series A - RapidWorks | Valuation | Wavecrest Growth Partners , MassMutual Ventures |
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| Jun, 2017 | Amount | Seed - RapidWorks | Valuation |
investors |
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| Apr, 2017 | Amount | Seed - RapidWorks | Valuation |
investors |
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| 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 RapidWorks
RapidWorks has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Wavecrest Growth Partners and MassMutual 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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Wavecrest Growth Partners is engaged in providing growth capital and expertise.
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Founded Year | Domain | Location | |
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Corporate-backed venture capital fund
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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 RapidWorks
RapidWorks has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Cro Software Solutions and Visual Dispatch. 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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ERP software for streamlining waste management, recycling, and operational efficiencies.
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2014 | ||||
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Web-enabled dispatch management solutions for logistics are provided.
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1995 |
| 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 - RapidWorks
| 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 |
Rapidworks Comparisons
Competitors of RapidWorks
RapidWorks 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 Zymergen, TEAM Software, Foundation Software, BCMI Corporation and Elemental Enzymes, 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 |
Provider of microbe-based diversified farm inputs
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| domain | founded_year | HQ Location |
Cloud-based ERP and workforce management software is offered for contractors.
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| domain | founded_year | HQ Location |
Construction accounting software is offered on-premise and in the cloud.
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| domain | founded_year | HQ Location |
Cloud-based management solutions are provided for the building materials industry.
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| domain | founded_year | HQ Location |
Enzyme-based biological solutions for agricultural crops are provided.
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| domain | founded_year | HQ Location |
Biological products for crop protection and nutrition are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Rapidworks
Frequently Asked Questions about RapidWorks
When was RapidWorks founded?
RapidWorks was founded in 2002 and raised its 1st funding round 13 years after it was founded.
Where is RapidWorks located?
RapidWorks is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of RapidWorks?
Tim Curran is the current CEO of RapidWorks.
Is RapidWorks a funded company?
RapidWorks is a funded company, having raised a total of $3.75M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Jul 07, 2015.
What does RapidWorks do?
RapidWorks was founded in 2002 in Boston, United States. ERP software solutions are offered by the company for heavy equipment job management and dispatching within the heavy construction equipment services industry. Software tailored for subcontractors is provided, enabling order intake and task execution. Operations focus on streamlining processes for heavy equipment services across the sector.
Who are the top competitors of RapidWorks?
RapidWorks's top competitors include Zymergen, Foundation Software and BCMI Corporation.
What products or services does RapidWorks offer?
RapidWorks offers RapidWorks Platform, Visual Dispatch, and Rapid Fleet Maintenance.
How many acquisitions has RapidWorks made?
RapidWorks has made 2 acquisitions, including Cro Software Solutions, and Visual Dispatch.
Who are RapidWorks's investors?
RapidWorks has 2 investors. Key investors include Wavecrest Growth Partners, and MassMutual Ventures.
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