About Rhumbix
Rhumbix is a company based in San Francisco (United States) founded in 2014 by Zachary Scheel and Drew Dewalt.. Rhumbix has raised $53.02 million across 7 funding rounds from investors including GreytHR, Autodesk and Blackhorn Ventures. Rhumbix offers products and services including Time & Attendance, Production Tracking, Compliance, Change Orders, and Daily Reports. Rhumbix operates in a competitive market with competitors including Replicon, Powerplay, PlanGrid, Fieldwire and Hyphen Solutions, among others.
- Headquarter San Francisco, United States
- Founders Zachary Scheel, Drew Dewalt
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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 Rhumbix 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
$53.02 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
GreytHR
& 12 more
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Employee Count
Employee Count
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Products & Services of Rhumbix
Rhumbix offers a comprehensive portfolio of products and services, including Time & Attendance, Production Tracking, Compliance, Change Orders, and Daily Reports. 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.
System for crew time entry in payroll and labor compliance
Real-time monitoring of installed quantities and labor productivity
Tools for meeting construction regulatory and safety requirements
Tracking of unplanned work for approvals and invoicing
Generation of reports from timecards for project documentation
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Funding Insights of Rhumbix
Rhumbix has successfully raised a total of $53.02M across 7 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 7
- Last Round Last Round
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First Round
First Round
(03 Sep 2015)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series B - Rhumbix | Valuation | Dysruptek |
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| May, 2021 | Amount | Series B - Rhumbix | Valuation | Blackhorn Ventures , Tenfore Holdings | |
| Jun, 2019 | Amount | Series B - Rhumbix | Valuation | Blackhorn Ventures , Tenfore Holdings |
| 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 Rhumbix
Rhumbix has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include GreytHR, Autodesk and Blackhorn 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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Tech and offline focused VC firm investing in geographies such as the US
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Founded Year | Domain | Location | |
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Investments are directed toward early and late-stage tech companies.
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Founded Year | Domain | Location | |
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Operational investments are made in growth-stage technology firms.
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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 Rhumbix
| 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 |
Financial Statements - Rhumbix
| 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 |
Rhumbix Comparisons
Competitors of Rhumbix
Rhumbix 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 Replicon, Powerplay, 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-based time tracking and expense management are offered.
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| domain | founded_year | HQ Location |
SaaS software for construction professionals' communication and collaboration is 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 |
|---|---|---|---|---|
| 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 Rhumbix
Frequently Asked Questions about Rhumbix
When was Rhumbix founded?
Rhumbix was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Rhumbix located?
Rhumbix is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Rhumbix?
Zachary Scheel is the current CEO of Rhumbix. They have also founded this company.
Is Rhumbix a funded company?
Rhumbix is a funded company, having raised a total of $53.02M across 7 funding rounds to date. The company's 1st funding round was a Series B of $14.3M, raised on Sep 03, 2015.
What does Rhumbix do?
Rhumbix was founded in 2014 in San Francisco, United States, as a provider of AI-powered SaaS solutions focused on the construction sector. Time tracking, material management, payroll processing, production monitoring, reporting, workflow automation, CRM functions, document handling, HR systems, accounting, and analytics are included in its offerings. Operations center on streamlining field management for construction professionals across various project scales.
Who are the top competitors of Rhumbix?
Rhumbix's top competitors include XYZ Reality, PlanGrid and Replicon.
What products or services does Rhumbix offer?
Rhumbix offers Time & Attendance, Production Tracking, Compliance, Change Orders, and Daily Reports.
Who are Rhumbix's investors?
Rhumbix has 13 investors. Key investors include GreytHR, Autodesk, Blackhorn Ventures, Glynn Capital, and Darren Bechtel.
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