Newforma

Software solutions for AEC project management

Manchester, New Hampshire, United States

About Newforma

Newforma provides software solutions specifically designed for the architecture, engineering, and construction (AEC) industries, focusing on project information management. Their tools help professionals like architects, engineers, contractors, and project owners manage essential tasks such as Requests for Information (RFIs), submittals, and document control. Newforma operates on a software-as-a-service (SaaS) model, allowing clients to subscribe to their web-based software for a monthly or annual fee, which includes continuous updates and support. Unlike many competitors, Newforma also offers educational resources through live and pre-recorded webinars to help clients use their software effectively. The company's goal is to streamline the management of project data and documents, making it easier for AEC professionals to handle the complexities of construction projects.

Manchester, New HampshireHeadquarters
2003Year Founded
$24.4MTotal Funding
SERIES_DCompany Stage
Enterprise Software, EducationIndustries
51-200Employees

Benefits

Health Insurance
Flexible Work Hours

Risks

Increased competition from emerging PIM software providers could erode market share.
Reliance on cloud-based solutions exposes Newforma to potential service disruptions.
Ethos Capital acquisition may lead to strategic shifts disrupting current operations.

Differentiation

Newforma offers specialized PIM software for the AEC industry, enhancing project management.
Integration with AVEVA E3D Design provides advanced 3D modeling and project management capabilities.
Newforma Konekt's email integration with openBIM format enhances collaborative project delivery.

Upsides

Integration with AVEVA E3D Design improves project outcomes and client satisfaction.
Cloud-based solutions align with the growing trend of remote work in the AEC industry.
Newforma's SaaS model ensures steady revenue and continuous client support.

Funding

Total raised$24.42 M
Latest valuation$25.50 M
StageSERIES_D