What is Field Materials?
Field Materials operates as a leading AI-powered procurement platform designed to empower contractors with enhanced control and verification of their spending. The company's integrated web and mobile applications are engineered to streamline the material purchasing and equipment rental processes. By eliminating the need for manual data entry for quotes, invoices, packing slips, and receipts, Field Materials significantly reduces administrative overhead. Furthermore, its intelligent system automatically identifies billing errors, enabling clients to achieve substantial savings, typically between 5-10%, on material costs.
How much funding has Field Materials raised?
Field Materials has raised a total of $18.6M across 2 funding rounds:
Angel/Seed
$8.1M
Series A
$10.5M
Angel/Seed (2024): $8.1M with participation from Flyer One Ventures, Zelda Ventures, DivcoWest Ventures, Zacua Ventures, Navitas Capital, and Blumberg Capital
Series A (2025): $10.5M led by Divco West, s16vc: Portfolio News & Jobs, Navitas Capital, Blumberg Capital, and Superseed Ventures
Key Investors in Field Materials
Divco West
Divco West is a vertically-integrated real estate operating company with a history dating back to 1993, offering comprehensive investment, property, construction, development management, and leasing services.
Navitas Capital
Navitas Capital is a venture capital firm focused on transformative technology and innovation, particularly within the built environment, investing in visionary ideas across AI, digitization, sustainability, and fintech.
Blumberg Capital
Blumberg Capital is an early and growth stage venture capital firm that actively supports technology founders from inception through exit, providing capital and hands-on advisory services.
What's next for Field Materials?
The substantial enterprise-level funding and recent strategic investment signal a pivotal growth phase for Field Materials. This capital infusion is expected to fuel further development of its AI capabilities, expand its market reach, and enhance its service offerings to contractors. The company is poised to solidify its position as an indispensable tool for optimizing procurement and financial management within the construction industry, potentially exploring new verticals or advanced analytics features to drive further efficiency and cost savings for its user base.
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