ConstructSecure Raises $96M in Growth Equity Funding

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ConstructSecure is a Burlington-based Partner Elevation Platform that enables capital projects and operations. It raised $96m of growth funding.

Summit Partners led the round.

The company plans to use the funds to further product development and expand its market reach.

ConstructSecure, headed by Austin Merritt (CEO), provides capital project owners and builders with a platform that allows them to increase the capabilities of their partners, and reduce risk throughout capital project lifecycles. The company was originally created as an internal risk assessment system for Harvard University. It now serves companies such as Skanska and Merck as well as Bond Brothers. The platform powers over $35 billion in combined assets and projects, with contracting partners in 62 different countries.

ConstructSecure established a new headquarters at Burlington, Massachusetts in 2021. The team also plans to open another office in Boise in Idaho in 2022.

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