Lumber Raises $15.5 Million in Series A

Lumber Raises $15.5 Million in Series A

Lumber, a Palo Alto, CA-based AI-powered construction workforce management platform, has raised $15.5 million in Series A funding.

The round was led by Foundation Capital, with participation from Tishman Speyer, Carbide Ventures, 8VC, Sure Ventures, and FirsthandVC.

Foundation Capital, a venture capital firm based in Palo Alto, California, manages over $6 billion in assets. Founded in 1995, the firm focuses on early-stage investments across sectors such as fintech, enterprise software, and consumer technology.

The company will use the funds to enhance its AI capabilities, expand product development, and scale its market presence.

Lumber is an AI-powered construction workforce management platform designed to streamline and automate back-office operations for construction firms. Its platform leverages AI to handle payroll processing, time tracking, job scheduling, compliance monitoring, and benefits administration, reducing administrative burdens and improving project efficiency. Founded in 2023 and headquartered in San Jose, CA, Lumber aims to enhance workforce management, safety, and compliance through autonomous AI-driven solutions.

Funding Details

Company: LumberFi Inc.

Raised: $15.5M

Round: Series A

Funding Date: March 2025

Lead Investor: Foundation Capital

Additional Investors: Tishman Speyer, Carbide Ventures, 8VC, Sure Ventures, FirsthandVC

Company Website: https://www.lumberfi.com/

Software Category: Construction Workforce Management