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Exciting funding news at the intersection of procurement and construction tech! Field Materials has raised $10.5M in an oversubscribed Series A round led by Navitas Capital, with participation from Blumberg Capital, DivcoWest Ventures, S16vc, and Superseed Ventures, bringing their total funding to nearly $19M.

“Construction companies, big and small, shared with us how much they need our product, especially now with tariffs impacting prices of materials and equipment,” says co-founder and CEO Eldar Sadikov, who previously sold his AI startup Jetlore to PayPal in 2018. “The capital raised in this Series A round will accelerate the delivery of AI capabilities the industry needs. In other words, it will help us meet the growing demand.”

“AI is a major disruptor that will replace many human services with software. AI agents will automate many of the routine tasks in construction that are still done manually today,” says Travis Putnam, managing partner at Navitas Capital. “Field Materials is a prime example of this shift.”

The company already processes over $360M in purchases annually from 8,000+ vendors, serving major contractors like Swinerton, Teichert, and Big-D across 27 states. With this funding, they plan to double their team and triple revenue in 2025.