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ConTech SaaS Capital Market Pulse
Published: October 6, 2025
October 1–6, 2025 | Your weekly snapshot of construction technology funding, acquisitions, and market benchmarks
SERIES A FUNDING
Cyvl – $14 million Series A
Source: Business Wire, October 1, 2025
Lead: Sentinel Global
Cyvl builds AI software that helps cities track road and sidewalk conditions. It is already live in more than a hundred municipalities. The new round puts the company somewhere around a $70 to $110 million post-money valuation. Based on that footprint, ARR likely sits in the $5 to $12 million range, which points to a 6 to 14x multiple. The Bessemer Cloud Index is at roughly 8.9x and public SaaS comps from PitchBook sit near 3.7x EV/Revenue.
Founder angle
Public-infrastructure work has guaranteed funding and sticky contracts. That makes this one of the few corners of gov-tech that can still support double-digit ARR multiples.
VC angle
Buyers are back in this segment. Trimble, Bentley, and infrastructure-focused PE funds are circling gov-tech SaaS with recurring inspection or compliance revenue. This round signals there is still a clear exit lane for asset-management platforms tied to federally funded mandates.
GROWTH INVESTMENT
Chime Software – Growth investment from Bridgepoint
Source: Bridgepoint press release, October 6, 2025
Bridgepoint Growth took a significant minority stake in Chime, a UK-based workforce-management platform that handles timesheets, onboarding, and payroll for about 80,000 site operatives. Numbers were not released, but deals like this typically land between 4 and 8x ARR.
1
Founder angle
Whoever owns the labor data wins the long game. Integrations into payroll and compliance systems make churn almost nonexistent.
2
VC angle
Private equity's showing its hand. When Bridgepoint steps in, it usually means the asset is close to exit-ready. Expect more mid-single-digit ARR takeouts as growth investors position for the next round of construction-tech buyouts.
ACQUISITION
RapidWorks – acquires CRO Software
Source: PR Newswire, October 1, 2025
RapidWorks bought CRO Software to deepen its heavy-equipment dispatch and ERP stack. The combined platform now covers concrete pumping, hydrovac, crane, and other specialty trades, essentially tying together fleet, compliance, and billing in one workflow.
Founder angle
Daily dispatch data is the stickiest workflow data you can own. Pair it with payments and compliance and you have a durable bundle that scales.
VC angle
Roll-ups are setting the price floor. These vertical SaaS acquisitions are clearing between 3 and 7x ARR depending on net retention. Anyone holding niche workflow assets should note that tuck-ins, not mega-rounds, are defining liquidity through 2026.
FUNDING ROUND
Bee Maps (Hivemapper) – $32 million raise
Source: PR Newswire, October 6, 2025
Investors: Pantera Capital, LDA Capital, Borderless Capital, Ajna Capital
Bee Maps runs a contributor-sourced mapping network that serves mobility and city-planning use cases. The company just added a $19-per-month membership, shifting toward recurring software revenue on top of its data model.
Founder angle
City teams want fresh, not static, map data. Charging for continuously updated APIs gives that data recurring value instead of one-off licensing fees.
VC angle
This is what the next generation of data infrastructure looks like. Infrastructure funds are watching closely because spatial-intelligence data now trades like SaaS.
Where the benchmarks are
8.9x
BVP Cloud Index
Revenue multiple (live as of October 6)
3.7x
PitchBook Public SaaS Median
EV/Revenue (Q1 2025)
20x
Cloud 100 Private Median
Around 20x ARR (September 2025)
Three things worth noting
The market is selective, not frozen
One fresh Series A, a private-equity growth check, and a couple of tuck-ins show healthy mid-market liquidity around 5 to 9x ARR.
Labor and logistics software remain the most acquirable verticals
Workforce and dispatch platforms continue to clear premium multiples because they own operational data.
Data layers are getting priced like infrastructure
Mapping and inspection data are being treated as recurring-revenue assets, not experiments.

Multiples and valuations here are based on prevailing SaaS market ranges, not disclosed financials