ToolTime

The company operates on a subscription-based business model, providing cloud-based software accessible via a desktop web application and a mobile app for iOS and Android. This dual-platform approach ensures real-time data synchronization between the office and field workers on a construction site. The service is designed to eliminate paperwork and reduce administrative overhead. Key features of the ToolTime platform include job scheduling, digital timesheets, and mobile job sheets for documenting work progress with photos and notes. It also facilitates the creation of quotes and invoices, customer and materials management, and real-time project tracking. The platform even works offline, syncing data once a connection is re-established.

ToolTime has demonstrated significant traction in securing capital, having raised a total of approximately €55 million. An initial funding round occurred shortly after its founding in 2019, with a substantial Series A round of $32.8M (€30M) closing in June 2023, led by Wisag, a strategic investor with deep ties to the industry. The company serves a large customer base primarily in Germany and the UK, supporting thousands of trade businesses across various specializations like plumbing, electrical, construction, HVAC, and landscaping. This focus on digitizing a traditionally underserved market has allowed the firm to achieve significant growth in its client numbers and revenue.