Construction tech startup Miter lands $40M Series B led by Battery Ventures

What's the deal? Miter, a construction workforce management platform, has raised US$25.9M Series B led by Battery Ventures, chief executive officer Connor Watumull told Axios Pro.

What's the endgame? Miter builds software to manage construction workforces, a sector with distinct hurdles. Those include coordinating staff across multiple job sites and handling varying wage rules.

The signal: The round ranks among the larger raises in its cohort, a sign that investors still see room to fund specialised workforce tools for industries the broader software market has long underserved.

Read more: Axios

Image credit: DFID - UK Department for International Development