Wavecrest Growth Partners
Assembly Line
Rapid Applications Group raises significant growth equity financing to help heavy equipment construction subcontractors run their operations
Rapid Applications Group (Rapid Apps), the leading ERP software solution for heavy equipment construction subcontractors, announced its significant growth equity financing led by Boston-based growth equity firm Wavecrest Growth Partners and MassMutual Ventures. The funds will be used to accelerate product development and customer growth.
Rapid Apps’ suite of software products enables heavy equipment construction subcontractors to optimize the utilization of their fleets with scheduling and job dispatching, telematics GPS tracking, mobile workforce labor tracking and payroll, plus customer ordering, billing, and payments, all in one connected solution. Many of the largest heavy equipment subcontractors in the concrete, hydrovac, and crane space, including Brundage-Bone, Concrete Pump Partners, and Kinetic Industry, trust Rapid Apps every day to manage their operations and provide insight into performance and productivity.