Hamilton Ventures
As a seed-stage proptech VC, Hamilton Ventures is committed to backing top-tier teams that are building technologies to reshape the built environment. Sitewire, led by CEO Bryan Kester and CTO Justin Kaufman is at the forefront of that transformation. Our people-first approach, combined with a disciplined growth strategy, continues to drive the success of our portfolio companies, and Sitewire is no exception.
Sitewire: A Game-Changer in Construction Finance
The construction industry has struggled with slow payment cycles that stall progress, drive up costs, and push back project completion timelines. Sitewire is turning this around with its innovative, mobile-first platform that uses AI and automation to revolutionize payment and inspection processes. By streamlining these traditionally sluggish operations, Sitewire accelerates payments ensuring construction projects remain time and within budget.
Hamilton Ventures invested in Sitewire’s recent $3.17M seed round - which was led by Zacua Ventures, with participation from Argonautic and Great Wave (Funding Press Release). With this capital, Sitewire is poised to accelerate growth and help the construction industry solve one of its biggest pain points. This funding will enable the company to continue supporting construction lenders and institutional asset managers in delivering faster payments to homebuilders, reducing project delays and cost overruns.
A Leadership Team Built for Success
Bryan Kester – CEO, Sitewire
After extensive time working with Bryan Kester, we are confident in his leadership, values, and capital-efficient mindset. With over two decades of experience in real estate development and technology, Bryan brings an unparalleled depth of knowledge to Sitewire.
He was a key member of the original team at the first national internet consulting firm USWeb, and Softbank’s biggest IPO at the time. At Redleaf Ventures, he successfully turned around supply chain and IoT startups, driving innovation and growth, led SeeControl to a 35x+ return from its acquisition by Autodesk, and served as Managing Director at Jetpath VC. His capital-efficient approach makes him a standout leader in an industry ripe for disruption.
Justin Kaufman – CTO, Sitewire
As the technical mastermind behind Sitewire’s innovative platform, Justin co-founded the company to streamline construction finance and inspections. With a background that includes leading tech development at Raizlabs, which was acquired by Rightpoint, and pioneering the one-button interface for Apple devices, Justin’s technical expertise is unmatched. His role as VP of Software Engineering at Techstars further solidified his reputation as a leading innovator in the tech space.
Solving Construction’s Most Pressing Payment Problem
The construction industry is grappling with inefficient payment processes that place financial strain on all parties involved. Contractors and real estate investors (REIs) often turn to credit cards or savings to manage cash flow gaps, while private lenders are forced to hire additional staff to handle draw inspections and payments.
Sitewire tackles this head-on, reducing draw process times by over 85%, cutting the average wait time for payments from 54 days to just hours. The result? Projects stay on track, contractors experience less financial pressure, and lenders benefit from streamlined operations. In an industry with a growing demand for over 2 million more workers by 2026 and a 7.2 million home shortage, Sitewire’s ability to keep projects moving is nothing short of essential.
Recent legislative changes, like the Infrastructure Investment and Jobs Act, have created a surge in demand for tools that enhance efficiency in construction finance. Sitewire is perfectly positioned to capitalize on these trends, offering a platform that not only meets but exceeds the growing needs of the industry.
The Power of Sitewire’s Platform
Sitewire’s mobile-first platform is a technological powerhouse. Integrating AI, cost tracking, real-time visuals, and expert insights from General Contractor (GCs), the platform enables lenders to verify work and release payments on the same day—eliminating the need for manual inspections and outdated spreadsheet systems. For on-site teams, Sitewire makes it easy to document progress, tag financial spends, and verify work completion, leading to same-day. ACH payments of up to $1 million per draw.
What’s more, Sitewire’s inspection fee comes in under $100, a fraction of the typical $150–$500 charged for slower, manual inspections—saving lenders both time and money while enhancing project oversight.
Why Sitewire Stands Out
What truly sets Sitewire apart is its comprehensive and very user-friendly approach to solving a mission-critical issue in construction finance. Faster fund transfers, lower costs, and unparalleled ease of use makes Sitewire the go-to solution for lenders, REIs, and contractors alike.
“We’ve cut the payment process down from weeks to hours,” says Bryan Kester, CEO of Sitewire. "In an industry where cash flow delays can bring projects to a standstill, Sitewire is driving meaningful change." Feedback from customers echoes this sentiment, with users praising the platform’s “tech-forward approach”, “massive time savings”, and how “borrowers absolutely love it” for speeding up turnaround times from 3-8 days to just one day.
Impressive Growth and Strong Market Fit
Sitewire’s growth speaks for itself. With 10% month-over-month growth and 5x overall growth in 2023, the company is on track to nearly triple that momentum in 2024. Already serving over 50 lenders, 3,800 REIs and contractors, and covering 3,600 job sites, Sitewire has built an impressive and loyal customer base.
Unlike competitors that focus solely on digitizing traditional draw processes, Sitewire goes further by leveraging mobile sensor data and AI to detect issues early, providing remote progress verification and enhancing project efficiency. The platform’s ability to operate offline, support both Apple and Android devices addressing the needs of the 65% of construction workers and the 40% of borrowers who depend on Android devices, and synthesize 3D models from site photos and videos makes it a truly versatile tool.
Looking Forward
At Hamilton Ventures, we’re thrilled to support Sitewire as they continue to redefine construction finance and accelerate industry growth. Per Prashant Kothari, Managing Director of Hamilton Ventures: “We like Sitewire’s tech and the problem they’re addressing. However, what stood out for us was the team: Bryan is a passionate and driven founder with a strong track record of getting things done – and that was evident during our interactions with him”. We believe their recent traction is just the start of something bigger. To learn more about how Sitewire can transform your construction projects, visit sitewire.com or contact Bryan and Justin at the below email addresses.
Contact Information
Bryan Kester - bkester@sitewire.co
Justin Kaufman - jkaufman@sitewire.co
Connecting with Hamilton Ventures
Founders: If you are interested in a capital partnership with Hamilton Ventures please fill out this form, review our deck and email Jacob Groden - jacob@hamiltonventures.io
Investors: If you are interested in becoming a Hamilton Ventures investor please reach out to Prashant Kothari - pkothari@hamiltonventures.io.
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