Hammr Analysis: $150K Raised
What is Hammr?
Hammr sells software for construction contractors that combines payroll, time tracking, scheduling, HR, and field communication. Its payroll product supports prevailing wage, certified payroll, union rates, W-2 employees, and 1099 contractors across all 50 states. The company says contractors have switched from ADP, Paychex, and QuickBooks, and LinkedIn lists it as YC W23.
Location
2 Embarcadero Ctr, San Francisco, California 94111, US
Employees
11-50
Founded
2023
Revenue
$507.5k
Business Model
Subscription-based model with revenue from software licenses and demo requests.
Investors
- Y Combinator
- Great Wave Ventures
Product Features & Capabilities
- Construction Payroll, Time-Tracking, Scheduling, Messaging, Benefits, HR Operations
How much Hammr raised
1 - $150,000
November 4, 2019Lead Investor: Y Combinator, Soma Capital, and 5 others
Who are the founders of Hammr
BG
Brek Goin
Founder, CEO
SF
Sanket Firodiya
Founder, CTO
Competitors Overview
Hammr's main competitors in the construction software market include:
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ServiceTitan: This platform provides comprehensive software solutions for home and commercial service contractors, focusing on scheduling, dispatching, and operational efficiency. Its broad functionality makes it suitable for various service businesses, giving it an edge in versatility.
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Tradify: Targeting trade businesses, Tradify offers tools for quoting, scheduling, invoicing, and project management. Its specialization in job management for tradespeople provides a tailored solution that may be more user-friendly for specific trades compared to Hammr's broader approach.
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Ontraccr: This company specializes in construction management software, emphasizing workflow automation. Its focus on simplifying project management tasks can be a significant advantage for construction firms looking for efficiency in their operations.
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TruthMD: Operating in a related space, TruthMD has a larger market presence with an estimated revenue of $2.9 million. Its established position may provide it with more resources and market influence compared to Hammr.
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Atrium: With a revenue of $43.4 million, Atrium is a larger competitor that offers a range of services, indicating a more extensive market reach and potentially more robust product offerings.
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Bluestone PIM: This competitor has an estimated revenue of $14.1 million and a strong growth rate, suggesting a solid market position and the ability to offer competitive features.
These competitors differ from Hammr primarily in terms of their specific focus areas, market presence, and resource availability, which can influence their advantages in the construction software landscape.
Market Focus
Hammr primarily focuses on the construction industry, providing software solutions for contractors that streamline payroll, time-tracking, scheduling, benefits, and HR operations.
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