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Newforma

“Can Newforma become the connective 'single source of truth' PIM layer bridging design, construction, and owner workflows in AECO?”

Founded2004
HQManchester, New Hampshire, USA
Total raised$25.1M (pre-PE)
Latest roundPE Growth / Acquisition by Ethos Capital
IndustryVertical SaaS / Construction

The story

Founded in 2004 (formerly AEC1) as a project information management (PIM) software vendor for architecture, engineering, construction, and owner/operator (AECO) firms. Grew through the Newforma Project Center on-premise product, then expanded to cloud with Newforma Konekt and Newforma ConstructEx. Acquired by Ethos Capital in 2023, now scaling cloud + AI on AWS. Newforma has no embedded finance layer — it is a pure vertical SaaS document/coordination tool for AEC.

Last 12 months

2024

AWS and Newforma announce 7-year cloud & AI strategic collaboration

2023

Ethos Capital acquires Newforma as majority investor

Product timeline

2004

Founded as AEC1 / Newforma to build project information management software for the AECO industry· pivot

2018

Data Protection Addendum published for GDPR compliance· pivot

2023

Ethos Capital acquires Newforma as majority investor· acquisition

2024

Announced 7-year strategic cloud & AI collaboration with AWS, including FedRAMP readiness and generative AI capabilities· pivot

The stack

1 layer disclosed in Newforma’s embedded-finance stack

Accounting

ProcoreAutodeskMicrosoft TeamsAgave (30+ systems)

Accounting gap: none

Newforma — frequently asked

Which accounting software does Newforma integrate with?

Newforma integrates with Procore, Autodesk, Microsoft Teams and Agave (30+ systems).

Where is Newforma headquartered?

Newforma is founded in 2004 and headquartered in Manchester, New Hampshire, USA.

How much funding has Newforma raised?

Newforma has raised $25.1M (pre-PE) in total (latest round: PE Growth / Acquisition by Ethos Capital).

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