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Constrafor raises Series A with $14M Equity and $250M credit facility to solve construction industry challenges

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Series A investment led by NFX accelerates Constrafor’s mission to provide cutting-edge financial and AI-powered solutions for the construction industry

NEW YORK, Nov. 27, 2024 /PRNewswire/ — Constrafor, a pioneering software provider for the construction industry, today announced the successful close of its $264 million Series A funding round. The financing, comprising an equity component of $14 million and a $250 million credit facility, has been led by NFX on the equity side, and Wafra and Crestline Investors on the credit side. The investment will accelerate Constrafor’s ambitious growth plans and cement its leadership in construction finance technology.

Constrafor is dedicated to tackling the construction industry’s most pressing challenges—tight margins, cash flow constraints, supply chain disruptions, and labor shortages. By strengthening relationships between subcontractors and General Contractors (GCs), Constrafor’s innovative technology and financial solutions drive meaningful impact.

The Constrafor technology platform modernizes how GCs manage subcontractor relationships, transforming inefficient processes into a streamlined digital command center. With integrated procurement tools, simplified invoicing, and the Discovery Network connecting GCs to a wide roster of subcontractors, the platform ensures efficient and organized subcontractor procurement and payment. To round-up the subcontractor administration process, Constrafor’s Prequal and its AI-powered Insurance CoPilot provide contractors with powerful solutions for streamlining insurance document management and automating full policy compliance reviews.

For subcontractors, Constrafor’s Early Pay Program (EPP) is a game-changer. It accelerates payments at competitive rates, easing cash flow pressures and eliminating lengthy payment cycles. Taking financial empowerment even further, the soon-to-launch Subcontractor CFO Suite will offer advanced tools, such as project-based accounting, supplier management, and enhanced financial controls—redefining financial management for the construction sector.

Anwar Ghauche, CEO and Cofounder of Constrafor, commented: “This Series A funding is testament to the critical need for Constrafor in the construction sector. We’re not just providing features or point solutions; we’re rewiring the construction industry’s financial operating system. With this investment, we’re poised to expand our reach and impact, helping more contractors build sustainable, profitable businesses.”

Douglas Reed, CTO and Cofounder, added: “This funding allows us to scale our AI capabilities, giving clients access to advanced technology. It streamlines operations and creates new opportunities in an evolving industry.”

Pete Flint, Partner at NFX, expressed his confidence in the company’s vision: “We’ve seen firsthand how marketplaces like Trulia, Zillow and DoorDash can leverage network effects to become dominant players in their industries. Constrafor is exhibiting similar traits, rapidly building a platform that has the potential to become the de facto service by empowering contractors and streamlining payments and financing in the construction industry.”

Rahul Vaid, Lead Partner at Crestline, added: “Given our extensive experience in real estate investment, we recognize how critical cash flow is for subcontractors. Constrafor’s innovative financing solutions address this need, enabling subcontractors to thrive in a competitive and capital-intensive industry. We are excited to support Constrafor’s mission to streamline cash flow management and empower the construction ecosystem.”

Paul Steinberger, Managing Director at Wafra, said: “Constrafor is reshaping the construction finance landscape. Its innovative financing tools, which are proving invaluable to contractors and subcontractors alike, are helping usher in a new paradigm in the industry. Wafra is delighted to support this ground-breaking operation.”

About Constrafor
Constrafor is the construction industry’s first vertically integrated supply chain finance and risk management platform. By leveraging advanced technology and innovative financial products, Constrafor empowers general contractors and subcontractors to optimize cash flow, mitigate risk, and streamline operations. Visit our website to learn how Constrafor can transform your business operations and financial management.

About NFX:
NFX is a leading seed-stage venture firm based in San Francisco, CA and Herzlia, Israel, started by technology entrepreneurs who built 10 companies with more than $10 billion in exits. They are experts in networks, platforms and marketplaces across multiple industries and geographies. To learn more, visit www.nfx.com and follow @NFX on Twitter.

About Wafra:
Wafra is a global alternative investment manager with approximately $28 billion of assets under management across a range of alternative assets, including real assets, real estate, strategic partnerships, and special situations. By providing flexible and accretive capital solutions and focusing on long-term partnerships, Wafra aligns and partners with high quality asset owners, companies, and management teams. Headquartered in New York, Wafra has additional offices in London and Bermuda. www.wafra.com

About Crestline Investors:
Crestline Investors, Inc is an alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Toronto, and Tokyo. The firm has approximately $18 billion in assets under management (as of March 31, 2024), and is specialized in private credit strategies, offering a diverse range of investment solutions across its direct lending, opportunistic, and portfolio finance platforms. For more information, visit www.crestlineinvestors.com.

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HR Path Strengthens its Australian Presence with Strategic Acquisition of Payroll Experts Australia

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PARIS, Oct. 21, 2026 /PRNewswire/ — HR Path, a global leader in HR consulting and HRIS solutions, today announces its strategic acquisition of Payroll Experts Australia, a Brisbane-based company specialising in payroll compliance, remediation, workforce management and HR systems consulting.

Founded in 2009, Payroll Experts Australia has delivered more than 530 projects for over 260 organisations across Australia and New Zealand. Independent of any software vendor, the company supports employers across the full payroll, workforce management and HR systems lifecycle, with expertise spanning payroll compliance and audit, remediation, award and agreement interpretation, payroll processing, advisory and end-to-end systems implementation.

The acquisition strengthens HR Path’s ability to provide end-to-end HR transformation services across the ANZ market. Payroll Experts Australia’s specialist capabilities complement HR Path’s existing HRIS technology and SAP SuccessFactors expertise, enabling the combined organisation to support clients with a broader range of locally grounded services, from strategic advisory and systems implementation to payroll compliance and operational support. 

Payroll Experts Australia will continue to operate under the brand “Payroll Experts Australia, an HR Path Company”. Its leadership team and employees will remain in their current roles, ensuring continuity of service for clients while giving the business access to HR Path’s international capabilities and resources. 

The transaction builds on HR Path’s expansion in the region. HR Path has been active in Australia since 2019, following the acquisition of DDG. It opened an Australian office in 2024 and acquired RKM Consulting in 2025, strengthening its HRIS technology and SAP SuccessFactors capabilities across Australia and New Zealand.  

“The acquisition of Payroll Experts Australia, a company renowned for its expertise in payroll compliance, is a strategic move that supports our ambition to be the global reference in HR transformation,” said François Boulet, Co-founding Partner at HR Path. “Their deep knowledge and strong client relationships in Australia complement our global capabilities, enabling us to deliver even more value to our clients. This partnership is about synergy, innovation, and shared commitment to excellence.”

“We are very happy about this new chapter!” said Steve Keenaghan, Chief Executive Officer at Payroll Experts Australia. “This step opens up exciting opportunities for our team and our clients and ensures our continued growth and success. We will maintain our commitment to delivering exceptional, independent payroll expertise while exploring new possibilities within HR Path.”

Contact:

Fabienne LATOUR  Fabienne.latour@hr-path.com

 

 

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Sungrow Powers Up for All Energy Australia 2026 With New Residential Innovation and Full Ecosystem Showcase

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MELBOURNE, Australia, Oct. 21, 2026 /PRNewswire/ — Sungrow, the global leader in PV inverter and energy storage solutions, is set to make a strong return to All Energy Australia 2026, the region’s largest and most influential renewable energy exhibition. It will introduce its next-generation all-in-one residential flagship PowerHarbour, alongside a comprehensive showcase of technologies for residential, C&I, and utility-scale applications.

As Australia accelerates toward a cleaner, more resilient energy future, Sungrow’s presence at All Energy will once again serve as a central meeting point for industry leaders, installers, innovators, and policymakers. The booth will offer visitors a rich blend of product demonstrations, technical insights, interactive experiences, and opportunities to connect with Sungrow’s local engineering and sales teams.

A New Addition to Residential Energy Storage

At the upcoming All-Energy 2026, Sungrow will officially unveil PowerHarbour in Australia for the first time. It is a residential all in one solution designed to simplify energy independence for homeowners. It combines sleek design, intelligent integration, advanced safety features and a modular design that can deliver up to 120kWh of capacity. The enhanced AFCI 3.0 protection makes it one of the most flexible and homeowner‑friendly systems on the market. The result is a clean, integrated solution that empowers households to take control of their energy with confidence and ease.

C&I Solutions for Diverse Applications

The exhibition will also showcase Sungrow’s C&I portfolio, including PowerKeeper, deployed across diverse Australian environments, and the ST255CS liquid-cooled BESS cabinet, designed for applications such as microgrid stability and FCAS. Together, these solutions demonstrate Sungrow’s capabilities in delivering flexible, reliable energy storage for a wide range of commercial and industrial needs.

Utility-Scale Innovation on Display

For utility developers and EPCs, Sungrow will present a full-size PowerTitan 3.0, giving visitors a rare opportunity to see the battery container up close. Together, PowerTitan 3.0 and 1+X modular inverter demonstrate advanced energy storage, grid-forming capabilities, and flexible deployment for complex project environment. Backed by dedicated local project management, comprehensive technical support, and a growing project pipeline across Australia and New Zealand.

Visit Sungrow at Booth KK123

Sungrow invites all attendees to visit Booth KK123 at All Energy Australia 2026 to experience its latest residential, commercial, and utility‑scale innovations firsthand. Attendees can expect a vibrant and engaging atmosphere throughout the day featuring lucky draws with exciting prizes, free premium coffee, photobooth and insightful presentations. The booth promises a full day of discovery, connection, and inspiration. Sungrow looks forward to welcoming partners, customers, and renewable energy enthusiasts as we continue powering Australia’s clean energy future together.

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AglaiaSense and Leopard Imaging to Demonstrate Privacy-First AI Traffic Sensing at Smart City Expo World Congress in Barcelona

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FREMONT, Calif. and BARCELONA, Spain, Oct. 21, 2026 /PRNewswire/ — AglaiaSense and Leopard Imaging will exhibit together at Smart City Expo World Congress, November 3–5, 2026, at Fira Barcelona Gran Vía.

The two companies proposed AI-VIVA (Vision Intelligence for València and Arterials) and is selected as a finalist in the fifth urban challenge of Barcelona Innova Lab Mobility (BILM), on the application of artificial intelligence to traffic-light regulation. AI-VIVA combines AglaiaSense’s edge-AI traffic solutions with Leopard Imaging’s patented privacy architecture. At the show, the team will give a live demonstration of AglaiaSense’s signature MS500 and GS500 cameras, with the AglaiaSense AI Box, powered by NVIDIA, which adds local processing to coordinate groups of neighboring intersections.

The cameras analyze images inside the device, using the Sony IMX500 and IMX501 intelligent vision sensors. They count and classify vehicles, buses, cyclists and pedestrians in real time. Raw video is discarded on the device within 400–800 milliseconds, and only anonymous metadata is transmitted. Cities can feed that data into signal-control software to adapt traffic lights to real demand.

MS500: about 2 W average power, 1080p, powered from a standard NEMA or ZHAGA street-light socket.

GS500: about 6.5 W average, dual 4K cameras, with Ethernet, LTE Cat 4 and GPS; powered by PoE, 12–24 V DC or a NEMA adapter.

Both cameras: IP66-rated, −20 °C to +65 °C, mounted on existing poles, so no trenching or new masts are needed.

Bandwidth: more than 95% lower than CCTV-based monitoring.

“Cities want safer, smoother streets without turning every crossing into a surveillance point,” said Leon Luo, CEO of AglaiaSense. “Being named a finalist in Barcelona tells us the approach resonates.”

“Privacy has to be built into the camera, not added later,” said Bill Pu, CEO of Leopard Imaging.

AglaiaSense’s solutions are deployed across North America and Asia, and the company won first place in the Pedestrian Safety Challenge Hackathon, run by the Edge AI Foundation (formerly the tinyML Foundation) and the City of San José. In field tests, the systems achieved detection and counting accuracy above 95%. The City of Lakewood, Colorado, compared the GS500 with traditional IP cameras and LiDAR on real roads and found it more accurate, more energy-efficient, and less costly to deploy. At a high-risk crossing where pedestrians often crossed outside the crosswalk, the system alerted approaching drivers in real time.

Visit us at Pavilion 3, Level 0, Street D, Stand 71. To book a meeting, email sales@aglaiasense.com.

About AglaiaSense

AglaiaSense, is an edge-AI company specializing in privacy-first, vision-based sensing for smart cities. Its GS500 and MS500 cameras run AI on the image sensor to count and classify road users in real time and send only anonymous metadata.

About Leopard Imaging

Leopard Imaging is a global leader in high-definition embedded cameras and AI-based imaging solutions in industries including automotive, aerospace, drones, IoT, and robotics.

Media contact:

Cathy Zhao

+1 (408) 263-0988

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