Shea & Company Advises Sverica Capital on its Strategic Growth Investment in Raken
Raken Profile
- Raken is a leading field management software provider to the construction industry focused on streamlining reporting and project oversight
- The company’s platform includes features such as daily progress reporting, time and production tracking, safety and quality management, as well as workforce management
- Raken has experienced a period of accelerated product innovation and expansion in recent years, growing from 13,000 to 70,000 users and broadening its daily reporting product suite into a comprehensive field platform that includes time tracking, safety management, project management, scheduling and more
- Headquartered in Carlsbad, California and founded in 2012, Raken helps contractors save time and money, reduce risk and keep projects on track
Sverica Capital Profile
- Sverica Capital is a leading growth-oriented private equity firm that has cumulative committed capital of $2.2Bn since inception
- Since inception, Sverica has followed a “business builder” approach to investing and takes an active supporting role in its portfolio companies to become market leaders
- Sverica firmly believes in building businesses collaboratively that can endure for the long term by starting with a strong foundation and bringing the right people and playbook to drive reinvestment and ultimately strong returns for our investors
- Sverica was founded in 2001 and is headquartered in Boston, MA
“
This new chapter with Sverica represents an exciting milestone for Raken. Their experience supporting high-growth software companies will help us continue to serve our customers' growing needs, build innovative new solutions, and expand our field management platform for the construction industry.
Ty Kalklosch
CEO, Raken
“
Raken has built an impressive platform that solves real problems for construction professionals. We are excited to partner with Ty and the talented Raken management team as we reinvest back into the company, launch new product features and ultimately aspire to lead the category.
Jordan Richards
Managing Partner, Sverica
“
Raken is helping contractors automate key workflows and digitize what have historically been processes managed with pen and paper. The market opportunity and the team's vision for the product are compelling.
Michael Dougherty
Principal, Sverica
Transaction Notes
- Sverica Capital’s strategic growth investment in Raken was announced on September 9, 2025
- Shea & Company served as financial advisor to Sverica Capital