In the United States, the federal government has allocated an estimated $350B across five years for highway and bridge improvements. As around 94% of US paved roads use asphalt, a substantial portion of this budget is expected to directly benefit the asphalt paving sector. Despite this potential, many of these companies still rely on inadequate software and manual handheld calculators for project management and the ability to adapt to and prevent losses from things like inclement weather and other unforeseen factors. These inefficiencies significantly impact project timelines, leading to delays that ripple through other projects and cause missed deadlines and the forfeiture of lucrative bonus incentives.
Pavewise offers a specialized software solution designed to empower paving companies in effectively managing projects, from initial planning to successful completion, thereby ensuring timely project delivery and optimizing for earning valuable bonus incentives. The Pavewise software is already operational, driving massive savings across early adopters, with a growing client base drawn from a robust pipeline of customers.
Beyond its disruptive potential in the asphalt industry, we are enthusiastic about the company’s foundation by industry experts. Bryce Wuori, the visionary behind Pavewise, boasts a career dedicated to asphalt paving. From beginnings as an entry-level field worker, he ascended to roles of project manager and technology specialist before establishing his own specialized firm. With decades of global experience in complex projects spanning airport runways to Formula 1 tracks, Bryce’s reputation and influence across the industry align seamlessly with the challenges Pavewise aims to address.
The M25 team is enthusiastic about the Pavewise team and what they’ve accomplished in a short amount of time, and we’re looking forward to watching them continue to grow. Their expertise in this industry is paving the way for exciting growth moving forward!
About Pavewise: Established as a leader in innovative paving solutions, Pavewise offers a cutting-edge web-based software designed to maximize productivity and improve project quality in the asphalt paving industry. Our software expertly manages key variables such as weather conditions, project specifications, and equipment operations. In 2023 alone, Pavewise played a crucial role in managing over $20 million in paving projects across the United States. Our platform’s standout features, including predictive dynamic weather tracking, empower asphalt contractors to optimize project schedules and enhance working day efficiencies. With Pavewise, paving contractors are equipped to achieve greater incentives and profits. Discover more about how we’re revolutionizing asphalt paving at PavewisePro.com, or connect with us on Facebook, LinkedIn, Twitter and Youtube.
Learn more: Pavewise Secures $1.3 Million in Funding to Revolutionize the Asphalt Paving Industry
About M25: M25 is an early-stage venture firm based in Chicago, investing solely in tech startups headquartered in the Midwest. Since launching in 2015, M25 has become the most active investor in the region, quickly becoming the preferred seed investor for the next generation of Midwest unicorns. Portfolio companies include Kin Insurance, Loop Returns, Astronomer, Summersalt, SteadyMD, Branch, MVMNT and more. For more information, please visit www.m25vc.com.
