[Bismarck, ND] — Pavewise, a trailblazing management and solution software company, has successfully closed $1.3 million in a recent funding round aimed at revolutionizing the Asphalt Paving Industry. This significant investment marks a milestone moment in Pavewise’s mission to bring innovation, efficiency, and profitability to an industry ripe for transformation. The $1.3 million round was led by M25, a Chicago-based Midwest-focused venture capital firm with participation from Far Out Ventures, gener8tor’s 1889 Fund, Broadwater Capital, and the Hustle Fund.
Bryce Wuori, Co-Founder and CEO of Pavewise, stated: “Over the past decade, asphalt paving has become my passion, and I aim to blend expertise and technology to empower success in this industry. Pavewise is the cornerstone of this mission, and our investors’ support in this round will greatly enhance our ability to bring positive transformation to the Asphalt Paving Industry. The Pavewise team is deeply grateful for their partnership and support.”
Pavewise combines deep industry expertise with cutting-edge technology to provide a comprehensive software solution that streamlines operations, reduces stress, and drives increased profitability for businesses within the asphalt paving sector. The company’s software solution is poised to be a game-changer, offering a comprehensive and user-friendly platform designed to optimize every aspect of the asphalt paving process.This funding round will fuel key initiatives, including enhancing the software platform with advanced features, expanding into new markets, improving customer support and training programs, and maintaining a commitment to continuous research and development to remain at the forefront of paving technology.
Pavewise is immensely grateful for the support of the gener8tor programs such as gBETA Fargo, and the gener8tor North Dakota accelerator for believing in the software and team at its earliest stages. The programming and network of connections that resulted from both programs were pivotal in launching Pavewise and closing this funding round.
Pavewise invites paving companies, contractors, and industry professionals to explore their software and experience the benefits of enhanced efficiency and profitability.
About Pavewise
Pavewise is a forward-thinking management and solution software company dedicated to revolutionizing the Asphalt Paving Industry. By combining deep industry expertise with innovative technology, Pavewise offers a comprehensive platform that improves efficiency, reduces stress, and increases profitability for businesses within the sector.
About M25
M25 is a Chicago-based Midwest-focused venture capital firm run by Victor Gutwein and Mike Asem. Since the firm’s inception in 2015, M25 has invested in over one hundred early-stage tech startups in over 24 cities across 11 states in the Midwest. M25’s objective, analytical model and collaborative, forward-thinking approach creates a large portfolio spanning several industries across the entire region, allowing them to establish M25 as a key node in the Midwest startup ecosystem.
About Far Out Ventures
Far Out Ventures is an early-stage venture capital firm investing in exceptional founders building transformational B2B companies in overlooked markets.
About gener8tor 1889
gener8tor is a global venture firm and accelerator network that supports startups, workers, employers, artists and musicians across race, place and gender. gener8tor partners with companies, governments, universities and nonprofits to operate programs and conferences in more than 41 communities across 22 states and two countries.
In North Dakota, gener8tor operates under the banner of gener8tor 1889 Through gener8tor 1889, gener8tor operates a venture capital seed fund that makes investments into North Dakota-based startups, and three annual accelerator programs including gener8tor North Dakota, gBETA Grand Forks and gBETA Fargo.
gener8tor was brought to North Dakota by 50 South Capital, which manages the North Dakota Growth Fund, in late 2022.
About Broadwater Capital
Broadwater Capital is a private investment firm based in Fargo, ND. Through its flexible mandate, Broadwater seeks to provide capital and strategic support with an ability to invest in a variety of industries, transaction types, and stages of companies.
About Hustle Fund
Hustle Fund is a pre-seed/seed-stage fund based in San Francisco and Singapore founded in 2017 by Elizabeth Yin, Shiyan Koh, and Eric Bahn. From their combined experience as successful founders, tech employees, and investors, Hustle Fund’s General Partners learned that, despite entrenched stereotypes in the venture world, great founders look like anyone and come from anywhere. Hustle Fund’s core investment strategy is to invest in teams who demonstrate relentless speed and execution (defined as ‘hustle’) and has turned the VC model on its head. The investment team reviews over 1000 deals per month, moves quickly to invest a modest initial check, and occasionally writes larger concentrated seed checks. Hustle Fund invests globally in about 100 companies per year.
