Drifti

Drifti

A cutting edge digital platform providing efficiency to the construction industry through data gathering and automation.

HQ location
Oslo, Norway
Website
Launch date
Employees
Enterprise value
$6—9m
Company register number
921583869
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DateInvestorsAmountRound
-investor

€0.0

round
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round
N/A

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NOK12.8m

Early VC
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
USD201920202021202220232024
Revenues000000000000000000000000
% growth-(43 %)40 %(16 %)59 %19 %
EBITDA000000000000000000000000
Profit000000000000000000000000
% profit margin(13 %)(57 %)(140 %)(570 %)(240 %)(168 %)
EV000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget000000000000000000000000

Source: Company filings or news article

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More about Drifti
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Drifti, established in 2019 by founder and CEO Knut Magnus Aasli, is a Norwegian B2B SaaS company targeting the construction and trades industry. The firm provides a centralized digital platform designed to streamline administrative tasks for small to medium-sized craftspeople, such as plumbers and electricians. The business operates on a subscription-based model, offering a comprehensive system that handles processes from initial planning to final invoicing. This approach allows trade professionals to reduce time spent on paperwork and concentrate on value-creating work.

The platform's core functionality is to consolidate all administrative functions into a single system, enhancing productivity across the value chain. Its features include resource planning for a clear overview of time and availability, tools for health, safety, and environment (HSE) documentation like risk assessments and deviation handling, and customer communication management. A key offering is the direct integration with wholesalers, which ensures that price lists for materials are always current, leading to more accurate price calculations. Furthermore, the system simplifies financial processes by enabling invoicing via EHF (Elektronisk Handelsformat) and integrates with various accounting systems like PowerOffice Go, Fiken, and Xledger to automate the transfer of financial data.

Developed specifically for the Norwegian market, Drifti emphasizes local customer service and development, fostering close relationships with its user base to continuously refine the product based on their needs. The company reports that over 2,185 craftspeople utilize the platform. In September 2022, the company secured NOK 8 million in a funding round to support its growth. Drifti aims to become a leading provider of digital tools for the construction sector by leveraging technology to simplify complex processes for small and medium-sized enterprises.

Keywords: construction tech, trades management software, B2B SaaS, project management for artisans, field service management, invoicing software for contractors, resource planning, HSE documentation, wholesaler integration, accounting integration, Norwegian construction market, plumbing business software, electrician business software, SMB administrative tools, digital workflow for trades, Drifti.no, Knut Magnus Aasli, construction administration, project financial control, craftspeople software

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