A Big Step Forward for the Trades and for Ply

We started Ply with a simple belief: contractors deserve systems that work as hard as they do. The work our customers do installing, fixing, building, keeping homes and businesses running can’t slow down because a part wasn’t tracked or a PO got lost in someone’s inbox. 

Materials management shouldn’t be a guessing game. It should be a competitive advantage.

That’s why I’m incredibly proud to share some big news: Ply has raised $8.5 million in strategic funding, led by Ferguson Ventures, the corporate venture arm of Ferguson, one of the largest value-added distributors in North America. Our existing investors, Primary and SignalFire, also participated in the round.

This isn’t just funding, it’s a collaboration. Ferguson brings unmatched scale and supply chain expertise. Ply brings field-first software that’s built for the way trades actually work. Together, we’re unlocking a smarter, more automated way to keep the right materials on hand on the truck, at the jobsite, or back at the warehouse.

Why this matters

In talking to hundreds of contractors and service pros the same themes come up again and again: 

• Burning hours on last-minute runs 
• Over-ordering to avoid stockouts
• Spending way too much time tracking down who used what, and where it went

It’s death by a thousand materials cuts. Ply was built to fix that. We give you visibility into what’s in stock, what’s moving, and what needs to be reordered. We automate the busywork of purchasing. We flag issues before they become emergencies. The result? Our customers are seeing deadstock drop below 15%, saving up to 15 hours per ops team member each week, and boosting billable work by 20% by making sure techs have the right materials before the truck runs out to the job.

Why Ferguson?

Ferguson has spent decades supporting the trades with the right products and relationships. But what impressed us most is how seriously they take innovation. Their team sees what we see: that better inventory systems can make the difference between profit and pain, especially for small and mid-sized trade businesses.

This investment is about scaling that impact. It means faster product development, deeper integrations, and even tighter supplier relationships. Most importantly, it means more power in your hands to run leaner, smarter, and more profitably.

We’re just getting started

Ply is now trusted by hundreds of growing teams across the country from electricians and plumbers to HVAC crews and service contractors. Whether you’ve got 5 trucks or 50, you deserve tools built for how you actually work. This funding helps us build those tools faster, with even more focus on what you’ve told us matters most: less waste, more visibility, fewer headaches.

We’re incredibly grateful to our customers, our partners, and our team. And we’re beyond excited about what’s ahead.

Let’s build the future of materials management together.