BuildingConnected Raises $22M in Series B Funding

BuildingConnected, a San Francisco, CA-based preconstruction platform for general contractors, subcontractors and owners, raised $22M in Series B funding.The round, which brings total funding to over $37m, was led by Lightspeed Venture Partners with participation from existing investors Crosslink Capital, Homebrew, Freestyle, Bee Partners and Brick & Mortar.Founded in 2012 by Dustin DeVan, CEO, BuildingConnected streamlines preconstruction with a software platform for general contractors, subcontractors and owners.The company’s network connects construction professionals across the US, allowing them to manage all their bids, communicate and close deals.It also recently introduced Opportunity Manager, a CRM platform designed for subcontractors, which allows subcontractors to manage all their bid opportunities in one place, to consolidate all their bid invites, and keep track of the status of each, assign and track which estimator is working on each opportunity, access to custom reports to understand trends and measure their success, and integrate with calendar applications.