Procore Raises $50M More For Cloud Software - socaltech.com

Funding Rounds

▤ Summary

Carpinteria-based construction software developer Procore, which is led by Tooey Cortemanche, announced late Thursday that it has raised $50M in a new funding, led by ICONIQ Capital. According to Procore, the new funds will go towards expanding and extending its construction technology platform. The companys cloud-based construction software is used to manage construction projects. Procore says it now has close to 700 employees, spread across seven offices across the United States, and more than 2,500 clients worldwide. More information »

$ Funding

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Amount $50.0M Total raised
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Date December 8, 2016 Announcement date
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Investors ICONIQ Capital, Procore Lead investors
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Company http://www.procore.com Funded company

▥ Classifications

industries
Construction
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
Construction Management Software SaaS Enterprise Software

▦ Linked Companies