Procore Technologies, Inc. Raises $30 Million to Accelerate Growth of Construction Project Management Software Business

Funding Rounds

▤ Summary

Procore helps construction professionals increase project efficiency and accountability by streamlining communication and centralizing documentation to minimize risk and delays––ultimately boosting profits. In the past year, Procore has doubled its user base and employee headcount and has been featured in the Inc. 500/5000 list of the fastest growing companies in the nation thanks to innovations to its construction project management tools. "During the past year, the Procore team has executed on its product roadmap, grown its mobile app adoption, and secured some of the largest construction contractors and facility owners in the world. "This additional funding will provide us with a substantial advantage to execute on our mission to deliver easy and powerful solutions for the multi-billion dollar construction and facility owners market." Hundreds of thousands of registered Procore users manage all types of construction projects, including industrial plants, office buildings, apartment complexes, university facilities, retail centers, and more.

$ Funding

$
Amount $30.0M Total raised
□
Date April 16, 2015 Announcement date
◎
Investors Bessemer Venture Partners, ICONIQ Capital, Procore Lead investors
▥
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