eSUB Construction Software raises $5 million to help subcontractors track jobs and get paid
Summary
A San Diego startup called eSUB Construction Software has raised $5 million in a Series A round led by Revolution Ventures according to President and CEO Wendy Rogers. Her detailed knowledge of the way that subcontractors complete jobs was a key factor that led Revolution to back eSUB, according to a partner with the firm, Bobby Ocampo. Tapping into that trend, eSUB intends to use some of its funding to build additional native mobile apps with open APIs to help foremen, project superintendents, supervisors and other field workers get their jobs done. The company plans to expand from about 50 employees today to about 100 over the next year, hiring especially in its product and software engineering, customer support and sales and marketing roles, Wagner said. Prior to raising its Series A round from Revolution Partners, eSUB had raised a small amount of angel funding from returning investor The Investor Group, led by Sheldon Lewis, Raymond Levitt, and the Stanford Farmers Investment Club, a group of Stanford professors that make angel investments.
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