What is BuildingConnected?
Founded in 2012 and headquartered in San Francisco, California, BuildingConnected operates as a preconstruction platform. Its core function is to empower real estate owners and general contractors by streamlining the process of hiring qualified contractors for their projects. The platform aims to enhance efficiency and transparency in the complex world of construction project procurement.
How much funding has BuildingConnected raised?
BuildingConnected has raised a total of $47.7M across 4 funding rounds:
Other Financing Round
$2.2M
Series A
$8.5M
Series B
$22M
Other Financing Round
$15M
Other Financing Round (2014): $2.2M with participation from Freestyle Capital, Darren Bechtel, Eric Schiermeyer, Zachary Aarons, Kris Gale, and Homebrew Ventures
Series A (2015): $8.5M led by Freestyle Capital, Bee Partners, CrossLink Capital, Brick & Mortar Ventures, and Homebrew Management LLC
Series B (2017): $22M supported by Crosslink Capital, Homebrew Ventures, Freestyle Capital, and Lightspeed Venture Partners
Other Financing Round (2018): $15M featuring Brookfield Ventures
Key Investors in BuildingConnected
Freestyle Capital
Freestyle VC is an early-stage venture capital firm recognized for investing in numerous technology companies, including Airtable and Patreon. The firm focuses on supporting early-stage tech companies during their initial funding rounds, often taking a lead role in seed investments.
Crosslink Capital
Crosslink Capital is an investment firm that partners with ambitious early-stage founders to build category-defining companies. With a focus on seed and Series A investments ranging from $1M to $9M, the firm has a diverse portfolio across North America, boasting over 50 exits including 17 IPOs.
Homebrew Ventures
Homebrew is a company that operates in the Venture Capital & Private Equity industry. It employs 10to19 people and has 1Mto5M of revenue. The company is headquartered in San Francisco, California.
What's next for BuildingConnected?
The substantial enterprise-level backing indicates BuildingConnected is poised for significant scaling and market expansion. This strategic investment will likely fuel further development of its preconstruction technology, enhance its market penetration, and potentially support acquisitions or strategic partnerships to solidify its position as a leader in construction technology. The company's focus on optimizing contractor selection and project bidding suggests a continued emphasis on driving efficiency and value within the real estate and construction industries.
See full BuildingConnected company page
