What is BuildingConnected?
BuildingConnected, founded in 2012 and based in San Francisco, California, operates as a sophisticated preconstruction platform. Its core function is to empower real estate owners and general contractors by streamlining the process of hiring qualified contractors for their diverse projects. The platform facilitates efficient communication, bidding, and selection, aiming to reduce project risks and improve outcomes in the construction lifecycle. This focus on optimizing the early stages of construction projects positions BuildingConnected as a key player in the digital transformation of the real estate and construction industries.
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 Zachary Aarons, Homebrew Ventures, Eric Schiermeyer, Kris Gale, Freestyle Capital, and Darren Bechtel
Series A (2015): $8.5M led by CrossLink Capital, Bee Partners, Homebrew Management LLC, Freestyle Capital, and Brick & Mortar Ventures
Series B (2017): $22M supported by Crosslink Capital, Homebrew Ventures, Lightspeed Venture Partners, and Freestyle Capital
Other Financing Round (2018): $15M featuring Brookfield Ventures
Key Investors in BuildingConnected
Homebrew Ventures
Homebrew is a venture capital firm specializing in early-stage technology investments, known for its hands-on approach and support for founders.
Freestyle Capital
Freestyle VC is an early-stage venture capital firm that invests in technology companies, providing strategic guidance and support to help founders scale their businesses.
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.
What's next for BuildingConnected?
With the infusion of major enterprise-level funding and a recent strategic investment, BuildingConnected is poised for accelerated expansion and product development. This capital injection will likely fuel enhancements to its preconstruction platform, potentially expanding its feature set to cover more aspects of project management and contractor engagement. The company may also look to broaden its market reach, targeting new geographical regions or deepening its penetration within existing markets. Strategic partnerships and further technological innovation are anticipated as BuildingConnected continues to solidify its leadership in the construction technology space, aiming to redefine how projects are initiated and contractors are selected.
See full BuildingConnected company page
