inBuild Analysis: $2M Raised
What is inBuild?
inBuild sells AI-powered invoice processing software for construction companies using Procore and QuickBooks Online. The product assigns invoices to projects, vendors, commitments, and costs, while syncing approved invoices back into accounting systems. The website positions the company around builders, office staff, and field teams managing invoices from email and the jobsite.
Location
Wilmington, United States
Employees
1-10
Founded
2021
Revenue
$1.5M
Product Features & Capabilities
- Invoicing Inbox, Accounts Payable Hub, Project Budgeting, Instant Pay Applications, Mobile App, Automatic Document Processing, Job Cost Tracking, Pay Application Creation, Review and Approval, Electronic Filing Cabinet, Contracts, Change Orders, Liens, Financial Platforms, Document Management
Pricing
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Essential Plan: Up to $5 Million in Annual Construction Volume
- Unlimited Projects
- Unlimited Document Storage
- Unlimited Data Exports
- Personal Digital Assistant
- Accounts Payable Suite
- 1 Standard Integration
- Standard Support
-
Enterprise Plan: Custom pricing built specifically for your business
- Everything in Essential, plus:
- ePayments
- Full Integration Suite
- Customized Exports
- Customized Workflows
- Backlogged Project Data
- Customized Feature Access
- Premium Support
- Organization Training
- 60-Day Money Back Guarantee
- Everything in Essential, plus:
-
ePayment Fees:
- ACH: $0 Transaction Fee
- Check: $0 Processing Fee
- Credit Card: 2.9% Transaction Fee
How much inBuild raised
1 - $2,250,000
September 18, 2020Lead Investor: Not specified in the source.
Who are the founders of inBuild
Investors
- Y Combinator
- Greater Colorado Venture Fund
- Pioneer Fund
- Hometeam Ventures
- Telluride Venture Network
Market Focus
inBuild primarily focuses on the construction and financial software industry, specifically providing solutions for builders to streamline billing processes and manage project finances.
Competitors Overview
The main competitors of inBuild in the financial software market for builders include:
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Sage Intacct: Recognized as the best overall alternative, Sage Intacct offers a comprehensive financial accounting software system suitable for small to mid-sized businesses. Its strengths lie in robust financial features that help manage complex accounting needs.
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Procore: This platform focuses on online construction project management and collaboration. Procore is known for its user-friendly interface and extensive project management capabilities, making it a strong choice for construction teams looking to enhance collaboration and efficiency.
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Acumatica: Acumatica provides cloud ERP and accounting solutions tailored for mid-sized businesses and non-profits. Its flexibility and scalability are notable advantages, allowing businesses to customize their financial management processes.
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GCPay: Specializing in managing payment applications and lien waivers in the construction industry, GCPay offers features that streamline payment processes, which can be a significant advantage for contractors and builders.
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Deltek ComputerEase: This software integrates job costs with project management tools, providing a comprehensive solution for managing construction projects and finances. Its integration capabilities are a key advantage for users looking to connect various aspects of project management.
Each of these competitors has unique strengths that differentiate them from inBuild, such as Sage Intacct's financial depth and Procore's project management focus.
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