Procore Analysis: $320M Raised
What is Procore?
Procore is a construction management software that connects all stakeholders on a project. Its platform integrates various tools for preconstruction, project execution, and financial management. This unified approach enhances collaboration, efficiency, and project outcomes across the construction industry.
Location
6309 Carpinteria Avenue, Carpinteria, California 93013, United States
Employees
1001-5000
Founded
2002
Address
6309 Carpinteria Avenue, Carpinteria, CA 93013
Latest Funding Round Size
Post-IPO Secondary
Public Company Status
Public
Recent Funding Round
IPO
State of Headquarters
California
Product Features & Capabilities
- Preconstruction management tools for bids and estimates
- Project management solutions for real-time visibility
- Financial management features for project financials and invoicing
- Resource management capabilities for tracking and planning
- Procore Helix for AI-powered insights and analytics.
Use Cases
Manage construction projects from preconstruction to closeout; Improve team collaboration between field and office; Streamline financial insights for project stakeholders; Enhance safety and quality management on job sites; Automate routine tasks with AI-driven capabilities.
How much Procore raised
Series A - $15 million
2014Lead Investor: Bessemer Venture Partners
Series B - $30 million
2015Lead Investor: Bessemer and Iconiq Capital
Series C - $50 million
2016Lead Investor: Iconiq
Series D - $75 million
2018Series E - Over $150 million
2020Recent Venture Round Amount
The amount of money raised in the most recent venture funding round for Procore is not disclosed as it is marked as "Obfuscated."
Other Considerations
Serves over 3 million projects in more than 150 countries; Offers 24/7 customer support; Integrates with over 500 applications in the Procore App Marketplace.
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Financial Overview
$320MTotal Raised
Series A$15 million
2014
Investors: Bessemer Venture Partners
Series B$30 million
2015
Investors: Bessemer and Iconiq Capital
Series C$50 million
2016
Investors: Iconiq
Series D$75 million
2018
Series EOver $150 million
2020
Post-IPO Secondary
September 21, 2023
Secondary Market
July 10, 2020
Investors: 12 West Capital
Series I
May 16, 2020
Investors: Global Secure Invest
Venture Round
May 1, 2020
Investors: D1 Capital Partners
Series I
September 26, 2019
Investors: ICONIQ Growth
Series H
July 30, 2019
Series H
December 14, 2018
Investors: Tiger Global Management
Secondary Market
June 22, 2017
Investors: Dragoneer Investment Group
Series H
February 1, 2017
Series G
December 8, 2016
Investors: ICONIQ Growth