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Procore Analysis: $320M Raised

What is Procore?

Procore provides construction management software that connects project stakeholders, integrating tools for preconstruction, project execution, and financial management to enhance collaboration and efficiency.

HQ Country
Carpinteria, United States
Employees
4000
Founded
2002
Industry
B2b Saas
Recent Funding Round
IPO

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.

How much Procore raised

Series A - $15 million

2014
Lead Investor: Bessemer Venture Partners

Series B - $30 million

2015
Lead Investor: Bessemer and Iconiq Capital

Series C - $50 million

2016
Lead Investor: Iconiq

Series D - $75 million

2018

Series E - Over $150 million

2020

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.

Recent 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."

Sales Tech Stack

Procore utilizes "Salesforce" for customer relationship management and "HubSpot" for marketing and sales processes as part of its sales technology stack. However, a comprehensive list of all tools in their sales operations was not found.

Find more companies like Procore

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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
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