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.
Employees
4000
Founded
2002
Industry
B2b Saas
Latest Funding Round
IPO
Latest Funding Round Size
Post-IPO Secondary
Parent Company Website
Public Company Status
Public
Use Clay
No
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
2020Other 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.
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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