# 1build

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/1build

- Industry: Construction
- Headquarters: Mountain View, US
- Website: www.1build.com
- Total disclosed funding: $23M
- Latest round: Series A (Sep 22, 2021)
- Investors on record: 7

## About

1build, Inc. is a technology company specializing in AI-driven solutions for the construction industry, providing tools for efficient project management and estimating processes for contractors.Founded in 2019 and headquartered in Mountain View, US, 1build, Inc. offers innovative solutions for the residential construction sector. The company was founded by Dmitry Alexin, who also serves as the CEO. In September 2021, 1build raised USD 14 mn in Series A funding from Greycroft Partners, which constitutes its total funding to date. The firm has completed 4 deals as it continues to expand its presence in the construction technology space.1build's core offerings revolve around Handoff, an advanced AI-driven toolkit designed to optimize the operations of residential construction businesses. This comprehensive system enables contractors to generate instant construction estimates, manage customer relationships through a CRM platform, create winning proposals, and handle invoicing and project management seamlessly. By leveraging machine learning algorithms, Handoff aims to streamline the estimating process, minimize errors, and provide contractors with the insights needed to enhance their workflow and productivity. The primary customers served by 1build include remodelers, handyman services, and those involved in the fix-and-flip market. Handoff's suite of services is available in various geographical markets, including the United States and Canada, catering specifically to the needs of local contractors looking to modernize their operational capabilities.1build operates on a subscription-based revenue model, which allows clients to access its suite of tools through various pricing plans tailored to the needs of different business sizes and requirements. The structure of transactions generally involves monthly or annual fees paid by contractors for continuous access to the Handoff platform, which includes features such as instant AI estimates and project management tools. Clients may also have the option to hire professional estimators through 1build's estimating service, allowing for a more hands-on approach to bidding and project launches. This transaction framework emphasizes B2B engagements, as 1build focuses on serving construction professionals directly. The pricing plans for these services are designed to accommodate a range of budgets, ensuring that both small contractors and larger firms can benefit from the technology without significant upfront costs.In September 2021, 1build, Inc. raised USD 14 mn in Series A funding led by Greycroft Partners. The company intends to utilize this funding to assist construction firms in optimizing their cost estimates. Future initiatives may include the development and launch of new products tailored to enhance operational efficiency in the construction sector, alongside plans to expand into additional markets beyond the US and Canada to further support local contractors.

## Funding rounds

- Series A, Sep 22, 2021, $14M — Greycroft
- Seed, Oct 24, 2020, $5.5M — Initialized Capital
- Seed, Mar 16, 2020, $0.1M — Y Combinator
- Seed, Mar 1, 2020, $3M — Soma Capital Management, Liquid 2 Ventures, MetaProp, Afore Capital

## Investors

- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- MetaProp (https://capitalatlas.ai/funds/metaprop) — Seed
- Afore Capital (https://capitalatlas.ai/funds/afore-capital) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Seed
- Greycroft (https://capitalatlas.ai/funds/greycroft) — Series A