# Procore Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/procore-technologies

- Industry: Software
- Headquarters: Carpinteria, US
- Website: www.procore.com
- Total disclosed funding: $495M
- Latest round: Series I (Sep 1, 2020)
- Investors on record: 10

## About

Based in California, US, and founded in 2002, Procore Technologies, Inc. is a provider of a construction management software platform that provides solutions to project stakeholders in the construction industry. Tooey Courtemanche is the founder and CEO of the company. In May 2021, the company acquired Indus.AI, a Canada-based maker of an artificial intelligence-powered analytics platform for the construction industry. In May 2021, the firm became a public company with the pricing of its initial public offering of its common stock at a price of USD 67 per share, offering 9.5 million shares of its common stock on the New York Stock Exchange under the symbol PCOR and the company has a valuation of USD 5 billion as of May 2021. The company’s construction management software platform covers project management, tender management, quality and safety, invoice management, design coordination, accounting integration, BIM, and field productivity. Procore provides its platform to owners, head contractors, and subcontractors. By streamlining and mobilizing project communications and documentation, the company assists businesses in increasing project efficiency and accountability.  Following the acquisition of INDUS.AI, the company plans to integrate INDUS.AI’s capabilities to add computer vision capabilities to the platform.

## Funding rounds

- Series I, Sep 1, 2020 — Argonautic Ventures
- Series I, May 1, 2020, $150M — D1 Capital Partners
- Series I, Sep 24, 2019, $90M — Bessemer Venture Partners, ICONIQ Capital
- Series H, Dec 5, 2018, $75M — Tiger Global Management
- Series G, Dec 8, 2016, $50M — ICONIQ Capital
- Series F, Feb 9, 2016, $30M — Bessemer Venture Partners
- Series F, Dec 17, 2015, $50M — Bessemer Venture Partners, ICONIQ Capital
- Series E, Mar 31, 2015, $30M — Bessemer Venture Partners, ICONIQ Capital
- Series D, Nov 13, 2014, $1.2M — Bessemer Venture Partners
- Series D, Jun 10, 2014, $15M — Bessemer Venture Partners, Lumia Capital, Lead Edge Capital, Oxygen Capital
- Series B, Oct 11, 2006, $4M — Persistence Partners, Tech Coast Angels

## Investors

- Persistence Partners (https://capitalatlas.ai/funds/persistence-partners) — Series B
- Tech Coast Angels — Series B
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series D, Series E, Series F, Series I
- Lumia Capital (https://capitalatlas.ai/funds/lumia-capital) — Series D
- Lead Edge Capital (https://capitalatlas.ai/funds/lead-edge-capital) — Series D
- Oxygen Capital (https://capitalatlas.ai/funds/oxygen-capital) — Series D
- ICONIQ Capital (https://capitalatlas.ai/funds/iconiq-capital) — Series E, Series F, Series G, Series I
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series H
- D1 Capital Partners (https://capitalatlas.ai/funds/d1-capital-partners) — Series I
- Argonautic Ventures (https://capitalatlas.ai/funds/argonautic-ventures) — Series I