# Punchlist Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/punchlist-labs

- Industry: Software
- Headquarters: Decatur, US
- Website: www.punchlist.com
- Total disclosed funding: $6.1M
- Latest round: Seed (Nov 19, 2021)
- Investors on record: 7

## About

Punchlist Labs, Inc is a digital platform that enhances project management for property owners and contractors in the real estate and construction sectors, focusing on efficient task tracking and completion.Founded in 2018 in Decatur, US, Punchlist Labs, Inc specializes in a platform that simplifies the creation and management of punch lists. The company has engaged in 4 deals, with the most recent funding round being a Seed round, raising USD 2.1 mn from investors including Meritech Capital Partners and Overline VC. The company's CEO is Kyle Zink, who is also a co-founder along with Andy Vella.Punchlist offers a comprehensive suite of solutions designed to address the needs of both property owners and contractors in the real estate and construction sectors. Their core product is a digital platform that streamlines the process of creating and managing punch lists, which are essential for tracking outstanding tasks and ensuring project completion. The platform allows users to efficiently document, assign, and prioritize tasks, significantly reducing the time and effort involved in traditional methods. Punchlist primarily serves general contractors, subcontractors, and property managers in urban markets across the United States, focusing on regions with high construction activity such as California, New York, and Texas. By integrating user-friendly technology with industry best practices, Punchlist aims to improve operational efficiency and enhance communication among stakeholders in construction projects.Punchlist generates revenue through a subscription-based model, allowing clients to access their digital platform with various pricing tiers based on the features utilized. This structure facilitates a direct-to-consumer approach, enabling property management firms and contractors to efficiently manage their projects without the burden of upfront costs associated with traditional tools. Customers typically engage in annual or monthly subscriptions, which may include access to additional features like advanced reporting and analytics. The company's flagship offering enhances the user experience by providing tailored solutions that meet the specific needs of the construction industry. Through these structured transactions, Punchlist establishes long-term partnerships with its clientele, creating recurring revenue streams that contribute to its overall financial stability.In November 2023, Punchlist Labs, Inc was acquired by Marketwake, enhancing its creative collaboration and feedback management tool. The recent acquisition is expected to support future growth strategies, particularly in expanding into new markets and enhancing product offerings. Plans to launch new features and products are in development, with specific focus on addressing emerging needs in the construction sector. The funding raised in the Seed round will be directed towards these initiatives, ensuring the company can effectively scale its operations and improve service delivery.

## Funding rounds

- Seed, Nov 19, 2021, $2.1M — Meritech Capital Partners, PJC, Overline
- Seed, Jan 21, 2020, $4M — Mayfield Fund, Ludlow Ventures, Bedrock, Bling Capital
- Seed, Feb 1, 2019 — Bling Capital

## Investors

- Bling Capital (https://capitalatlas.ai/funds/bling-capital) — Seed
- Mayfield Fund (https://capitalatlas.ai/funds/mayfield-fund) — Seed
- Ludlow Ventures (https://capitalatlas.ai/funds/ludlow-ventures) — Seed
- Bedrock (https://capitalatlas.ai/funds/bedrock) — Seed
- Meritech Capital Partners (https://capitalatlas.ai/funds/meritech-capital-partners) — Seed
- PJC (https://capitalatlas.ai/funds/pjc) — Seed
- Overline (https://capitalatlas.ai/funds/overline) — Seed