Total amount raised
$98.8 Millions
Latest funding date
5/1/2023
Location
BuildOps has successfully raised significant funding across multiple rounds, attracting a diverse group of investors. The platform offers a comprehensive software solution tailored for modern commercial contractors.
Continue reading to delve into the details of BuildOps' funding journey and discover the key investors supporting this innovative platform.
What Is BuildOps?
BuildOps, founded in August 2018, is headquartered in Santa Monica, California. The company was established by Alok Chanani, Neeraj Mittal, and Steve Chew.
BuildOps offers a comprehensive software platform designed specifically for modern commercial contractors. The platform integrates various business operations, including invoicing, billing, scheduling, and financial reporting, to streamline processes and improve efficiency.
With a team of 101-250 employees, BuildOps continues to innovate and provide solutions that enhance productivity and profitability for commercial contractors.
How Much Funding Has BuildOps Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: November 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the initial development of the platform and validate the business model.
- Seed Round
- Amount Raised: $5.8M
- Date: November 2019
- Lead Investors: Fika Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A
- Amount Raised: $43M
- Date: May 2022
- Lead Investors: Next47
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Venture Round
- Amount Raised: $50M
- Date: May 2023
- Lead Investors: Fika Ventures, 01 Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further BuildOps' explosive growth and cement its position as the market leader.
Total Amount Raised: $98.8M
Current Valuation: Not publicly disclosed
Key Investors
- 01 Advisors
- Details: 01 Advisors is a venture capital firm founded by former Twitter executives Dick Costolo and Adam Bain. The firm focuses on leveraging their operational expertise to help companies scale.
- Investment Focus Areas: Technology, hyper-growth companies, transformative technologies
- Notable Investments: Not publicly disclosed
- Fika Ventures
- Details: Fika Ventures is a venture capital firm that invests in early-stage technology companies. They are known for their hands-on approach and deep industry connections.
- Investment Focus Areas: Early-stage technology, software, data-driven companies
- Notable Investments: Not publicly disclosed
- Next47
- Details: Next47 is a global venture capital firm backed by Siemens. They focus on investing in innovative technology companies that have the potential to disrupt industries.
- Investment Focus Areas: Industrial technology, software, energy
- Notable Investments: Not publicly disclosed
- Founders Fund
- Details: Founders Fund is a venture capital firm founded by Peter Thiel and other PayPal alumni. They are known for their bold investments in transformative companies.
- Investment Focus Areas: Technology, aerospace, healthcare
- Notable Investments: SpaceX, Palantir, Airbnb
- B Capital Group
- Details: B Capital Group is a venture capital firm that partners with Boston Consulting Group. They focus on scaling startups and providing strategic guidance.
- Investment Focus Areas: Enterprise software, fintech, healthcare
- Notable Investments: Not publicly disclosed
What's Next for BuildOps?
BuildOps stands at the cusp of a significant opportunity to revolutionize the $300 billion commercial contracting industry. With its all-in-one management software, the company aims to address industry-wide challenges like supply chain delays and skilled labor shortages, driving efficiencies and profitability for contractors of all sizes.
Future fundraising opportunities appear promising, with strong backing from high-profile investors and hints at a potential IPO. However, scaling operations to meet growing demand and maintaining high service quality amidst rapid growth could pose challenges. Competition from other technology providers also remains a potential hurdle as BuildOps continues its expansion.
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