|XDATA – December 30th 2015|
|Procore Technologies raised $50 million as part of a fully subscribed non-brokered equity offering. The subscription, which started almost two weeks ago, lured five investors. Two previous unregistered financing rounds raised an estimated $46.2 million.|
|Procore Technologies markets and develops a cloud-based construction management software application that enables construction professionals to collaborate on projects from any Internet-connected device, with access to all project documents, contracts, RFIs, submittals, schedules, and drawings via the cloud. The company is backed by Bessemer Venture Partners and ICONIQ Capital.|
|The company was registered in 2014 and has its headquarters located in Carpinteria CA. Procore Technologies elected to keep its revenues undisclosed.
The executive team includes Craig F Courtemanche, Robert B Reed and Steven C Zahm.
The board of directors includes Brian Feinstein and Kevin J O’Connor.
The company has raised an estimated total of $96.2 million via private unregistered security offerings.
Company: Procore Technologies
Industry: Other Technology
Amount offered: $50 million
Amount placed: $50 million
SEC filing: Source
First sale: 12-17-2015
Data as of: 12-29-2015