Procore Technologies Garners $50,000,000 New Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1c68f602-e2ff-428e-9dc2-be2411816804
Date
12/12/2016
Company Name
Procore Technologies
Mailing Address
6309 Carpinteria Ave. Carpinteria, CA 93013 USA
Company Description
Procore was founded in 2002 and provides contractors with software and services thatimprove the efficiency of construction projects. Procore’s web-based softwarecoordinates the project management activities of contractors, architects, and otherproject team members.
Website
http://www.pro-core.com
Transaction Type
Venture Equity
Transaction Amount
$50,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The funding will be used to accelerate R&D investments, allowing Procore to expand its current product offering beyond its core project management suite.
M&A Terms
Venture Investor
ICONIQ Capital
Venture Investor
Undisclosed