About BuildFax
BuildFax is a company based in Asheville (United States) founded in 2008 was acquired by Verisk in October 2019.. BuildFax has raised $13 million across 2 funding rounds from investors including Verisk and EDR. The company has 31 employees as of December 31, 2019. BuildFax offers products and services including Property Intelligence Solutions, BuildFax Condition Score, and Major Systems Maintenance Data. BuildFax operates in a competitive market with competitors including Procore, Nemetschek Group, Hover, Viewpoint and PlanRadar, among others.
- Headquarter Asheville, United States
- Employees 31 as on 31 Dec, 2019
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Sectors
Real Estate & ConstructionTechnology
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Phone
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Website
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Social
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- Legal Name Buildfax, Inc.
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Products & Services of BuildFax
BuildFax offers a comprehensive portfolio of products and services, including Property Intelligence Solutions, BuildFax Condition Score, and Major Systems Maintenance Data. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides property data for risk evaluation and management decisions
Delivers scoring on property conditions for maintenance insights
Offers details on plumbing and electrical systems for risk tracking
Funding Insights of BuildFax
BuildFax has successfully raised a total of $13M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in June 2011. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $4.0M
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First Round
First Round
(01 Apr 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2011 | Amount | Series A - BuildFax | Valuation |
investors |
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| Apr, 2009 | Amount | Series A - BuildFax | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BuildFax
BuildFax has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Verisk and EDR. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provider of data, workflow and insights for the property due diligence
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Founded Year | Domain | Location | |
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Insurance data insight and risk analytics solutions for the insurance industry
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BuildFax
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BuildFax
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Buildfax Comparisons
Competitors of BuildFax
BuildFax operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Procore, Nemetschek Group, Hover, Viewpoint and PlanRadar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
SaaS project management software is provided for construction professionals.
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| domain | founded_year | HQ Location |
Provider of management solutions for the construction sector
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| domain | founded_year | HQ Location |
Hover is recognized for providing construction and renovation software solutions.
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| domain | founded_year | HQ Location |
SaaS-based project management solutions are delivered for construction.
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| domain | founded_year | HQ Location |
SaaS documentation management solutions for construction are provided.
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| domain | founded_year | HQ Location |
Collaboration and scheduling software is provided for home construction.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Buildfax
Frequently Asked Questions about BuildFax
When was BuildFax founded?
BuildFax was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is BuildFax located?
BuildFax is headquartered in Asheville, United States. It is registered at Asheville, North Carolina, United States.
Is BuildFax a funded company?
BuildFax is a funded company, having raised a total of $13M across 2 funding rounds to date. The company's 1st funding round was a Series A of $9M, raised on Apr 01, 2009.
How many employees does BuildFax have?
As of Dec 31, 2019, the latest employee count at BuildFax is 31.
What does BuildFax do?
BuildFax was established in 2008 in Asheville, United States, as a provider of a national database containing historical building permit records. Data on new construction, system repairs, additions, renovations, roofs, pools, and demolitions is gathered, along with contractor details. Coverage extends to over 60 percent of U.S. commercial and residential structures, encompassing 6 billion data points. Services are utilized by sectors including insurance, financial services, inspections, appraisals, and real estate.
Who are the top competitors of BuildFax?
BuildFax's top competitors include Procore, Hover and Nemetschek Group.
What products or services does BuildFax offer?
BuildFax offers Property Intelligence Solutions, BuildFax Condition Score, and Major Systems Maintenance Data.