BuildingConnected

San Francisco, United States Founded: 2012 • Age: 14 yrs Acquired By Autodesk
Bid management in construction is enabled via an online platform.
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About BuildingConnected

BuildingConnected is a company based in San Francisco (United States) founded in 2012 was acquired by Autodesk in December 2018. It operates as a SaaS (Software-as-a-Service). BuildingConnected has raised $45.84 million across 5 funding rounds from investors including Autodesk, Lightspeed Venture Partners and Brookfield Asset Management. The company has 179 employees as of December 31, 2022. BuildingConnected has completed 1 acquisition, including TradeTapp. BuildingConnected offers products and services including BuildingConnected Pro, TradeTapp, and Bid Board Pro. BuildingConnected operates in a competitive market with competitors including ConstructConnect, PlanHub, Obat, Altura and Basis, among others.

  • Headquarter San Francisco, United States
  • Employees 179 as on 31 Dec, 2022
  • Sectors
    Real Estate & Construction
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Buildingconnected
Operational Areas
Real Estate & Construction → Property Technology (PropTech)
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $45.84 M (USD)

    in 5 rounds

  • Latest Funding Round
    $344.93 K (USD), Series B

    Jun 29, 2018

  • Investors
    Autodesk

    & 7 more

  • Employee Count
    179

    as on Dec 31, 2022

  • Investments & Acquisitions
  • Acquired by
    Autodesk

    (Dec 20, 2018)

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Products & Services of BuildingConnected

BuildingConnected offers a comprehensive portfolio of products and services, including BuildingConnected Pro, TradeTapp, and Bid Board Pro. 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.

Primary

Bid management is streamlined for general contractors effectively.

Risks are mitigated through automated subcontractor qualification analysis.

Bid tracking is centralized for subcontractors in real-time.

People of BuildingConnected
Headcount 50-200
Employee Profiles 5
Employee Profiles
People
Dustin DeVan
Co-Founder & CEO
People
Jesse Pedersen
Co-Founder & CTO
People
Dan Chamberlain
Marketing Engineer
People
Danielle DeLong
Business Development Manager

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Funding Insights of BuildingConnected

BuildingConnected has successfully raised a total of $45.84M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $344.93 thousand completed in June 2018. 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 Rounds 5
  • Last Round Series B — $344,930
  • First Round
  • Investors Count 7
Date Amount Transaction Name Valuation Lead Investors Investors
Jun, 2018 Amount Series B - BuildingConnected Valuation

investors

Apr, 2018 Amount Series B - BuildingConnected Valuation Brookfield Asset Management
Sep, 2017 Amount Series B - BuildingConnected Valuation Lightspeed Venture Partners
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in BuildingConnected

BuildingConnected has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Autodesk, Lightspeed Venture Partners and Brookfield Asset Management. 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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Focus is placed on real estate and renewable energy investments.
Founded Year Domain Location
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
Founded Year Domain Location
Venture capital is invested in various sectors by Crosslink Capital.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by BuildingConnected

BuildingConnected has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include TradeTapp. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
Cloud-based prequalification software for pre-construction contractors is offered.
2015
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - BuildingConnected

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Buildingconnected Comparisons

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Competitors of BuildingConnected

BuildingConnected 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 ConstructConnect, PlanHub, Obat, Altura and Basis, 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
domain founded_year HQ Location
A network and bidding platform for construction professionals is operated.
domain founded_year HQ Location
Cloud-based software for construction bidding and estimation is utilized.
domain founded_year HQ Location
Personalized quotes and invoices for construction are generated online.
domain founded_year HQ Location
End-to-end bid management is streamlined and automated by AI.
domain founded_year HQ Location
Online platform offering financial services for women
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Buildingconnected

Frequently Asked Questions about BuildingConnected

When was BuildingConnected founded?

BuildingConnected was founded in 2012.

Where is BuildingConnected located?

BuildingConnected is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.

Is BuildingConnected a funded company?

BuildingConnected is a funded company, having raised a total of $45.84M across 5 funding rounds to date. The company's 1st funding round was a Series B of $22M, raised on Dec 27, 2012.

How many employees does BuildingConnected have?

As of Dec 31, 2022, the latest employee count at BuildingConnected is 179.

What does BuildingConnected do?

BuildingConnected is established as a leading provider of preconstruction software solutions within the construction industry. The company is focused on connecting owners, general contractors, and subcontractors through a real-time network. Various tools are offered, including bid management, risk mitigation, and opportunity tracking. Solutions such as BuildingConnected Pro, TradeTapp, and Bid Board Pro are provided to streamline processes and enhance collaboration. The platform is utilized across North America to improve efficiency in the construction sector.

Who are the top competitors of BuildingConnected?

BuildingConnected's top competitors include ConstructConnect, PlanHub and Altura.

What products or services does BuildingConnected offer?

BuildingConnected offers BuildingConnected Pro, TradeTapp, and Bid Board Pro.

How many acquisitions has BuildingConnected made?

BuildingConnected has made 1 acquisition, including TradeTapp.

Who are BuildingConnected's investors?

BuildingConnected has 8 investors. Key investors include Autodesk, Lightspeed Venture Partners, Brookfield Asset Management, Crosslink Capital, and Homebrew.

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