About Flashtract
Flashtract is a company based in Auburn (United States) founded in 2017 by Ben Conry and Blair Chenault was acquired by Trimble in May 2024.. Flashtract has raised $16.26 million across 2 funding rounds from investors including Trimble, Shine Capital and Addition. Flashtract offers products and services including Invoice Management, Payment Management, Unconditional Waiver Vault, and Integrations. Flashtract operates in a competitive market with competitors including Built, Levelset, Briq, Flex and Foundation Software, among others.
- Headquarter Auburn, United States
- Founders Ben Conry, Blair Chenault
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Sectors
Real Estate & Construction
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Email
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Phone
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Website
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Social
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Products & Services of Flashtract
Flashtract offers a comprehensive portfolio of products and services, including Invoice Management, Payment Management, Unconditional Waiver Vault, and Integrations. 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.
Automates invoice processing to reduce errors and over-billing.
Manages payments and waivers securely in one platform.
Handles lien waivers and document storage for projects.
Connects with tools like Procore for seamless data flow.
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Software Development Team
2 people
Customer Team
2 people
Co Team
1 people
Lead Team
1 people
Frontend Team
1 people
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Funding Insights of Flashtract
Flashtract has successfully raised a total of $16.26M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in January 2022. 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 — $15.0M
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First Round
First Round
(07 May 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2022 | Amount | Series A - Flashtract | Valuation | Shine Capital , Addition |
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| May, 2020 | Amount | Seed - Flashtract | Valuation |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Flashtract
Flashtract has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Trimble, Shine Capital and Addition. 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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Early-stage venture capital investments are made by Shine Capital.
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Investments are made in early and growth-stage technology startups.
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Cloud-based positioning solutions are offered for industrial sectors.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Flashtract
| 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Flashtract
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Flashtract Comparisons
Competitors of Flashtract
Flashtract 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 Built, Levelset, Briq, Flex and Foundation Software, 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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Cloud-based management of construction loan life cycles is provided.
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Levelset is focused on construction payment and lien rights management.
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Briq is recognized for developing autonomous work platforms.
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| domain | founded_year | HQ Location |
Digital banking services for businesses are offered by Flex.
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Construction accounting software is offered on-premise and in the cloud.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Flashtract
Frequently Asked Questions about Flashtract
When was Flashtract founded?
Flashtract was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Flashtract located?
Flashtract is headquartered in Auburn, United States. It is registered at Auburn, Alabama, United States.
Who is the current CEO of Flashtract?
Blair Chenault is the current CEO of Flashtract. They have also founded this company.
Is Flashtract a funded company?
Flashtract is a funded company, having raised a total of $16.26M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.26M, raised on May 07, 2020.
What does Flashtract do?
Flashtract was founded in 2017 and is headquartered in Auburn, United States. Software for online billing automation in the construction sector is offered, with capabilities including document management, automated reminders and payments, scheduling tools, digital e-signatures, and project reporting. These functions are designed to support billing workflows and project oversight in construction operations.
Who are the top competitors of Flashtract?
Flashtract's top competitors include Foundation Software, Built and Levelset.
What products or services does Flashtract offer?
Flashtract offers Invoice Management, Payment Management, Unconditional Waiver Vault, and Integrations.
Who are Flashtract's investors?
Flashtract has 3 investors. Key investors include Trimble, Shine Capital, and Addition.
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