About Flashtract
Flashtract is a Real Estate & Construction company based in Auburn (United States) founded in 2017 by Ben Conry and Blair Chenault, and was acquired by Trimble in May 2024. Billing automation software is provided for construction industry needs. Flashtract has raised $16.26 million across 2 funding rounds from investors including Trimble, Shine Capital and Addition. Its chief executive, as recorded, is Blair Chenault. Its website flashtract.com draws about 27 thousand monthly visits. Flashtract offers products and services including Invoice Management, Payment Management, Unconditional Waiver Vault, and Integrations. Its focus areas include Real Estate and Construction Tech, Construction Tech, Project Management and Capital Management. Its competitors include Built, Levelset and Briq; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Auburn, United States
- Founders Ben Conry, Blair Chenault
- Stage Acquired
- SectorsReal Estate & Construction
- Email••••••••
- Phone•••• ••••
- Website flashtract.com
- Social LinkedIn X Facebook
- Acquired by Trimble (May 2024)
Products & Services of Flashtract
Flashtract offers a comprehensive portfolio of products and services, including Invoice Management, Payment Management, Unconditional Waiver Vault, and Integrations.
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.
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 $16.26M
- Total Rounds 2
- Last Round Series A — $15M
- First Round $1.26M
(May 2020)
- Investors Count 2
All 2 funding rounds of Flashtract with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2022 | $15M | Series A | – | Shine Capital, Addition | – |
| May 2020 | $1.26M | Seed | – | – | – |
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments are made by Shine Capital. | shine.vc | New York, United States | ||
Investments are made in early and growth-stage technology startups. | addition.com | New York, United States | ||
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | trimble.com | Sunnyvale, United States |
Investor details for Flashtract
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People of Flashtract
8 people are tracked at Flashtract (3 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
Ben Conry | Co-Founder | Leadership |
Blair Chenault | Co-Founder & CEO | Leadership |
Greg Dotson | Head, Engineering | Leadership |
Jamie King | Engineering Manager | Team |
Anthony Collins | Lead Backend Engineer | Team |
Daniel Traynor | Customer Support Manager | Team |
Sandy Lazare | Customer Support | Team |
Taylor Osbourne | Frontend Engineer | Team |
Complete people profiles for Flashtract
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Timeline of Flashtract
4 dated milestones of Flashtract across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Flashtract is founded.
- Funding First funding round of $1.3M.
- Funding Latest funding round, Series A, of $15.0M.
- Exit Acquired by Trimble.
Competitors of Flashtract
Flashtract has 3 listed competitors in our database, 3 of them funded. They include Built, Levelset and Briq.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| getbuilt.com | 2014 | Nashville, United States | $288.6M | 141 | Cloud-based management of construction loan life cycles is provided. | |
| levelset.com | 2005 | New Orleans, United States | $48.44M | 138 | Levelset is focused on construction payment and lien rights management. | |
| briq.com | 2018 | Santa Barbara, United States | $54.03M | 39 | Briq is recognized for developing autonomous work platforms. |
Detailed competitors of Flashtract
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Web traffic of Flashtract
The website of Flashtract (flashtract.com) receives about 26.5K visits a month.
- Monthly visits26.5K
▼ 2.4% vs previous month
Top companies in Construction & Building Tech
3 companies that operate in the same segment as Flashtract (Construction & Building Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
SaaS project management software is provided for construction professionals. | 2003 | Carpinteria, California, United States | USD 406.15 M | USD 1.32 B | 4,927 | |
Business management software is offered for home service providers. | 2007 | Glendale, California, United States | USD 1.1 B | USD 960.97 M | 3,049 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | USD 3.59 B | 12,100 |
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Related news about Flashtract
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Frequently Asked Questions about Flashtract
Flashtract was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Flashtract is headquartered in Auburn, United States. It is registered at Auburn, Alabama, United States.
Blair Chenault is the CEO of Flashtract, as recorded in our data. They have also founded this 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 2020.
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.
Flashtract offers Invoice Management, Payment Management, Unconditional Waiver Vault, and Integrations.
Flashtract has 3 investors. Key investors include Trimble, Shine Capital, and Addition.
Yes. Flashtract was acquired by Trimble in May 2024.