About Groundworks
Groundworks is a company based in Virginia Beach (United States) founded in 2016.. Groundworks has completed 11 acquisitions, including Basement Systems Calgary, Bay Area Underpinning and Bedlam Foundation & Concrete Lifting. Groundworks operates in a competitive market with competitors including BELFOR, ServiceMaster Restore, FIRST ONSITE, Watterson and Aspen Exteriors, among others.
- Headquarter Virginia Beach, United States
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Sectors
Business Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
KKR
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Basement Systems Calgary
& 10 more
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Funding Insights of Groundworks
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2023 | Amount | Unspecified - Groundworks | Valuation |
investors |
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| Jan, 2020 | Amount | Seed - Groundworks | Valuation |
investors |
| 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 |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Groundworks
Groundworks has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include KKR and Cortec Group. 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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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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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 Groundworks
Groundworks has strategically engaged in corporate development activities, having acquired 11 companies. Notable acquisitions include Basement Systems Calgary, Bay Area Underpinning and Bedlam Foundation & Concrete Lifting. 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.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Concrete leveling and repair services are provided in Alberta regions.
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2015 | ||||
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Provider of eco-friendly soil stabilization solutions using proprietary chemical injection technology
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2013 | ||||
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Provider of foundation repair and waterproofing solutions with cutting edge technology for stabilizing foundations
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Groundworks
| 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 |
Groundworks Comparisons
Competitors of Groundworks
Groundworks 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 BELFOR, ServiceMaster Restore, FIRST ONSITE, Watterson and Aspen Exteriors, 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 |
Provider of property recovery and consulting services
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| domain | founded_year | HQ Location |
Commercial and residential restoration services are provided by the company.
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| domain | founded_year | HQ Location |
Residential and commercial property restoration services are provided.
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| domain | founded_year | HQ Location |
Commercial facility services are provided nationwide by Watterson.
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| domain | founded_year | HQ Location |
Roofing installation and storm damage restoration services are offered.
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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 Groundworks
Frequently Asked Questions about Groundworks
When was Groundworks founded?
Groundworks was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is Groundworks located?
Groundworks is headquartered in Virginia Beach, United States. It is registered at Virginia Beach, Virginia, United States.
What does Groundworks do?
Groundworks was established in 2016 and is headquartered in Virginia Beach, United States. Operations focus on the construction repair sector, where foundation stabilization, basement waterproofing, crawl space encapsulation, and concrete lifting services are delivered. These activities address structural issues in residential and commercial properties across various regions. Expertise is applied through a network of contractors to ensure durability and compliance with building standards.
Who are the top competitors of Groundworks?
Groundworks's top competitors include ServiceMaster Restore, FIRST ONSITE and BELFOR.
How many acquisitions has Groundworks made?
Groundworks has made 11 acquisitions, including Basement Systems Calgary, Bay Area Underpinning, and Bedlam Foundation & Concrete Lifting.
Who are Groundworks's investors?
Groundworks has 2 investors. Key investors include KKR, and Cortec Group.