About SmartBid
SmartBid is a company based in Bryan (United States) founded in 2006 was acquired by ConstructConnect in May 2018.. SmartBid offers products and services including SmartBid Software, Procore Integration, and Autodesk BIM 360 Integration. SmartBid operates in a competitive market with competitors including ConstructConnect, BuildingConnected, PlanHub, Obat and EstimateOne, among others.
- Headquarter Bryan, United States
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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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- Legal Name Constructconnect, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
ConstructConnect
(May 24, 2018)
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Products & Services of SmartBid
SmartBid offers a comprehensive portfolio of products and services, including SmartBid Software, Procore Integration, and Autodesk BIM 360 Integration. 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.
Platform for streamlining construction bidding and subcontractor communications
Tool for transitioning projects from bidding to building phases
Service for centralizing and syncing construction project files
Funding Insights of SmartBid
| 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 SmartBid
SmartBid has secured backing from 1 investor. Prominent investors backing the company include ConstructConnect. 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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A network and bidding platform for construction professionals is operated.
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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 SmartBid
| 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 - SmartBid
| 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 |
Smartbid Comparisons
Competitors of SmartBid
SmartBid 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, BuildingConnected, PlanHub, Obat and EstimateOne, 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.
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| domain | founded_year | HQ Location |
Bid management in construction is enabled via an online platform.
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| domain | founded_year | HQ Location |
Cloud-based software for construction bidding and estimation is utilized.
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| domain | founded_year | HQ Location |
Personalized quotes and invoices for construction are generated online.
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| domain | founded_year | HQ Location |
Tender management is provided for commercial construction projects.
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| domain | founded_year | HQ Location |
Online platform offering financial services for women
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about SmartBid
When was SmartBid founded?
SmartBid was founded in 2006.
Where is SmartBid located?
SmartBid is headquartered in Bryan, United States. It is registered at Bryan, Texas, United States.
What does SmartBid do?
SmartBid was founded in 2006 in Bryan, United States, and operates as a cloud-based platform in the construction sector. Services include project document sharing, subcontractor prequalification, data management, compliance monitoring, metrics reporting, and mobile applications for Android, iOS, and Windows. The platform supports general contractors and subcontractors, with users such as Batson-Cook Company, JE Dunn Construction Group, and Swinerton Builders.
Who are the top competitors of SmartBid?
SmartBid's top competitors include ConstructConnect, BuildingConnected and PlanHub.
What products or services does SmartBid offer?
SmartBid offers SmartBid Software, Procore Integration, and Autodesk BIM 360 Integration.
Who are SmartBid's investors?
SmartBid has 1 investor. Key investors include ConstructConnect.
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