About ToolBelt
ToolBelt is a Real Estate & Construction company based in Vancouver (United States) founded in 2019. SaaS software connects construction tradespeople with builders and subcontractors. It operates in the Real Estate & Construction and Technology sectors. ToolBelt has raised $10.74 million across 6 funding rounds from investors including Saint-Gobain, Elevate Capital and Cascade Seed Fund. ToolBelt offers products and services including Job Posting Service, Labor Profiles, and Matching Algorithm. Its focus areas include Real Estate and Construction Tech, Construction Tech, Marketplaces and Professionals. Its legal entity is TOOLBELT, INC. Its competitors include Instawork, Wonolo and Traba; 3 of its 3 listed competitors have raised funding.
Company details
ToolBelt was founded in 2019 in Vancouver, United States, as a SaaS platform in the construction sector. Builders and remodelers are linked with subcontractors and skilled tradespeople through its services. Project listings are facilitated, along with scouting for project-ready talent and sharing of digital documents like bids, proposals, and quotes. Operations include a mobile app available on Android and iOS devices.
- Total Equity Funding$10.74M (USD)
in 6 rounds
- Latest Funding Round$3.2M (USD), Seed
Dec 2023
- InvestorsSaint-Gobain
& 2 more
Products & Services of ToolBelt
ToolBelt offers a comprehensive portfolio of products and services, including Job Posting Service, Labor Profiles, and Matching Algorithm.
Service for posting construction projects and attracting labor
Feature to view detailed profiles of skilled tradespeople
Tool that connects users with suitable labor based on project needs
Apps and channels of ToolBelt
ToolBelt publishes 2 mobile apps with over 50K+ downloads.
Funding Insights of ToolBelt
ToolBelt has successfully raised a total of $10.74M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $3.2 million completed in December 2023. 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 $10.74M
- Total Rounds 6
- Last Round Seed — $3.2M
- First Round $62,500
(Jun 2019)
- Investors Count 3
All 6 funding rounds of ToolBelt 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 |
|---|---|---|---|---|---|
| Dec 2023 | $3.2M | Seed | – | – | – |
| May 2023 | $4.27M | Seed | – | – | – |
| Sep 2022 | $160,000 | Seed | – | – | – |
| May 2021 | $2.5M | Seed | – | Elevate Capital, Cascade Seed Fund | – |
| May 2020 | $549,997 | Seed | – | – | – |
| Jun 2019 | $62,500 | Seed | – | – | – |
3 investors in total: 3 institutional.
Investors in ToolBelt
ToolBelt has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Saint-Gobain, Elevate Capital and Cascade Seed Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on underserved entrepreneurs is provided. | elevate.vc | Hillsboro, United States | ||
Early-stage software companies are funded by Cascade Seed Fund. | 2014 | cascadeseedfund.com | Bend, United States | |
Construction products and innovative materials are manufactured by Saint-Gobain. | 1665 | saint-gobain.com | Paris, France |
Investor details for ToolBelt
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of ToolBelt
8 people are tracked at ToolBelt (8 in leadership).
| Name | Role | Group |
|---|---|---|
mark burger | Vice President Of Strategic Partnerships | Leadership |
Joshua Engelbrecht | CEO | Leadership |
Ross Barbieri | Founder, CTO | Leadership |
Conrad E. | Director Of Operations | Leadership |
Derrick Broekemier | Head Of Customer Success | Leadership |
Zach Bidle | COO | Leadership |
Craig Cone | Vice President Of Engineering | Leadership |
Kelsey Chappelle | Director of Customer Success | Leadership |
Complete people profiles for ToolBelt
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of ToolBelt
3 dated milestones of ToolBelt across 4 years, from founding to its latest funding, stage changes and deals.
- Founded ToolBelt is founded.
- Funding First funding round of $62K.
- Funding Latest funding round, Seed, of $3.2M.
Competitors of ToolBelt
ToolBelt has 3 listed competitors in our database, 3 of them funded. They include Instawork, Wonolo and Traba.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| instawork.com | 2015 | San Francisco, United States | $148.12M | 420 | Cloud-based on-demand staffing platform for multi-industry | |
| wonolo.com | 2013 | San Francisco, United States | $192.93M | 176 | On-demand staffing platform is operated for job matching and shifts. | |
| traba.work | 2021 | Miami, United States | $45.61M | Online platform for contract workforce recruitment |
Detailed competitors of ToolBelt
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of ToolBelt
The website of ToolBelt (toolbelt.work) receives about 5.2K visits a month.
- Monthly visits5.2K
▼ 5.9% vs previous month
Top companies in Construction & Building Tech
3 companies that operate in the same segment as ToolBelt (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 Toolbelt
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Frequently Asked Questions about ToolBelt
ToolBelt was founded in 2019.
ToolBelt is headquartered in Vancouver, United States. It is registered at Vancouver, Washington, United States.
ToolBelt is a funded company, having raised a total of $10.74M across 6 funding rounds to date. The company's 1st funding round was a Seed of $62.5K, raised on Jun 2019.
ToolBelt was founded in 2019 in Vancouver, United States, as a SaaS platform in the construction sector. Builders and remodelers are linked with subcontractors and skilled tradespeople through its services. Project listings are facilitated, along with scouting for project-ready talent and sharing of digital documents like bids, proposals, and quotes. Operations include a mobile app available on Android and iOS devices.
ToolBelt offers Job Posting Service, Labor Profiles, and Matching Algorithm.
ToolBelt has 3 investors. Key investors include Saint-Gobain, Elevate Capital, and Cascade Seed Fund.
ToolBelt operates through Toolbelt, Inc..
Yes. ToolBelt publishes ToolBelt: Find Labor Find Work and 1 more app, with over 50,000 downloads.