About TrueBuilt
TrueBuilt is a company based in Huntington Beach (United States) founded in 2022 by Julian Prokay and Jon Sibley. TrueBuilt has raised $4 million across 1 funding round from investors including Fifth Wall, Bienville Capital and Rock am Ring. TrueBuilt has completed 1 acquisition, including Capabuild. TrueBuilt offers products and services including Takeoff Estimation, AI Assistant, Bid Management, Qualification and Risk Management, and Collaboration. TrueBuilt operates in a competitive market with competitors including Procore, Nemetschek Group, Hover, Viewpoint and PlanRadar, among others.
- Headquarter Huntington Beach, United States
- Founders Julian Prokay, Jon Sibley
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Sectors
Real Estate & Construction
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Email
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Phone
Locked
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Website
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Social
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- Legal Name Truebuilt Software, Inc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$4 M (USD)
in 1 rounds
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Latest Funding Round
$4 M (USD), Seed
May 31, 2023
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Investors
Fifth Wall
& 2 more
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Employee Count
Not available
- Investments & Acquisitions
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Products & Services of TrueBuilt
TrueBuilt offers a comprehensive portfolio of products and services, including Takeoff Estimation, AI Assistant, Bid Management, Qualification and Risk Management, and Collaboration.
AI-powered software for accurate construction takeoffs and estimates.
Provides intelligent recommendations for pre-construction tasks.
Handles bidding processes to streamline construction projects.
Assists in assessing and managing risks in pre-construction phases.
Facilitates seamless interactions among project stakeholders.
People of TrueBuilt
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Funding Insights of TrueBuilt
TrueBuilt has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Seed round of $4 million completed in May 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.
Investors in TrueBuilt
TrueBuilt has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Fifth Wall, Bienville Capital and Rock am Ring.
| Investor | Description | Founded Year | Domain | Location |
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Investments are made in early-stage tech startups by Fifth Wall.
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Diversified investment management services are offered by Bienville Capital.
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Rock am Ring is organized as a major music festival.
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Investor details for TrueBuilt
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Investments & Acquisitions by TrueBuilt
TrueBuilt has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Capabuild.
Investment portfolio details for TrueBuilt
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Project management solutions are provided for the construction sector.
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Complete acquisition details for TrueBuilt
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Financial Statements - TrueBuilt
Detailed financials for TrueBuilt
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Truebuilt Comparisons
Peer comparison for TrueBuilt
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Competitors of TrueBuilt
TrueBuilt 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 Procore, Nemetschek Group, Hover, Viewpoint and PlanRadar, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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SaaS project management software is provided for construction professionals.
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Provider of management solutions for the construction sector
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Hover is recognized for providing construction and renovation software solutions.
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SaaS-based project management solutions are delivered for construction.
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SaaS documentation management solutions for construction are provided.
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Collaboration and scheduling software is provided for home construction.
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Detailed competitors of TrueBuilt
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Latest news on Truebuilt
Complete news archive for TrueBuilt
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Frequently Asked Questions about TrueBuilt
TrueBuilt was founded in 2022 and raised its 1st funding round 1 year after it was founded.
TrueBuilt is headquartered in Huntington Beach, United States. It is registered at Huntington Beach, California, United States.
Jon Sibley is the current CEO of TrueBuilt. They have also founded this company.
TrueBuilt is a funded company, having raised a total of $4M across 1 funding round to date.
TrueBuilt was founded in 2022 and is headquartered in Huntington Beach, United States. Pre-construction software is created for the construction sector, with solutions tailored to general contractors and subcontractors. Estimation tools, bid levelling features, risk management systems, and workflow management capabilities are included. Operations focus on streamlining pre-construction processes across the industry.
TrueBuilt's top competitors include Procore, Hover and Nemetschek Group.
TrueBuilt offers Takeoff Estimation, AI Assistant, Bid Management, Qualification and Risk Management, and Collaboration.
TrueBuilt has made 1 acquisition, including Capabuild.
TrueBuilt has 3 investors. Key investors include Fifth Wall, Bienville Capital, and Rock am Ring.