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 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
-
Sectors
Real Estate & Construction
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Truebuilt Software, Inc
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$4 M (USD)
in 1 rounds
-
Latest Funding Round
$4 M (USD), Seed
May 31, 2023
-
Investors
Fifth Wall
& 2 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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. 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.
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.
Unlock access to complete
Unlock access to complete
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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $4.0M
-
First Round
First Round
(31 May 2023)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Seed - TrueBuilt | Valuation | Bienville Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
|
Investments are made in early-stage tech startups by Fifth Wall.
|
Founded Year | Domain | Location | |
|
Diversified investment management services are offered by Bienville Capital.
|
Founded Year | Domain | Location | |
|
Rock am Ring is organized as a major music festival.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by TrueBuilt
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - TrueBuilt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Truebuilt Comparisons
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. 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 |
SaaS project management software is provided for construction professionals.
|
|
| domain | founded_year | HQ Location |
Provider of management solutions for the construction sector
|
|
| domain | founded_year | HQ Location |
Hover is recognized for providing construction and renovation software solutions.
|
|
| domain | founded_year | HQ Location |
SaaS-based project management solutions are delivered for construction.
|
|
| domain | founded_year | HQ Location |
SaaS documentation management solutions for construction are provided.
|
|
| domain | founded_year | HQ Location |
Collaboration and scheduling software is provided for home construction.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Truebuilt
Frequently Asked Questions about TrueBuilt
When was TrueBuilt founded?
TrueBuilt was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is TrueBuilt located?
TrueBuilt is headquartered in Huntington Beach, United States. It is registered at Huntington Beach, California, United States.
Who is the current CEO of TrueBuilt?
Jon Sibley is the current CEO of TrueBuilt. They have also founded this company.
Is TrueBuilt a funded company?
TrueBuilt is a funded company, having raised a total of $4M across 1 funding round to date. The company's 1st funding round was a Seed of $4M, raised on May 31, 2023.
What does TrueBuilt do?
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.
Who are the top competitors of TrueBuilt?
TrueBuilt's top competitors include Procore, Hover and Nemetschek Group.
What products or services does TrueBuilt offer?
TrueBuilt offers Takeoff Estimation, AI Assistant, Bid Management, Qualification and Risk Management, and Collaboration.
Who are TrueBuilt's investors?
TrueBuilt has 3 investors. Key investors include Fifth Wall, Bienville Capital, and Rock am Ring.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.