BuildOps, a Los Angeles, CA-based all-in-one management software designed for modern commercial contractors, announced that it secured an additional $50 million in funding, bringing its total amount of raised funds to over $100 million.
The funding round was led by Fika Ventures and 01 Advisors, a venture capital firm supported by former Twitter CEO Dick Costolo, who has also joined BuildOps' board.
With this new investment, BuildOps aims to fuel its rapid growth and solidify its position as a market leader, revolutionizing the world of commercial specialty contractors.
BuildOps provides a purpose-built technology platform that combines scheduling, dispatching, inventory management, contracts, workflow, purchasing, and invoicing into a comprehensive software suite. The platform caters to commercial contractors of all sizes, from small teams to large organizations with thousands of employees.
By integrating various management functions into a single software suite, BuildOps enables commercial contractors to optimize their operations, reducing redundancies and enhancing productivity.
"At BuildOps, we are on a mission to deliver a true all-in-one solution built on the latest technology to the people who keep our schools, hospitals, and communities running," said Alok Chanani, BuildOps co-founder and CEO. "We are privileged to work closely with some of the country's top commercial contractors."
Company: BuildOps, Inc.
Raised: $50.0M
Round: Unknown
Funding Month: May 2023
Lead Investors: Fika Ventures and 01 Advisors
Additional Investors:
Company Website: https://buildops.com/
Software Category: Management Software
About the Company: Founded in 2018 by Neeraj Mittal, Steve Chew, and Alok Chanani, BuildOps is a fast-paced, high-growth technology company that provides all-in-one management software built specifically for the modern commercial specialty contractor. Focusing on trade contractors, BuildOps combines service, project management, and more into a single SaaS platform. BuildOps enables subcontractors to run their entire business on one software solution that manages their invoicing and billing, scheduling, estimates, proposals, payments, workflows, custom forms, financial reporting, and more. BuildOps is on a mission to bring a true all-in-one solution with the best technology to the people who keep America’s hospitals, power plants, and commercial real estate running.
Source: https://www.prnewswire.com/news-releases/buildops-raises-50-million-to-revolutionize-commercial-contracting-301828846.html