BuildVision, a Charleston, SC-based commercial construction procurement platform, has secured $10 million in Series A funding.
Investors
The round was led by Norwest Venture Partners, with participation from existing investor Crosslink Capital. This round brings BuildVision’s total funding raised to $13.8 million.
Norwest Venture Partners is a global venture and growth equity investment firm managing over $15.5 billion in capital. The firm invests in early- to late-stage businesses across key sectors, with a focus on enterprise, consumer, and healthcare. Norwest has offices in Menlo Park and San Francisco, Calif.; Mumbai, India; and Tel Aviv, Israel.
BuildVision Use of Funds
The company plans to use the funding to enhance its cloud-native procurement platform, drive AI-powered automation, expand market adoption, and strengthen supplier and OEM partnerships.
About BuildVision
Founded in 2023 by CEO Mike Powers, BuildVision is a cloud-based platform designed to streamline the procurement process in the commercial construction industry. It offers contractors a single solution for data-driven sourcing, purchasing, and financing of strategic equipment. Its platform automates repetitive tasks such as Request for Quote (RFQ) generation and management, provides real-time updates on procurement progress, and offers data-driven insights to enhance profitability and mitigate risks. BuildVision eliminates inefficiencies by connecting contractors directly with manufacturers and suppliers on a single, cloud-native platform.
Funding Details
Company: BuildVision, Inc.
Raised: $10.0M
Round: Series A
Funding Date: March 2025
Lead Investor: Norwest Venture Partners
Additional Investors: Crosslink Capital
Company Website: https://www.buildvision.io/
Software Category: Construction Procurement Software
Source: https://www.prnewswire.com/news-releases/buildvision-secures-10-million-series-a-to-transform-commercial-construction-procurement-302412646.html