Clearstory provides a change order communication platform that digitizes and centralizes end-to-end change order workflows for owners, general contractors and specialty contractors. Launched in 2018 and headquartered in Walnut Creek, Calif., the network is used across sizes and trades and counts 13 of the 25 largest general contractors in North America as customers. Customers share over 19,000 change orders worth over $850 million every single month through Clearstory's platform. The product offers collaborative workflows, real-time visibility, integrations with Procore, Autodesk, Vista, CMIC, Sage and HCSS, and automation to reduce administrative burden. The company says its platform helps general contractors reduce risk and specialty contractors get change orders approved and paid more quickly. Clearstory plans to scale the platform further by investing in product development and hiring to drive growth and innovation. Clearstory (fka Extracker) is a San Francisco-based company that provides a change order communications tool for construction business processes. Its platform centralizes real-time change-order data so general contractors can prevent lost revenue, specialty contractors get paid faster, and teams make financial decisions from a single source. Clearstory integrates with ERPs, accounting software, project management and cloud storage solutions including Procore, CMiC, Viewpoint and Sage. The company has onboarded specialty contractors across trade verticals, including KONE Elevators, Cherry Coatings Painting, Performance Contracting Group, TrueTeam Insulation and Conco Concrete. The solution currently works with more than 40% of the ENR Top 25 General Contractors, and over $5 billion in change orders have been shared between commercial construction companies on the Clearstory network. Led by founder and CEO Cameron Page, Clearstory intends to use the newly raised funds to accelerate its growth trajectory. Extracker is a San Francisco provider of a construction industry change order communication platform. Its platform connects commercial construction companies outside their internal financial software to resolve change orders in real time and includes a collaborative cloud-based log. Product features include digital Time and Material Tags, standardized Change Order Templates, trackable Change Notifications and other tools to organize and streamline extra work. Led by CEO Cameron Page, the company says it creates financial transparency by reducing exposed risk and time spent tracking extra work. Customers named in the article include BrandSafway, Conco, Performance Contracting Group, Permasteelisa, NOVO and BuildGroup. Extracker raised $7M in a Series A and intends to use the funds to accelerate growth and expand operations.

Total raised

$29M

Funding rounds

3

Latest round

Series B

Latest activity

Jun 2024