Procore
6309 Carpinteria Avenue, Carpinteria, CA, 93013, United States
Overview
Procore is a software company that provides cloud-based construction management software. Procore's software platform is designed to streamline various aspects of construction project management and collaboration, from project planning and document management to financial tracking and communication among project stakeholders. Procore is widely used in the construction industry to improve project efficiency, reduce errors, and enhance collaboration among project stakeholders. It is suitable for a wide range of construction projects, from small residential developments to large-scale commercial and infrastructure projects.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 8
Sector focus
- Construction
- Internet
- SaaS
- Software
Investment portfolio
- PermitFlow
Participated · Seed · May 2023
PermitFlow delivers an artificial-intelligence driven platform that automates permit applications, inspection scheduling, and license management for residential builders, commercial developers, home-service contractors, and renewable-energy firms. The software helps users cut project timelines by up to 60 percent, reduce administrative workload by 90 percent, and achieve a five-times return on investment. Led by CEO Francis Thumpasery and CTO Samuel Lam, the company is expanding its product suite with additional AI agents that address the full permitting and inspection lifecycle. PermitFlow’s modular approach allows builders to handle complex, multijurisdictional compliance requirements through a single interface. With fresh capital, the team plans to accelerate product development and scale hiring to meet nationwide demand. Although specific revenue figures were not disclosed, the operational metrics suggest strong adoption and efficiency gains for customers. The company is headquartered in New York City and is backed by a roster of top-tier venture firms.