Procore has raised $405M through multiple late-stage rounds, including Series G, H, and I. Founded in 2003 by Tooey Courtemanche, the Carpinteria–based company provides a cloud construction management platform centralizing project management, field productivity, document control, and financial workflows. Funding supported platform enhancements in scheduling, budgeting, mobility, and accounting integrations. Procore helps contractors reduce rework, accelerate delivery, and gain real-time site visibility. Key investors include Iconiq Capital, Bessemer Venture Partners, and Tiger Global Management.
Keep reading to see how Procore streamlines construction operations.
What Is Procore and What Does It Do?
Procore, founded in 2003 by Tooey Courtemanche, is a Carpinteria–based (United States) construction SaaS company. Procore employs ~3,164 people.
The company provides tools for project management, document control, field productivity, scheduling, and accounting. Procore connects teams across preconstruction, procurement, field operations, and project accounting, enabling faster project delivery, reduced change orders, and centralized compliance and reporting.
How Much Funding Has Procore Raised?
1. Series I
- Amount Raised: $150M
- Date: Apr 30, 2020
- Lead Investors: Growth and strategic backers
- Purpose: Product scaling and enterprise sales expansion
2. Series H
- Amount Raised: $75M
- Date: Dec 13, 2018
- Lead Investors: Tiger Global Management, Bessemer
- Purpose: Accelerate market penetration and international growth
3. Series G
- Amount Raised: $50M
- Date: Dec 08, 2016
- Lead Investors: Iconiq Capital
- Purpose: Invest in platform capabilities and integrations
Total Funding Raised: $405M
Latest Funding Date: Apr 2020
Current Valuation: Public; varies with market
Key Investors
- Iconiq Capital
- Details: Single-family/venture hybrid investing in late-stage growth companies
- Focus Areas: Enterprise SaaS, cloud, fintech
- Notable Investments: Snowflake, Airbnb, Databricks, Zoom, Procore
- Bessemer Venture Partners
- Details: Longstanding VC with deep enterprise software experience
- Focus Areas: Cloud, infrastructure, dev tools
- Notable Investments: Pinterest, Twilio, Shopify, LinkedIn, Procore
- Tiger Global Management
- Details: Growth investor with global tech exposure
- Focus Areas: Marketplaces, SaaS, consumer internet
- Notable Investments: Spotify, JD.com, ByteDance, Coinbase, Procore
- NEA / Other strategic backers
- Details: Institutional players supporting enterprise scaling
- Notable Investments: Coursera, MuleSoft, Tableau
Where Is Procore’s Headquarters?
Procore is headquartered in Carpinteria, California, United States, near key West Coast construction and infrastructure clients.
What’s Next for Procore?
Procore will expand globally, deepen ERP and accounting integrations, and invest in analytics and automation to reduce labor inefficiencies and project cost overruns.
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