Procore was founded in 2003 by tech entrepreneur Tooey Courtemanche. After beginning a career as a licensed contractor, Tooey transitioned into the technology industry in the San Francisco Bay Area, where he owned and operated a successful web applications development firm.
After moving from Silicon Valley to Santa Barbara, he was shocked by the inefficient paper-and-pencil process of managing the construction of his new home on the Central Coast. His dual experience in construction and technology allowed him to begin the development of the cloud-based software that is now Procore.
Procore helps construction professionals collaborate on construction projects from any Internet-connected device with access to all project documentation including contracts, RFIs, submittals, schedules and drawings via the cloud. Procore allows general contractors, construction management firms, architects, and engineers to edit and share data in the field, and provides facility owners with continuous visibility into project health across their project portfolio.
Procore’s growth has been driven by customer adoption of the company’s comprehensive suite of construction project management tools. Procore’s deep functionality, in combination with a simple, easy-to-use interface, is unique in the construction software industry. Spanning the project lifecycle from bid to close-out, Procore offers far more power than most “point solution” offerings in the industry. In addition, Procore can be accessed using any Internet-connected device, either via web browser or by using one of the Procore mobile apps that have been purpose-built for iOS, Android and Windows devices.
Procore headquarters are located on the bluffs in Carpinteria, California with satellite offices throughout the country. Over the past three years, the company has grown from around 100 employees to now over 500. Procore’s three-year revenue growth of more than 350% has also enabled the organization to be recognized as part of the Inc. 500/5000 list of the fastest growing companies in the nation.
Procore recently raised $50 million in growth funding from Bessemer Venture Partners, the same Silicon Valley investors that have backed Yelp, LinkedIn, Skype, Box, and Pinterest. This round of institutional investment has brought total funds raised to date to $129 million. Funding proceeds will be used to accelerate Procore’s growth and expand its suite of mobile and web-based tools for managing construction projects.