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§ Private Profile · Austin, TX, USA
AI construction estimating and project management software for residential contractors, automating proposals, invoices, and payments.
Handoff has raised $6.0M across 1 funding round.
Key people at Handoff.
Handoff was founded in 2019 by Dmitry Alexin (Founder).
Handoff has raised $6.0M in total across 1 funding round.
Handoff provides AI-powered software that generates instant construction cost estimates and automates comprehensive project management for residential contractors, remodelers, and handymen, based in Austin, Texas. The venture-backed SaaS company has successfully raised over $25 million in total funding, including a $14 million round approximately four years ago, and currently maintains a team of 35 employees. Its platform has been utilized by over 40,000 contractors, streamlining back-office operations from proposals and invoices to change orders and payment processing, and integrates real-time pricing from major suppliers like Home Depot and Lowe's. Handoff recently enhanced its offerings with an AI-powered Projects feature and a rebuilt payment processing engine. Key investors in Handoff include Initialized, Greycroft, Y Combinator, and Masco Ventures. The organization was founded in 2019 by CEO Dmitry Alexin.
Handoff was founded in 2019 by Dmitry Alexin (Founder).
Handoff has raised $6.0M in total across 1 funding round.
Handoff's investors include Antler, Foundamental.
Handoff is an AI-powered platform designed to transform the residential remodeling industry by automating and accelerating the estimating and business operations processes for remodelers, handymen, and fix-and-flip contractors. It generates detailed, accurate project estimates instantly using generative AI combined with localized construction cost data, enabling users to save time, reduce errors, and win more jobs. Beyond estimating, Handoff offers a comprehensive toolkit including client management (CRM), AI-generated proposals, digital invoicing, change order management, and project management—all integrated with top construction suppliers like Home Depot and Lowe’s to provide real-time pricing and inventory. This suite helps remodelers streamline workflows, increase profitability, and scale their businesses without adding overhead[1][3][5].
For an investment firm, Handoff represents a cutting-edge AI-driven solution in the proptech and construction tech sectors, focusing on residential construction—a large, underserved market with over 1.2 million contractors in the U.S. The company’s mission centers on automating back-office operations and improving estimating accuracy to reduce operational burdens and enable faster business growth. Its investment philosophy likely emphasizes AI innovation, SaaS scalability, and integration with established supply chains. By addressing inefficiencies in remodeling workflows, Handoff impacts the startup ecosystem by pushing forward AI adoption in traditional industries and creating new standards for construction estimating and project management[2][4].
Handoff was founded in the early 2020s (exact founding year not explicitly stated but inferred around 2020-2021) by a team focused on solving the labor-intensive and error-prone process of construction estimating. The founders leveraged their experience running a manual cost estimating service, having completed over 10,000 detailed estimates by hand, to train their AI models. Their obsession with building the most accurate construction cost API and knowledge base led to partnerships with major suppliers like Home Depot and Lowe’s, enabling real-time pricing integration. Early traction included helping remodelers like EJ Elliot secure $118,000 bids within 24 hours, demonstrating the platform’s ability to accelerate sales cycles and improve bid accuracy[1][4].
Handoff rides the wave of AI and machine learning adoption in the traditionally manual and fragmented construction industry, particularly in residential remodeling. The timing is critical as the construction sector faces labor shortages, rising material costs, and increasing demand for faster project turnaround. By automating estimating and operational workflows, Handoff addresses these pain points, enabling contractors to scale efficiently without proportional increases in overhead. Its integration with supplier catalogs and localized cost data reflects a broader trend toward data-driven, cloud-based construction management tools. Handoff’s influence extends to setting new standards for accuracy and speed in construction estimating, pushing competitors and the ecosystem toward more AI-enabled solutions[2][3][4].
Looking ahead, Handoff is poised to expand its market share by deepening supplier integrations, enhancing AI capabilities (such as reading drawings and voice notes), and broadening its feature set to cover more aspects of construction project management. Trends shaping its journey include increasing AI adoption in blue-collar industries, digitization of construction workflows, and demand for real-time cost transparency. As it matures, Handoff could evolve into a central platform for residential construction operations, influencing how remodelers bid, manage, and execute projects. For investors, this signals a scalable SaaS opportunity with strong defensibility through proprietary AI models and supplier partnerships. For the remodeling industry, Handoff represents a leap toward operational efficiency and competitive advantage through technology[1][4][6].
Handoff has raised $6.0M across 1 funding round. Most recently, it raised $6.0M Series U in June 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2025 | $6M Series U | — | Antler, Foundamental | Announced |
Key people at Handoff.
