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Procore delivers a comprehensive cloud-based construction management platform designed to streamline project workflows and enhance operational efficiency. Its software-as-a-service offering provides a unified system for managing projects, resources, and financials across the entire construction lifecycle. The platform integrates various tools to facilitate collaboration, document management, and communication for all project stakeholders.
Craig "Tooey" Courtemanche Jr. founded Procore in 2002, stemming from a personal frustration with the inefficiencies and lack of cohesive technology he experienced while building his own home. This insight revealed a significant opportunity to introduce modern, integrated software solutions to a historically underserved construction industry. Courtemanche recognized the need for a centralized system to connect disparate processes and parties involved in construction.
The platform serves a broad spectrum of users within the construction ecosystem, including owners, general contractors, and specialty contractors. Procore's overarching vision centers on connecting everyone in construction on a global platform, aiming to improve communication, foster better decision-making, and ultimately drive productivity and safety across projects worldwide. The company continues to evolve its offerings to meet the dynamic needs of the global construction market.
Procore has raised $571.0M across 9 funding rounds.
Key people at Procore.
Procore was founded in 2002 by Craig Tooey (Founder, President, CEO, Chairperson).
Procore has raised $571.0M in total across 9 funding rounds.
# Procore: High-Level Overview
Procore is a cloud-based construction management software platform that serves as a central collaboration hub for owners, general contractors, specialty contractors, and other construction professionals.[1][3] Founded in 2002 and headquartered in Carpinteria, California, the company provides an integrated suite of tools designed to streamline every phase of construction projects—from preconstruction and project management to financial tracking and workforce management.[1][2]
The platform addresses a fundamental pain point in construction: fragmented workflows and siloed information. By consolidating scheduling, budgeting, communication, and documentation into a single system, Procore enables construction teams to reduce manual data entry, minimize errors, and improve project visibility.[2] According to Procore's 2022 Customer ROI Report, the average customer can take on 48% more construction volume per person compared to previous methods, with surveyed customers reporting an average 16% reduction in rework.[3]
Procore operates at significant scale, serving over 10,000 customers across 150+ countries and enabling 3 million+ projects.[4][6] The platform has demonstrated strong market adoption, with 1.6 million users engaged across its ecosystem as of 2020.[6]
Founder and CEO Craig "Tooey" Courtemanche brought a unique perspective to construction technology. Starting his career as a carpenter and later working as a real estate developer, Courtemanche transitioned into technology in Silicon Valley.[1] The genesis of Procore came from personal experience: while building his own home in Santa Barbara, he recognized that his technology background could solve real inefficiencies in construction management. The software he built to better manage his own construction process became the foundation for Procore, launched in 2002.[1]
The company's early growth was bolstered by strategic leadership additions. Steve Zahm, founder of the e-learning company DigitalThink, joined as president in 2004, bringing enterprise software expertise to the young company.[1] Over the following decades, Procore expanded through both organic development and strategic acquisitions—acquiring Honest Buildings (2019), Esticom (2020), and AI companies Avata Intelligence (2020) and INDUS.AI (2021)—to broaden its capabilities.[1]
Procore sits at the intersection of two powerful trends: digital transformation in traditionally analog industries and the rise of vertical SaaS platforms. Construction—a $2+ trillion global industry—has historically lagged in software adoption compared to other sectors, creating a massive opportunity for modernization.
The company's growth reflects broader market forces: labor shortages in construction are driving demand for productivity tools that help teams do more with fewer people; increasing project complexity demands better coordination and visibility; and the construction industry's shift toward data-driven decision-making creates demand for analytics and business intelligence capabilities.
Procore's influence extends beyond its direct customer base. By establishing itself as the dominant platform in construction management, the company shapes how the entire industry thinks about digital workflows, data standardization, and integration. Its success has validated the vertical SaaS model for traditionally fragmented industries and attracted significant venture and growth capital to the construction tech ecosystem.
Procore has established itself as the category leader in construction management software, but its trajectory will be shaped by several emerging forces. The integration of AI capabilities—particularly generative AI for document analysis and task automation—positions the company to deepen its value proposition as construction teams seek to extract insights from the massive data volumes flowing through their projects.
The company's future growth will likely depend on three factors: deepening penetration among mid-market and smaller contractors (where adoption remains fragmented), expanding internationally in high-growth construction markets, and evolving its platform to address emerging challenges like supply chain visibility and sustainability tracking. As construction increasingly demands real-time data and predictive analytics, Procore's role as the central nervous system of construction projects will only become more critical—making it a foundational infrastructure play in an industry undergoing its digital awakening.
Procore was founded in 2002 by Craig Tooey (Founder, President, CEO, Chairperson).
Procore has raised $571.0M in total across 9 funding rounds.
Procore's investors include Daniel Saul Sundheim, Bessemer Venture Partners, Tiger Global, ICONIQ Growth, Lumia Capital, Cedar Capital Group, Brian Feinstein.
Key people at Procore.
Procore has raised $571.0M across 9 funding rounds. Most recently, it raised $150.0M Other Equity in May 2020.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 1, 2023 | PermitFlow | $6.0M Seed | Initialized Capital | Era Ventures, Aniq Kassam, Foundamental, Founder Collective, Founders Fund, Y Combinator, Immad Akhund, Jason Katzer, Namrata Ganatra, Sahin Boydas, Bluebeam, Mighty Buildings, Opendoor, PlanGrid, Thumbtack, Zillow |
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2020 | $150.0M Other Equity | Daniel Saul Sundheim | |
| Sep 1, 2019 | $95.0M Series I | Bessemer Venture Partners | |
| Dec 13, 2018 | $75.0M Other Equity | Tiger Global | Bessemer Venture Partners, ICONIQ Growth, Lumia Capital |
| Dec 1, 2018 | $75.0M Series H | Cedar Capital Group | |
| Dec 10, 2016 | $50.0M Other Equity | ICONIQ Growth | |
| Dec 1, 2015 | $50.0M Series F | Bessemer Venture Partners | |
| Apr 16, 2015 | $30.0M Other Equity | ICONIQ Growth | Brian Feinstein |
| Apr 1, 2015 | $30.0M Series E | Bessemer Venture Partners | |
| Jun 1, 2014 | $16.0M Series D | Bessemer Venture Partners |