BuildOps, the only all-in-one management software designed particularly for the modern commercial contractor, revealed today that it has raised an additional $50 million in funding. Fika Ventures and 01 Advisors, a venture capital firm headed by former Twitter CEO Dick Costolo, who has now joined the Board, led the investment endeavor. The funding will help BuildOps continue its phenomenal expansion and solidify its position as the market leader transforming the world of commercial specialty contractors.
This brings BuildOps’ total funding to over $100 million from high-profile investors such as Fika Ventures, 01 Advisors, Next47, Founders Fund, B Capital Group, CBRE executives, the State of Michigan, Telstra Ventures, Gopher Asset Management, Boost Mobile CEO Stephen Stokols, former Salesforce President Gavin Patterson, and CAA founder Michael Ovitz. Over the past several years, the company has routinely impressed investors by posting triple-digit growth rates.
BuildOps is a purpose-built technology platform that combines scheduling, dispatching, inventory management, contracts, workflow, purchasing, and invoicing into a single software package for commercial contractors of all sizes, from a dozen to thousands of personnel.
BuildOps software is the major success engine for commercial service and project-oriented trade contractors, driving huge efficiencies. The platform’s solutions are tailored to individual contractors’ workflows and address industry-wide issues such as supply chain bottlenecks and a skilled labor scarcity. Customers who use the BuildOps platform find significant and measurable top-line growth, cost reductions, and overall profitability advantages.
Dick Costolo and Adam Bain, Co-Managing Partners at 01 Advisors, were intrigued by the industry response and customer impact. The two are no strangers to hyper-growth, having developed the company considerably in terms of customers and foreign expansion while catapulting revenue from $300 million to over $2 billion under their leadership.
