BuildOp, a VC-backed all-in-one SaaS platform for commercial service contractors, has raised $5.8 million in seed financing. Founded in August 2018, the company fills the void in the commercial construction market industry by its innovative software service.
Los Angeles-based venture capital Fika Ventures lead the seed round. It includes the participation of more than a dozen other investors, such as MetaProp VC, Global Founders Capital, CrossCut Ventures, L2 Ventures, and others. The fresh capital is to strengthen and enhance the company’s growth.
The commercial construction market is definitely a fast-growing sector. According to the surveys, the market has witnessed drastic changes, and project management software has a pivotal role in this transformation. However, those software platforms aided general contractors.
Alok Chanani, Steve Chew, and Neeraj Mittel figured the void in the industry out and founded BuildOp to give a hand to the subcontractors. The experience spectrum is spread in different areas. Neeraj Mittal is a former ServiceTitan developer; Steve Chew worked with Microsoft, Nextag, Swurv and Fundly, and Alok Channan, founder of a commercial real estate company.
“At BuildOps, we are aiming to bring a reliable all-in-one solution on the latest technology to the people who keep America’s hospitals, power plants, and commercial real estate running. We are privileged to be working closely with some of the country’s top commercial contractors,” said Chanani.
Currently, the startup is focusing on the subcontractors working on commercial HVAC, Plumbing, and Electrical contractors. This software eliminates the scope of a spreadsheet for running a project. Scheduling and dispatching is the primary function the SaaS platform provides. It helps the customers to find suitable tech for the particular work. The invoicing and collecting signatures also a simple process on the platform. The services cover almost everything a contractor needs.
“There are very few world-class technology solutions for commercial subcontractors like this, and we believe in the founders,” said Joe Montana, managing partner of Liquid 2 Ventures.
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