PlanGrid, a San Francisco, CA-based provider of construction field enablement software, raised $18m in Series A financing.
The round was led by Sequoia Capital. In conjunction with the funding, Sequoia partner Doug Leone joined PlanGrid’s board of directors.
The company intends to use the funds to expand the platform.
Led by Tracy Young, co-founder and CEO, PlanGrid a cloud-based construction document collaboration platform for major firms to plan, markup and share with everyone (engineers, contractors, field workers, and architects) on a construction project. It lets contractors and architects collaborate from their desktop or mobile devices across all their project plans, specs, photos, RFIs and punchlists. It is used by more than 10,000 customers, including construction firms like Clark Builders Group, Power Designs, and Structure Tone, as well as building owners like Nordstrom, Tishman Speyer, and Sutter Health, to manage more than 200,000 construction projects worldwide.
The company emerged from Y Combinator in 2012 and has since secured initial funding from Sequoia Capital, Box, 500 Startups, Y Combinator, Navitas Capital, Google Ventures, Sam Altman, Paul Bucheit, David Sacks, and Professor Raymond Levitt.
FinSMEs
14/05/2015