BuildingConnected, a San Francisco, CA-based bid management solution for the construction industry, closed $8.5m in Series A funding.
The round, which has brought total funding to $10.7m, was led by CrossLink Capital, with participation from existing investors Homebrew, Freestyle, Bee Partners and Brick & Mortar.
Led by Dustin DeVan, CEO, BuildingConnected is a bid management solution which connects hundreds of thousands of construction professionals across the US.
The company is also launching a new set of features that give contractors the support and analytics tools they need to make business decisions faster. These include performance analytics, historical cost data, relationship tracking: prequalifications, integrated cloud storage, NDAs & sealed bids.
BuildingConnected, whose platform is currently used by more than 250 of the country’s top general contractors, also announced an agreement with Turner Construction Company, the largest commercial construction builder in the United States, to become their bid management tool.