Flexbase, a San Francisco, CA-based provider of an automated payment platform for contractors and the construction industry, closed a $2.5M pre-seed funding.
Backers includes Hustle Fund, Suffolk Technologies, Equipment Share, Romulus Capital, Chapter One, Banana Capital, Social Starts, Great Oaks Venture Capital, and Sriram Krishnan.
The company intends to use the funds to support the platform’s continued growth and innovation, and to expand the size of its workforce.
Founded by Zaid Rahman, a Thiel Fellow and co-founder of the Miami VC Angel community group 305 Ventures, and Hadi Solh, a former McKinsey/Goldman Sachs executive and launched in October of 2020, Flexbase is a construction technology company for SMB general contractors and specialty contractors to manage billing-related processes.
No subscriptions or licenses are required, and the automated payment system integrates with all of the software tools (Quickbooks, Xero, Zapier, Sage, etc.) that contractors already use.