QuoteToMe, an Edmonton, Alberta, Canada-based company that is digitizing the construction industry’s procurement and financial processes, raised $2.5m (CAD) in funding.
This round was led by Builders VC and Blackhorn Ventures, with participation from Argonautic Ventures, Azure Capital, Stanford University | Farmers Investment Club, and the Donnelley Family, among others.
The company intends to use the funds to to complete integration with leading ERP systems (Procore, Sage, Viewpoint, Quickbooks, and Jonas), continue to expand in Canada, and begin rollout in the United States.
Led by John Chabluk, Founder and CEO, QuoteToMe is a technology company enabling contractors to buy materials, equipment, and services for construction projects. The solution has already processed more than $24,000,000 in transactional volume, including purchase orders for building materials, equipment, and site services. Its purchasing automation solution has already landed large construction clients with a combined construction value exceeding $1.5 billion annually. QuoteToMe is connecting these clients to 1,000+ suppliers across North America.