Procore was founded in 2003 by Craig Courtemanche. In February 2020, the company filed is S-1 registration document with the SEC in advance of a planned IPO. Subsequently in April 2020, it was broadly reported that the company had postponed its IPO plans.
Procore develops construction project management software. The company has raised over $450 million in Venture Capital funding from investors including D1 Capital Partners, Tiger Global Management, Dragoneer Investment Group, ICONIQ Capital, Bessemer Venture Partners, Lead Edge Capital, Lumia Capital, and Scop Venture Capital. It has been widely reported that Procore last raised $150 million in April 2020 at a post-money valuation of $5 billion.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
12/31/2020 | Series I | $334.92MM | $xx.xx | $4.96B | Bessemer Venture Partners, D1 Capital Partners, Iconiq Capital | |
Price per Share
$xx.xx
Shares Outstanding
8,845,084
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bessemer Venture Partners, D1 Capital Partners, Iconiq Capital
|
||||||
07/30/2019 | Series H-1 | $103.41MM | $xx.xx | $3.15B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
3,865,663
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
12/13/2018 | Series H | $75MM | $xx.xx | $3B | Bessemer Venture Partners, Iconiq Capital, Lumia Capital, Tiger Global Management | |
Price per Share
$xx.xx
Shares Outstanding
2,943,843
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bessemer Venture Partners, Iconiq Capital, Lumia Capital, Tiger Global Management
|
||||||
12/08/2016 | Series G | $50MM | $xx.xx | $1.08B | Iconiq Capital | |
Price per Share
$xx.xx
Shares Outstanding
5,369,992
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Iconiq Capital
|
||||||
02/09/2016 | Series F | $80MM | $xx.xx | $545.96MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
15,704,747
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
04/16/2015 | Series E | $30MM | $xx.xx | $220.31MM | Bessemer Venture Partners, Iconiq Capital | |
Price per Share
$xx.xx
Shares Outstanding
12,033,211
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bessemer Venture Partners, Iconiq Capital
|
||||||
06/10/2014 | Series D | $16.02MM | $xx.xx | $70.39MM | Besssemer Venture Partners, Tenoneten Ventures | |
Price per Share
$xx.xx
Shares Outstanding
16,645,641
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Besssemer Venture Partners, Tenoneten Ventures
|
||||||
01/31/2010 | Series C | $194,232.00 | $xx.xx | $4.98MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
1,942,320
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
01/24/2007 | Series B | $2.92MM | $xx.xx | $13.23MM | Great Pacific Capital, Persistence Capital Partners | |
Price per Share
$xx.xx
Shares Outstanding
11,322,904
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Great Pacific Capital, Persistence Capital Partners
|
||||||
06/30/2006 | Series A | $665,787.00 | $xx.xx | $2.66MM | Tech Coast Angels | |
Price per Share
$xx.xx
Shares Outstanding
6,657,873
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Tech Coast Angels
|