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.