logo
logo

1Build Announces $19.5M In Funding To Create The Industry'S First Real Time Data Platform For Construction Cost Estimating

Sep 22, 2021•almost 4 years ago

Amount Raised

$19.5 Million

Los Angeles

Description

1build, the only real-time data platform for building construction estimating, today announced that it recently raised a total of $19.5M in funding, including the closing of a $14M Series A led by Greycroft Capital. As Covid-19 continues to make the cost of construction and housing materials like lumber more volatile than ever, 1build's technology delivers the latest and most accurate pricing data from every county in the country - creating the de facto cost estimation tool for contractors and home builders. The company also previously raised a $5.5M seed round led by Initialized Capital.

Company Information

Company

1build

Location

Los Angeles, California, United States

About

1build offers the only real-time data platform for construction cost estimates, bringing pricing accuracy and predictability to an ever-changing market. Leveraging a unique team of software engineers and data scientists alongside construction industry veterans, 1build's proprietary API pulls from millions of data points to create a "periodic table" of construction elements, using data to standardize the way construction projects are priced. With 1build, builders can manage the entire pre-construction process, from plan upload to bid submission – enabling them to win more bids with best-in-class estimating technology and on-demand support from expert cost estimators. Media Contact: Kyle Celeste, [email protected] SOURCE 1Build

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech