Procore
Financials
Estimates*
| USD | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenues | 289m | 400m | 515m | 720m | 950m | 1.1b | 1.3b |
| % growth | 55 % | 38 % | 29 % | 40 % | 32 % | 20 % | 14 % |
| EBITDA | (67.2m) | (32.1m) | (250m) | (221m) | (115m) | - | - |
| % EBITDA margin | (23 %) | (8 %) | (49 %) | (31 %) | (12 %) | - | - |
| Profit | (83.1m) | (96.2m) | (265m) | (287m) | (190m) | - | - |
| % profit margin | (29 %) | (24 %) | (52 %) | (40 %) | (20 %) | - | - |
| R&D budget | 87.0m | 125m | 237m | 271m | 301m | - | - |
| R&D % of revenue | 30 % | 31 % | 46 % | 38 % | 32 % | - | - |
Source: Dealroom estimates
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
$15.0m | Series D | ||
$30.0m | Series E | ||
$50.0m | Series F | ||
$50.0m | Series G | ||
$50.0m | Secondary | ||
$75.0m Valuation: $3.0b 26.7x EV/LTM Revenues -60.4x EV/LTM EBITDA | Series H | ||
| N/A | $97.9m | Series H | |
$94.9m | SERIES I | ||
$150m Valuation: $5.0b 17.3x EV/LTM Revenues -74.4x EV/LTM EBITDA | Late VC | ||
| N/A | $634m Valuation: $8.5b 21.2x EV/LTM Revenues -264.7x EV/LTM EBITDA | IPO | |
| Total Funding | AUD877m | ||
Related Content
Recent News about Procore
EditProcore Technologies, Inc., accessible via procore.com, is a leading provider of construction management software designed to streamline and enhance the efficiency of construction projects. The company operates in the construction industry, serving a diverse range of clients including general contractors, owners, subcontractors, and public sector entities. Procore's platform is utilized globally, with over 1,000,000 projects completed in 125 countries.
Procore's business model revolves around offering a comprehensive suite of tools that cover various stages of construction, from preconstruction to project management and closeout. The software includes features for prequalification, bid management, estimating, quality and safety management, design coordination, and Building Information Modeling (BIM). This all-in-one solution aims to help construction teams deliver projects on time and within budget by improving communication and visibility between field and office operations.
The company generates revenue through a subscription-based model, where clients pay for access to the software and its various modules. Additionally, Procore offers professional services, including tailored training and support, to help clients maximize the potential of the platform. This personalized approach ensures that different types of businesses can effectively utilize Procore's tools according to their specific needs.
Procore also provides extensive support resources, including documentation, a community forum, and professional services. The company emphasizes diversity, inclusion, and belonging within its operations and offers insights into construction activity trends, such as the impact of COVID-19 on the industry.
In summary, Procore Technologies is a key player in the construction management software market, offering a robust platform that enhances project efficiency and effectiveness. The company's focus on comprehensive solutions and customer support has made it a trusted partner for construction professionals worldwide.
Keywords: construction management, software, project efficiency, general contractors, subcontractors, preconstruction, project management, BIM, professional services, global reach.
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