Clearstory of Walnut Creek, CA, a provider of a platform for communication about construction change orders, raised $16M as part its Series B funding.
Prudence led the round, which brought up the total to $16M Series B funding. Industry Ventures participated, as did existing investors such as Jackson Square Ventures. Building Ventures. GS Futures. Cloud Apps Capital Partners.
The company plans to use the funds for scaling its platform and bringing in talent to drive growth, innovation and growth.
Clearstory, led by CEO Cameron Page and its change order communication tool, is empowering construction business processes. It is built on trust and transparency and helps general contractors reduce risks, specialty contractors get paid quicker, and teams make better financial decisions by having access to real-time information in one central location. The platform reduces administrative burdens through automation and integrations to many construction technology platforms, including Procore Autodesk Vista CMIC Sage HCSS.
The company counts 13 of the top 25 general contractors in North America among its customers. These include industry leaders such as Suffolk, Clayco Barton Malow Swinerton, Kone Elevators Performance Contracting Group, and others.
FinSMEs
27/06/2024