Procore Named Inc. 5000 Fastest Growing Companies

CARPINTERIA, Calif., Aug. 28, 2014 — Procore, a leader in construction management software, ranks 880 in Inc. magazine's 2014 list for the Top 5000 Fastest-Growing Companies in the US. This is the third consecutive year that Procore has been listed on the Inc. 5000.

Procore Technologies, Inc., founded in 2002, provides cloud-based construction management software to help construction professionals collaborate on construction projects from any Internet-connected device with access to all project documentation including contracts, RFIs, submittals, schedules and drawings via the cloud. Procore allows general contractors, construction management firms, architects, and engineers to edit and share data in the field, and provides facility owners with continuous visibility into project health across their project portfolio.

Procore's growth has been driven by customer adoption of the company's comprehensive suite of construction project management tools. Procore's deep functionality, in combination with a simple, easy-to-use interface, is unique in the construction software industry. Spanning the project lifecycle from bid to close-out, Procore offers far more power than most "point solution" offerings in the industry. In addition, Procore can be accessed using any Internet-connected device, either via web browser or by using one of the Procore mobile apps that have been purpose-built for iPhones, iPads, and Android devices.

Procore has experienced a three-year revenue growth of more than 350% and grown from less than 25 employees to over 130 team members during that time. Procore recently raised $15 million in growth funding from Bessemer Venture Partners, the same Silicon Valley investors backing Yelp, LinkedIn, Skype, Box, and Pinterest. This round of institutional investment brings total funds raised to date to $19 million. Funding proceeds will accelerate Procore's growth and expand its suite of mobile and cloud-based tools for managing construction projects.

Inc. and the Inc. 5000

Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today.

About Procore Technologies Inc.

Procore Technologies, Inc., founded in 2002, provides cloud-based construction management software to clients across the globe. Using its award-winning suite of construction management software, hundreds of thousands of registered Procore users manage all types of construction projects including industrial plants, office buildings, apartment complexes, university facilities, retail centers and more. The Procore and free CurrentSet by Procore mobile apps for iOS and Android can be downloaded from the App Store or Google Play.