附近上门

Construction tech company has raised a $5.3 million Series A, the company announced Tuesday.

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Extracker鈥檚 software helps general contractors, subcontractors and clients communicate and keep track of project costs and change orders in real-time.聽

CEO 鈥檚 background is in construction, having studied construction management in college and worked in the industry. So he has firsthand knowledge of the challenges that come with communicating costs with subcontractors and clients as projects progress.

鈥淭he challenge, though, is that everyone has their own internal facing financial software 鈥� as a result it鈥檚 impossible to know where you stand in real-time,鈥� Page said in an interview with 附近上门 News. He noted that the last project he worked on had 600 change order requests, all sent through email.

With design-build coming more to the forefront, contractors are entering contracts before the plans are totally finalized. That means the building process is more iterative and prone to change, Page said, and makes keeping track of changing costs more extensive.聽

Page started Extracker three years ago to digitize and streamline the experience, and reached out to his network from the construction industry. The startup, which is based in San Francisco,聽 counts companies including and among its customers.

Extracker was initially bootstrapped before the company raised about $1.5 million in a friends and family round. The Series A, led by , brings its total funding to around $7 million.聽

鈥淚t鈥檚 exceedingly rare to see a team that has deep construction expertise tackle a massive problem in a way that is truly win-win for all 鈥� including (general contractors), subs, owners, developers, and (construction management) firms,鈥� Jackson Square Ventures partner said in an email.

The company most recently saw its revenue grow 350 percent year over year, Page said, and will use the Series A to invest in its core product.聽

Construction tech has been in the spotlight a bit as of late, with construction management platform going public this year and the sector raising nearly $1.5 billion so far in 2021.

Illustration: Li-Anne Dias