“I don’t think I realized the complex problems that I was getting into solving for large construction companies,” he told TechCrunch. Some of Vass’s other contracting clients were looking for a system similar to what Bignold had built so the pair got beta customers to use the app, and become early adopters. He teamed up with Vass, who had helped him get that contracting business “to the top of Google.” In 2017, he ended up selling his construction business with the intention of spinning out the app he had built into its own company. “I thought to myself, ‘Why can’t you buy or sell construction services with the convenience of an Amazon-like, or Shopify, experience.” Essentially, he had built a quoting engine that gave contractors a way to provide consumers with “an interactive, shoppable experience” while managing a project.Īs a contractor, I didn’t have the tools to support the price complexity of a large construction project,” Bignold said. Being able to see your options and how specific choices will impact your end cost in one place can certainly help make the project less stressful.ġ0 proptech investors see better era for residential and retail after pandemicīignold, who did some coding during college, put together a simple prototype of an app that generated a document with an estimate of project costs that was sent out via email to potential customers. If you’ve ever performed a home remodeling project, you understand that this is something that would be incredibly useful considering all the various decisions required around vendors and products. Put simply, CostCertified today is a price configurator tool for construction, but the Calgary, Alberta-based company’s end goal is to build the “Amazon for construction.” CostCertified allows contractors to send a shoppable interactive estimate to homeowners so that they can choose their selections during a project, and see the effect on price instantly. The raise marks CostCertified’s first external round of funding. The company is also backed by Y Combinator (having participated in the accelerator’s S21 batch), I2BF Global Ventures, Soma Capital and a number of proptech/construction tech founders such as Willy Schlacks, CEO and co-founder of EquipmentShare Ryan Sutton-Gee, PlanGrid co-founder and former COO Jonathan Wasserstrum, co-founder and CEO of SquareFoot and Bill Smith, founder and CEO of Landing. Mark Goldstein is a serial entrepreneur and also runs Marc Benioff's fund.CostCertified, a Canadian startup which provides real-time, interactive residential construction estimates, raised $8.45 million in a seed round of funding.įUSE, a Pacific Northwest venture firm which counts former Microsoft CFO John Connors and Seattle Seahawks linebacker Bobby Wagner as venture partners, led the round. Trip Adler is the Scribd founder, which is like Netflix for books and serves 100m uniques a month. George Bousis is the founder of billion dollar giftcard app Raise, the fastest growing e-commerce company ever. Vivek has also seeded / helped build tech goliaths like Google, Ebay, Yahoo and Salesforce. Tibco does over $1bn in revenue and powers 80% of Fortune 500 companies which gives Soma CEO-level relationships with many of the biggest brands in the world. Vivek is the founder of multi billion dollar enterprise software company Tibco (big data, analytics, event processing, etc.) and owner of the Sacramento Kings. Aneel is a serial entrepreneur having built social media apps for the last 10 years. Soma is run by Aneel Ranadive with a world class advisory team of entrepreneurs including Vivek Ranadive, George Bousis, Trip Adler, and Mark Goldstein. Soma Capital is a fund built by entrepreneurs for entrepreneurs.
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