Procore Raises $635 million IPO

Procore raised $635M in IPO financing led by Various, with participation from Various (IPO). AI-powered construction management platform. The new capital is framed around Build Procore Analytics AI and expand to international markets.

What it does

AI-powered construction management platform. The business sits in Construction & Real Estate, where funded companies are using fresh capital to deepen product coverage, distribution, or operating capacity.

Traction

10,000+ customers managing $1T+ in construction annually. Management framed the new capital around Build Procore Analytics AI and expand to international markets.

Trend impact

Construction project management replacing spreadsheets and paper drawings. The capital raise matters because it gives the company more room to compete for customers, talent, and mindshare while incumbents and adjacent startups respond with clearer product depth or distribution.

Funding history

• May 1, 2021 · IPO · $635 million · Various (IPO)
• September 1, 2021 · Growth Round · $200 million · Various

Products & services

• Construction & Real Estate workflow monitoring tied to the funding announcement
• Customer-facing product described on the company website
• Operational tooling for construction & real estate teams
• Data capture and reporting across core business processes
• Team expansion support funded by the latest round