ProjectMark, a SaaS platform focused on the commercial construction industry, has successfully raised $3 million in a recent funding round. New investors include TenOneTen Ventures, Far Out Ventures, Trimble Ventures, and Agya Ventures alongside current investment partners, Heartland Ventures.
ProjectMark is an AI-powered CRM platform for the commercial construction industry. The platform provides companies with effortless bid pipeline management, RFP response management, client relationship development and empowers companies to make smarter pursuit decisions leveraging their historical data.
"We are thrilled to welcome an incredible list of investment partners to the ProjectMark team" said Tom Deane, CEO and Co-founder of ProjectMark. ‘’Having spent over a decade in the industry, we are truly passionate about empowering high-performing construction businesses and providing them the software tooling to win work smarter. This investment is a major milestone for us in achieving this goal’’.
TenOneTen Ventures, the Los Angeles based VC fund who have invested in construction technology players such as BuildOps and Procore led the financing round. "We were impressed by ProjectMark's innovative approach and the team's deep understanding of the challenges faced by construction companies," said Minnie Ingersol, Partner at TenOneTen. "We believe that their CRM platform has the potential to become an industry-standard, and we're excited to be part of their growth story."
Trimble Ventures, Agya Ventures & Far Out Ventures, known for their investments in the construction technology space, also share in the enthusiasm for ProjectMark’s prospects.
"The ProjectMark team has unique expertise, and it shows in the vision and solution they’ve built for construction industry CRM,” commented Chris Stern, Managing Partner and Co-Head of Trimble Ventures. “We’re excited to invest in this technology that aligns so well with Trimble’s Connect and Scale strategy and our focus on expanding the Trimble Construction Cloud ecosystem.”
The $3 million funding will be used to further enhance ProjectMark’s product offerings, expand its team, and scale its marketing and sales efforts. This investment will enable ProjectMark to reach a broader audience of commercial construction companies, helping them achieve greater efficiency, data transparency, and success in their project pursuits.
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