The new year marks the beginning of the next chapter for Buildertrend – and the customers we serve around the globe.
Recently, we received an investment from Bain Capital Tech Opportunities and HGGC to accelerate our growth and expand the services we provide. Making this milestone even more significant is the fact that this is the first institutional funding in our 15-year history.
So, why should this news be exciting for our customers? It’s important to know this decision was made with you top of mind. This funding will allow us to help construction teams achieve more in new and innovative ways. Our company will grow much more quickly through strategic acquisitions – but we’re taking our customers along with us.
You’ll grow, too, because this investment will also allow us to increase what we offer in areas such as payments, data analytics and contractor services. Our construction job app will serve as the foundation for success, but customers can rely on these additional resources to better move business forward. This investment will also further establish Buildertrend as an industry leader at a time when tech has never been more essential.
Buildertrend, the No. 1 construction project management software, was founded in 2006 by two brothers and a friend. Dan Houghton, Jeff Dugger and Steve Dugger built the company on a simple belief: there’s a better way to manage construction projects. They realized endless opportunities existed to enlighten the industry with smarter communication, streamlined processes and improved finances. So, they got to work.
From the basement of an Omaha home, they created an all-in-one, cloud-based platform unlike anything else. Today, our award-winning construction project management software helps more than 16,000 homebuilding, remodeling and specialty contractor businesses complete projects while reducing delays, eliminating communication errors and increasing customer satisfaction.
We’ve also achieved 45% average year-over-year revenue growth since 2015. To date, we’re proud to have served more than 1 million users across more than 100 countries.
Buildertrend has always been mission-critical, all-in-one software that’s transformed construction. This partnership makes it even more critical. It will drive continued investment in product development, additional services and strategic acquisitions that offer significant benefits to the industry.
Our customers should also be excited knowing that Bain Capital has deep experience across both software and construction. The firm has previously invested in and helped grow a range of technology companies, including HST, Viewpoint, Vertafore and Waystar.
“This partnership underscores a strong belief in Buildertrend’s mission and growth potential built on a solid foundation by Steve, Jeff and Dan,” said Dan Stanko, a partner at HGGC. “Fueled by the resources and guidance of Bain Capital and HGGC, we are highly confident that Buildertrend can further accelerate growth. We look forward to our partnership with the co-founders, Bain Capital and the entire Buildertrend team.”