Friday, September 20, 2019

Procore Taps Investment Banker For IPO, Says Report

Goleta-based Procore, the develops of mobile-enabled, construction management software led by Tooey Courtemanche, appears to be headed for an IPO, and reportedly has hired Goldman Sachs to lead its IPO, according to a report. Bloomberg said, citing "people with knowledge of the matter", that Procore's initial public offering could value the company at more than $4 billion. Procore's software is used for managing construction projects, linking subcontractors and everything from building plans, invoices, inventory, and more. Procore is venture backed by Tiger Global, Bessemer Venture Partners, Great Pacific Capital, and ICONIQ Capital. More information »