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BuildersCloud, a cloud-based service geared towards managing construction projects, has obtained $1,1 million (754,000 Euro) from TA Venture, Dave McClure’s 500 Startups, Rudy Gadre, Denny Hill Capital, TEC Ventures, Linden Rhoads, Sujal Patel, and construction firm McKinstry. This is the first investment for TA Venture since they participated in a round for Russian prepaid-card service IQcard back in March.
Cloud services have seemingly become all the rage over the past couple of years and BuildersCloud is, as the name suggest, a project designed to harness the power of the internet to simply the construction process. Offering packages at 11 Euro/month (Team), 23 Euro/month (Business), and at a negotiated price (Custom), the company provides storage, allows customers to share messages and photos, offers a collaboration platform, and offers customers access to vendor and project directories, among a number of tools.
The company is located in Bellevue, Washington and was launched in June 2012 by the American Andrew Klein and Russians (fellow Siberians!) Andrey Nokhrin and Konstantin Novikov. The company recently graduated from the 2013 Microsoft Accelerator, which is powered by TechStars, and now looks to expand their business. Nokhrin, the CEO of the company, says that the newly-raised funds will go towards hiring full-time product and sales personnel, hiring additional developers, and preparing to scale. The company already reports have customers in the United Kingdom, Australia, and Latin America, so they are not limited in their ambitions.
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