Construction Platform Procore Closes $75 Million Funding Round

Procore Technologies, Inc., a provider of cloud-based applications for construction, secured $75 million in a funding round led by Tiger Global Management.

Procore currently has 1,300 full-time employees working across 12 offices around the globe, with 5,000 customers on projects in over 100 countries. The company was recently recognized as the fourth best place to work in the United States, according to Glassdoor’s 2019 Best Places to Work.

The company plans to use this round, which values the company at $3 billion, to support product development, partner platform expansion, and continued investment in human resources.