Tuesday, October 10, 2006

Procore Technologies Closes Series B

Santa Barbara-based Procore Technologies announced the close of a Series B funding today, saying that it has raised over $2M in the first half of the round. The funding was led by Great Pacific Capital. Procore said that the Series B Preferred financing is expected to close before the end of 2006. Procore develops an online, hosted software-as-a-service tool targeted at construction project management. Procore said it will use the funding to scale up the firm's advertising and participation at industry events and trade shows. The investment is among the first by Great Pacific Capital, a new Ventura-based venture capital fund headed by former Fastclick CEO Dave Gross. More information »

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