CompanyCam secures $6m investment for Construction App
CompanyCam, the Lincoln-based documentation and communication app for contractors, has secured a $6M Series A funding round led by Blueprint Equity, a growth equity fund based in San Diego, CA.
When asked for a quote about the funding, Founder and CEO of CompanyCam, Luke Hansen replied only by reciting a line from one his favourite movies, Dumb and Dumber, “We’re really doing it Harry!”
This investment comes as the company celebrates its fifth year in business. With a solid and loyal user base, the construction-minded app will use the funds to accelerate its rapid growth, expand functionality, and grow its in-house and remote teams to meet consumer demands for additional features.
The news of this Series A investment accompanies another major announcement – the app is now completely free for small companies — up to three users and fifty saved projects. Not only has the company released a free version of their product, they’ve also rolled out CompanyCam Pro.
For $19/user per month, companies on CompanyCam Pro can have unlimited users and projects, as well as access to unlimited video capture and integration plug-ins for industry CRMs, invoicing software, and more.
“Letting customers use CompanyCam for free is key to our long-term vision of being the best way for contractors to work together in capturing field data and putting it to work,” says Levi Nelson, COO of CompanyCam. “It lowers the barrier for potential customers to see the value of CompanyCam and also paves the way for exciting collaborative enhancements to come.”
“We are very excited to be partners with CompanyCam,” says Bobby Ocampo, Managing Partner of Blueprint Equity. “The construction space – particularly the businesses CompanyCam serves – is massive yet highly fragmented; CompanyCam has grown tremendously serving small to medium-sized customers that have traditionally been underserved.”
CompanyCam is eager to keep momentum and continue to release new features, refine their core product, and continue growing – both their user base and their company in Lincoln, NE.