BuildClub continues to raise investment funds
The BuildClub, the on-demand platform offering job site delivery service, continues to raise investment cash.
The Palo Alto, California-based company announced that it has been selected for the Google Cloud Startup Program. The endorsement comes with a $100,000 award. The program identifies and supports promising startups with growth potential.
According to BuildClub, the $100,000 credit will be used to enhance the company’s technological infrastructure. Using AI-driven tech, BuildClub serves as a building material and tools platform while promising two-hour delivery to jobs.
"Being selected for the Google Cloud Startup Program is a tribute to our team's hard work and dedication,” said Stephen Forte, CEO and founder of The BuildClub. “This collaboration provides us with financial support, as well as opens doors to advanced technologies that will undoubtedly enhance our platform's capabilities."
Since the company’s launch in March 2021, BuildClub has tripled its annual revenue, surpassing $3 million.
Earlier this year, BuildClub’s crowdfunding campaign reached a milestone of $300,000 on StartEngine, which allows new companies to present their plan to investors while raising capital for growth.
BuildClub said its platform has attracted over 10,000 customers, comprising both contractors and homeowners. The company has also completed more than 5,000 transactions while delivering more than 270,000 items to customers. This includes both pros and homeowners.
Additionally, BuildClub said it has nearly 50,000 registered users to date with its site receiving as many as 400,000 unique visitors each month.
"We are incredibly proud of the milestones we have achieved in such a short period," Forte said. "The rapid growth of our revenue, customer base, and online presence is a testament to the industry's appetite for our disruptive solution."
This year, BuildClub moved into several new markets including Boston, Chicago, and Miami.
