BuildClub reaches milestones

BuildClub recently revealed that it had surpassed the $3 million mark in annual revenue.

The startup said that its crowdfunding campaign hit a milestone of $300,000 on StartEngine. In a press release provided by the Palo Alto, California-based, tech-focused building materials delivery service, BuildClub also said that it has tripled its annual revenue while "establishing a strong foothold in the market."

As of June, BuildClub said it has “attracted over 10,000 loyal customers, comprising both contractors and homeowners.” This includes more than 270,000 items delivered to customers through more than 5,000 completed transactions.

"We are incredibly proud of the milestones we have achieved in such a short period," stated Stephen Forte, founder and CEO of The BuildClub. "The rapid growth of our revenue, customer base, and online presence is a testament to the industry's appetite for our disruptive solution."

BuildClub serves small, mid-sized, and large contractors — along with homeowners — through its on-demand, one-stop-shop building materials platform. Products range from lumber, plywood, and drywall, to decking, insulation, roofing materials, concrete and more.

Through artificial intelligence and machine learning, BuildClub says it tracks about 17 million different products per day. The company also says it offers same-day, on-site delivery of building materials – 7 days a week – in two hours or less. 

According to BuildClub, its platform has nearly 50,000 registered users with 400,000 unique visitors per month.

Last month, BuildClub set up shop in the Miami market and headed into Boston and Chicago this past May. Entry into additional markets is expected in 2023 as the company continues to seek investors.