Big money for Pro.com
Investors appear to believe that Pro.com has a strong future ahead of itself.
The Seattle, Wash.-based company that connects contractors with homeowners announced that it has secured $33 million in additional capital through a second round of investor funding. Launched in 2013 by a collection of former Amazon employees and service industry entrepreneurs, the company previously raised about $27 million in funding.
This latest round includes investments from WestRiver Group, Goldman Sachs, and Redfin: the online real estate brokerage. Other participats include previous investors DFJ, Madrona Venture Group, Maveron, and Two Sigma Ventures.
According to Matt Williams, CEO and co-founder of Pro.com, the company finished 2018 with 300% growth in job bookings compared to 2017 with service areas now including Denver, Colo.; San Francisco; San Jose, Calif.; Phoenix, Ariz. and Seattle.
“The new capital will fuel the expansion of our unique technology-driven general contracting business to new markets, with Portland being our next city,” Williams posted on Pro.com’s blog.
Heavyweights are joining the Pro.com board of directors as well. New to the board are Erik Anderson, WestRiver Group founder and CEO; Glenn Kelman, CEO of Redfin; and Charlotte Guyman, a former Microsoft executive and current Berkshire Hathaway board member.
“Many of Redfin’s customers struggle to get professional renovation services, so we know firsthand that Pro.com’s market opportunity is massive. Pro.com and Redfin share a commitment to combining technology and local, direct services to best take care of customers,” Kelman said.
Williams says Pro.com has what it takes to become a leader in contractor services.
“To become the next generation general contractor, we have assembled a construction team with decades of residential home improvement experience and a technology team that has built software for major brands at scale,” Williams said.
The Seattle, Wash.-based company that connects contractors with homeowners announced that it has secured $33 million in additional capital through a second round of investor funding. Launched in 2013 by a collection of former Amazon employees and service industry entrepreneurs, the company previously raised about $27 million in funding.
This latest round includes investments from WestRiver Group, Goldman Sachs, and Redfin: the online real estate brokerage. Other participats include previous investors DFJ, Madrona Venture Group, Maveron, and Two Sigma Ventures.
According to Matt Williams, CEO and co-founder of Pro.com, the company finished 2018 with 300% growth in job bookings compared to 2017 with service areas now including Denver, Colo.; San Francisco; San Jose, Calif.; Phoenix, Ariz. and Seattle.
“The new capital will fuel the expansion of our unique technology-driven general contracting business to new markets, with Portland being our next city,” Williams posted on Pro.com’s blog.
Heavyweights are joining the Pro.com board of directors as well. New to the board are Erik Anderson, WestRiver Group founder and CEO; Glenn Kelman, CEO of Redfin; and Charlotte Guyman, a former Microsoft executive and current Berkshire Hathaway board member.
“Many of Redfin’s customers struggle to get professional renovation services, so we know firsthand that Pro.com’s market opportunity is massive. Pro.com and Redfin share a commitment to combining technology and local, direct services to best take care of customers,” Kelman said.
Williams says Pro.com has what it takes to become a leader in contractor services.
“To become the next generation general contractor, we have assembled a construction team with decades of residential home improvement experience and a technology team that has built software for major brands at scale,” Williams said.