Extracker raises $7 million for construction software

ByLance T. Lee

Jun 8, 2022

Construction Industry Order Change Communication Platform extractor has completed an oversubscribed $7 million Series A fundraiser that it will use to expand the availability of its software, according to a Wednesday, June 8 company press release.

Cloud Apps Capital Partners led the funding effort for Extracker, which digitizes manual workflows and creates financial transparency among construction players, with participation from construction technology platform Building Ventures and the former Jackson Square Ventures investor, who led the Extracker funding round in June 2021.

Andy Stinnes, General Partner of Cloud Apps Capital Partners, and Jesse Devitte, Co-Founder and General Partner of Building Ventures, join Extracker as part of their investments.

“We are finding innovative ways to better equip our customers with the tools they need,” said Cameron Page, founder and CEO of Extracker, in the company’s press release. “With this new round of funding, we are expanding our integrations with the industry’s most popular project management and accounting systems, such as Procore, CMiC and Sage, which seamlessly sync COR and T&M tags across systems. registration of all stakeholders.

Related: Bectran Launches Lien Filing and Tracking Product for the Construction Industry

Last month, Accounts Receivable (AR) software company Bectran launched a new solution for the construction industry to help with lien filing and monitoring, streamlining AR work that will organize and convey information about jobs from contractors directly to lien service providers.

Bectran’s new product aims to digitize the process and reduce privilege management costs for businesses, allowing businesses to fully automate the entire process. The standard lien filing and monitoring process is “intensely manual” and time-consuming, increasing the risk of errors or inconsistencies that can create setbacks and put assets at risk.

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