CostCertified, a Canadian startup that provides real-time, interactive residential construction estimates, raised $8.45 million in a seed round funding round led by FUSE, a Pacific Northwest venture firm that counts former Microsoft CFO John Connors and Seattle Seahawks linebacker Bobby Wagner as venture partners.
The company is also backed by Y Combinator (having participated in the accelerator’s S21 batch), I2BF Global Ventures, Soma Capital, and several proptech/construction tech founders such as Willy Schlacks, CEO and co-founder of EquipmentShare; Ryan Sutton-Gee, PlanGrid co-founder and former COO; Jonathan Wasserstrum, co-founder and CEO of SquareFoot and Bill Smith, founder, and CEO of Landing.
CostCertified has a team of 25 and it plans to use its new capital in part to increase its headcount by over 100 people over the next year and on product development, sales, and growth.
Company: Cost Certified Inc.
Raised: $8.45M
Round: Seed Round
Funding Month: October 2021
Lead Investors: FUSE
Additional Investors: Y Combinator, I2BF Global Ventures, Soma Capital, Willy Schlacks, Ryan Sutton-Gee, Jonathan Wasserstrum, and Bill Smith
Company Website: https://costcertified.com/
Software Category: Residential construction estimating software
About the Company: CostCertified was born from two guys with a vision that wanted to change how construction estimating and management were done. They set out to tackle some of the biggest problems in construction and after a few years of intense development work and getting feedback from real users they ended up with a product that is poised to change the way construction services are bought, sold, and managed.
Source: https://techcrunch.com/2021/10/06/y-combinator-backed-costcertified-lands-8-45m-to-build-the-amazon-for-construction/