PataBid Raises $2M Pre-seed

PataBid, a Calgary, Canada-based provider of a platform for contractors to estimate complex subtrade construction projects, has raised $2 million in pre-seed funding.

Investors

The round was led by Graphite Ventures, with participation from Sprout Fund, Bluesky Equities, Inverted Ventures, and various angel investors.

PataBid Use of Funds

The company intends to use the capital to deepen its AI product development capabilities, expand its supplier partnerships and distribution channels, and accelerate commercialization across North America.

About PataBid

PataBid, founded by Melvin Newman and headquartered in Calgary, Canada, develops AI-powered construction estimating software for contractors. Its cloud-based platform, Quantify, automates quantity takeoffs, generates priced estimates from construction drawings, integrates real-time supplier pricing, and enables material ordering.

Funding Details

Company Website: https://patabid.com

Company: PataBid
Raised: $2M
Round: Pre-seed
Funding Date: October 20, 2026
Lead Investor: Graphite Ventures
Additional Investors: Sprout Fund, Bluesky Equities, Inverted Ventures
Source: https://www.finsmes.com/2026/10/patabid-raises-2m-in-pre-seed-funding.html