Investments

Pro.com Will Use $10M In Financing To Expand Its Contractor Services

Home Improvement Services

Pro.com, a tech-centric general contractor with licenses in Washington and California, announced that it has raised $10 million in a growth financing round.

According to TechCrunch, the financing, led by DFJ Venture Capital — with participation from existing investors Maveron, Madrona Venture Group and Two Sigma Ventures — will be used to expand Pro.com’s services to other regions. In addition, DFJ’s Bill Bryant will join the Pro.com board.

While Pro.com was founded in 2014 as a marketplace to connect homeowners with home improvement and renovation professionals, CEO Matt Williams and his team soon realized that while it could make the marketplace work, it couldn’t guarantee that the homeowners would have a good experience.

Now it has its own teams in place in cities in Washington state and California, including carpenters, electricians and project managers. The company also works with a group of pre-screened sub-contractors to help with projects, if needed.

Pro.com can typically generate quotes much faster than its competitors — due to the company’s use of technology and its analysis of local prices — and the plan is to introduce same-day/next-day quotes soon. The company also uses its mobile apps to manage its staff, capture updates from its work sites and generate invoices.

“With their end-to-end virtual contractor service, Pro.com is fundamentally changing the consumer experience when engaged on a home improvement project, from first touch on estimation to the last day of inspection and sign off,” DFJ’s Bill Bryant said. “No more stress — just a beautiful kitchen delivered on time, on budget!”

While Williams didn’t want to reveal where Pro.com will launch next, he said that the company’s focus right now is on the West Coast and that he plans to use the additional funding to launch in at least 10 new cities within the next year or so.

“We have been a company that has been heads-down focused for the last two years after the last round of funding,” Williams said. “That brought us to this product/market fit. We have been growing over the last year with this model and realized this is working — and working well. Now, we can penetrate a new market quickly.”

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