Los Angeles-situated BuildOps, subcontracting software for real estate, allocates $5.8 million
Prerna Mahtani,
6 years ago
3 min read
Introduction
Software developing companies tackling services for recess industries, like commercial real estate subcontracting, proceed to find Los Angeles to be fruitful ground for development.
BuildOps Gets A New Investment
The newest company to raise funding from a link of investors is BuildOps, which allocated $5.8 million in seed funding from some big names in the Los Angeles tech ecosystem.
The round is being managed by Fika Ventures, with added investments from MetaProp VC, Global Founders Capital, CrossCut Ventures, TenOneTen, IGSB, 1984 Ventures, L2 Ventures, GroundUp.
Along with NBA all-star Metta World Peace, Oberndorf Enterprises, Wolfson Group, and scouts from Sequoia Capital, the new funding will be utilized to help the company’s continued growth.
BuildOps sells software that combines scheduling, dispatching, inventory supervision, agreements, and workflow.
Plus accounting into a unique software package for industrial real estate builders with staff ranging from a few dozen to many hundred employees.
Software for the service business is nothing unusual for Los Angeles contractors.
The unicorn ServiceTitan signals from the greater Los Angeles area and several additional software as service companies are calling the more significant Los Angeles space home.
Meet The Founders
Previous ServiceTitan developer Neeraj Mittal co-founded the firm, Microsoft, Nextag, Swurv, and Fundly former executive Steve Chew.
And Alok Chanani, who earlier established a commercial real estate company and was a retired commander of a transport unit of the Army in Iraq.
Chanani stated that at BuildOps, they are on a mission to make a true all-in-one solution on the newest technology to the people who keep America’s clinics, power plants, and industrial real estate running.
He also said that they are privileged to be operating jointly with some of the country’s top business contractors.
That view is echoed by Liquid 2 Ventures managing partner and then National Football League superstar, Joe Montana.
Montana said in a statement that Liquid 2 Ventures has investment research in helping America’s working class, and he loves the idea of shaping their lives far easier and better.
He further stated that there are extremely few world-class technology resolutions for commercial subcontractors like this, and they believe in the founders.
See Also: Dream Games allocates $7.5M seed to improve ‘high-quality’ puzzle games
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FAQs
1. What is BuildOps?
BuildOps is a software company that provides an all-in-one solution for commercial real estate subcontractors. The software combines features like scheduling, dispatching, inventory management, contracts, workflow, and accounting.
2. How much investment did BuildOps raise?
BuildOps secured $5.8 million in seed funding from investors, including Fika Ventures, MetaProp VC, and several others, including NBA star Metta World Peace.
3. What will BuildOps do with the new investment?
The new funding will help BuildOps continue its growth and expand its innovative software solutions for commercial real estate subcontractors.
4. Who are the founders of BuildOps?
BuildOps was co-founded by Neeraj Mittal, Steve Chew, and Alok Chanani. Neeraj Mittal was a developer at ServiceTitan, while Steve Chew and Alok Chanani have backgrounds in Microsoft and commercial real estate.
5. What industries does BuildOps serve?
BuildOps primarily serves commercial real estate contractors, focusing on sectors like clinics, power plants, and industrial real estate.
6. Why is Los Angeles a good location for BuildOps?
Los Angeles has a thriving tech ecosystem, and many software companies, like BuildOps, are finding success in the area. It offers a strong business environment and access to investors in the tech sector.
