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.
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