Joist Inc.

Joist Inc. specializes in software solutions for contractors, providing tools that enhance project management, invoicing, and payment processing across various trades such as plumbing and electrical work. Founded in 2011, Joist Inc. is headquartered in Toronto, Canada, and develops software tailored for contractors.

The company's founders, Michael Gauthier and Tasos Vasiliadis, have experience in the industry that supports their entrepreneurial ventures. In 2015, Joist raised seed funding from Accomplice and Matrix Partners, marking its debut in the investment landscape. Joist offers a comprehensive suite of software solutions tailored specifically for contractors across various industries, including plumbing, electrical, roofing, HVAC, and general contracting. The core product is an all-in-one app that facilitates the creation of detailed estimates, professional invoices, and direct payment collection from clients, ensuring contractors can manage projects seamlessly from both mobile devices and web platforms.

These solutions streamline operational tasks, allowing contractors to focus on their core work. Joist's products are beneficial for contractors looking to enhance efficiency and improve client interactions, featuring integration with QuickBooks Online for automated bookkeeping and options for homeowners to finance projects. Joist serves a diverse client base across North America, empowering contractors in both urban and rural markets. Joist generates revenue primarily through subscription-based pricing plans, including Joist Basics, Joist Pro, and Joist Elite.

The transaction structure is built around recurring subscriptions, providing users access to various features based on their selected plan. Contractors subscribe according to their needs, from basic estimate and invoice generation to advanced client management and financing options. The pricing accommodates both smaller contractors and larger firms, allowing scalability as business needs grow. Joist's platform supports multiple payment methods, enhancing cash flow for contractors.

Joist plans to utilize funding raised in 2015 to enhance product offerings and expand into new markets. Upcoming products are being designed to further streamline operations for contractors. The company is targeting geographic expansion into the U. S.

market by the end of 2024, aiming to strengthen its presence in urban areas. The funds will be directed towards product development and marketing initiatives to support this growth.