BuildDirect.com Technologies Inc.
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BuildDirect.com Technologies Inc. - overview
Established
1999
Location
Vancouver, BC, Canada
Primary Industry
Internet
About
BuildDirect. com Technologies Inc. is a Canadian company specializing in providing high-quality flooring solutions directly to consumers and businesses, ensuring competitive pricing and a comprehensive selection of products. Founded in 1999, BuildDirect.
com Technologies Inc. operates from Vancouver, Canada, and focuses on direct sales of flooring products. The company has undergone strategic pivots to enhance its operations. Dan Park and Shawn Wilson serve as the CEOs.
The firm has raised a total of CAD 3. 000 million, with its most recent funding round, PIPE, occurring on August 30, 2022, and supported by investors including Beedie Capital, Lyra Growth Partners, and Pelecanus Investments. BuildDirect specializes in a diverse range of flooring products, including vinyl, wood, laminate, decking, tile, and carpet. Their solutions cater to homeowners, builders, and contractors, suitable for residential renovations and commercial applications.
The company is noted for its advanced waterproof flooring options and a customer-centric approach, offering free sample orders and expert advice for informed purchasing. In 2022, BuildDirect generated revenue of CAD 92,150,276, with an EBITDA of CAD 645,147. The company operates on a B2B and B2C model, serving both consumers and professionals in the construction industry by offering a wide variety of flooring products at competitive prices. BuildDirect plans to utilize the CAD 3 million raised in the PIPE round to advance its business strategy and for general working capital.
The company aims to enhance its product offerings and expand into new markets, although specific regions and product details are not disclosed. The funding will support these initiatives as they continue to develop their operations.
Current Investors
Mohr Davidow Ventures, Fidelity Investments, Beedie Capital
Primary Industry
Internet
Sub Industries
Construction, Logistics & Distribution, Internet
Website
www.builddirect.com
Verticals
E-commerce
Total Amount Raised
Subscriber access only
BuildDirect.com Technologies Inc. - timeline of key events
BuildDirect.com Technologies Inc. - financials
| Fiscal Year Ended | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|
| Revenue (USD) | 52,110,155 | 90,667,936 | - | - | - |
| % Revenue Growth (YoY) | - | 74.0% | - | - | - |
| EBITDA (USD) | (3,183,389) | (5,769,907) | - | - | - |
| Operating Income (USD) | (4,257,999) | (8,737,020) | - | - | - |
| Operating Margin | (8.2%) | (9.6%) | - | - | - |
| % EBITDA Margin | (6.1%) | (6.4%) | - | - | - |
| NET Income (USD) | (4,559,236) | (10,327,659) | - | - | - |
| % Net Margin | (8.7%) | (11.4%) | - | - | - |
BuildDirect.com Technologies Inc. - employee data
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