BuildZoom

BuildZoom is a platform that connects homeowners and businesses with local general contractors, streamlining the process of selecting and hiring contractors for construction projects. Founded in 2012 by David Petersen and Jiyan Wei, BuildZoom is based in Scottsdale, US. The company focuses on facilitating connections between clients and contractors for construction projects. Following its founding, BuildZoom secured funding through four deals, with the most recent being a Series A round on September 18, 2015, where it raised USD 10.

6 mn led by Formation 8, with additional investments from Y Combinator and Founders Fund. The total amount raised by the company stands at USD 10. 6 mn, leading to a current valuation of USD 67. 39 mn.

BuildZoom primarily offers a platform that connects homeowners and businesses with local general contractors for construction projects. Their core service revolves around matching clients with contractors based on project specifics, budget, and personal preferences. Upon filling out a form detailing their project, clients receive consultation from BuildZoom project consultants who guide them through the selection process. This service addresses common challenges faced by clients, such as finding trustworthy contractors and comparing bids efficiently.

BuildZoom serves a diverse clientele, including homeowners, real estate developers, and commercial enterprises across various geographic markets in the United States, including major metropolitan areas such as San Francisco, New York City, Los Angeles, and Miami. BuildZoom's revenue model is centered around facilitating connections between clients and contractors, predominantly through a fee structure linked to the successful placement of contractors on projects. The company operates on a B2B model, where transactions occur directly between BuildZoom and the contractors listed on their platform. Clients benefit from personalized matches and insights, while contractors gain access to a broader pool of potential projects.

The revenue is generated through service fees charged to contractors for leads and job placements, which fosters a transactional environment focused on quality of service and client satisfaction. In October 2015, BuildZoom raised USD 10. 6 mn in Series A funding to support its growth strategies. The company plans to expand its product offerings and enhance its platform capabilities, although specific upcoming products have not been detailed.

Additionally, BuildZoom is targeting expansion into new geographical markets, with a focus on increasing its presence in regions beyond its current major metropolitan areas. The recent funding will be used to bolster these initiatives and facilitate market penetration.