FlyPaper Technologies, LLC

Flypaper Studio Inc. provides advanced software solutions that enhance project predictability and risk management for the construction industry through their primary product, Sherlock. Flypaper Studio Inc. specializes in providing construction software solutions to improve project management.

Founded in 2016 and headquartered in Phoenix, US, the company has undergone strategic shifts to focus on enhancing its software offerings. Nick Fredricks, the founder and current CEO, previously led initiatives in technology development before establishing Flypaper. In May 2025, Procore Technologies, Inc. , a portfolio company of D1 Capital Partners, Tiger Global Management, Dragoneer Investment Group, ICONIQ Capital, Oxygen Capital, Lead Edge Capital, Lumia Capital, Bessemer Venture Partners, Tech Coast Angels, and Persistence Partners, acquired FlyPaper Technologies, LLC from SC eLearning, LLC.

FlyPaper Technologies, LLC specializes in construction software solutions, primarily focusing on enhancing project predictability and risk management through its flagship product, Sherlock. Sherlock streamlines collaborative efforts within construction projects, simplifying the identification and management of clashes in design models, reducing the time to address coordination issues from hours to seconds. The software enables users to visually pinpoint clashes in plan views with intuitive graphics, enhancing workflow for draftsmen, BIM coordinators, and MEP project leads. Targeting a broad client base in the construction industry, including mechanical and electrical engineering firms, general contractors, and project management teams, FlyPaper markets its products in North America and is expanding into international markets.

FlyPaper Technologies engages in a subscription-based revenue model, offering access to their software solutions, particularly Sherlock, through tailored pricing plans. Clients typically enter into annual or multi-year agreements for uninterrupted access to updates, technical support, and new features. Transactional relationships exist primarily with construction firms and engineering companies, fostering long-term partnerships. Additionally, FlyPaper may employ tiered pricing structures based on the client organization's size or project scope, ensuring flexibility for users ranging from small firms to larger enterprises, which contributes to sustained revenue growth and client retention.

Looking ahead, Flypaper Studio Inc. is focused on expanding its product line and geographic reach. The company is developing new features for Sherlock aimed at enhancing user experience and improving functionality, with anticipated rollouts in the coming fiscal year. They aim to penetrate additional international markets to broaden their client base.

The May 2025 acquisition enables Procore Technologies, Inc. to enhance automated 3D design coordination and predictive clash detection within its building information modelling workflows.