GoContractor
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GoContractor - overview
Established
2012
Location
Dublin, -, Ireland
Primary Industry
Software
About
GoContractor is a digital solutions provider based in Ireland, specializing in construction onboarding and subcontractor safety management, enhancing operational efficiency through its innovative platform. Founded in 2012 in Dublin, Ireland, GoContractor, previously known as Induction Manager Ltd. , focuses on streamlining the onboarding processes in the construction sector. The company recently secured USD 5.
000 mn in a Series A funding round, with ACT Venture Capital and several other investors. In July 2024, Safeco, Inc. , a portfolio company of LoneTree Capital, acquired GoContractor, although financial terms were not disclosed. CEO Steve Chunias now leads the company, which has completed a total of 6 deals since its inception.
GoContractor specializes in digital solutions designed for construction onboarding and subcontractor safety management. The primary product, the GoContractor Connect app, facilitates the onboarding process by allowing general contractors to manage various aspects such as worker registrations, safety training, and compliance documents seamlessly online. The platform caters to an array of users, including general contractors, construction crews, and safety professionals, primarily serving markets in the United States, Canada, the United Kingdom, and Ireland. In the most recent fiscal year of 2021, GoContractor reported a revenue of USD 3,025,023.
80 and an EBITDA of USD 438,081. 50. The company's revenue is generated through subscription-based pricing tailored to the requirements of general contractors and their subcontractors, allowing for predictable revenue streams. Following the acquisition by Safeco, Inc.
in July 2024, GoContractor aims to enhance its business offerings and refine its hiring processes. The recent funding will be utilized to further streamline operations and expand into new markets. Specific targets for expansion include a broader reach across Europe and North America, with plans to enhance the GoContractor Connect app's features to better serve the industry's evolving needs.
Current Investors
Safeco, Inc., ACT Venture Capital, Delta Partners
Primary Industry
Software
Sub Industries
Education & Training Services, Education & Training Software, Engineering Software, HR & Workforce Software
Website
www.gocontractor.com
Verticals
Cloud Computing, EdTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
GoContractor - timeline of key events
GoContractor - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 411,807 | 1,646,544 | 2,437,084 | 1,678,909 | 2,188,423 | - | - | - |
| % Revenue Growth (YoY) | - | 299.8% | 48.0% | (31.1%) | 30.3% | - | - | - |
| EBITDA (USD) | 52,544 | 150,641 | 237,366 | 233,657 | 318,603 | - | - | - |
| Operating Income (USD) | 37,437 | 135,263 | 221,554 | 217,844 | 289,837 | - | - | - |
| Operating Margin | 9.1% | 8.2% | 9.1% | 13.0% | 13.2% | - | - | - |
| % EBITDA Margin | 12.8% | 9.1% | 9.7% | 13.9% | 14.6% | - | - | - |
| NET Income (USD) | 31,963 | 113,561 | 190,445 | 189,260 | 247,217 | - | - | - |
| % Net Margin | 7.8% | 6.9% | 7.8% | 11.3% | 11.3% | - | - | - |
GoContractor - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | GoContractor | - |
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GoContractor - employee data
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