TradeTapp, Inc.

TradeTapp, Inc. provides risk management solutions for the construction industry, connecting general contractors with reliable subcontractors to help mitigate project risks and enhance decision-making in contractor selection. Founded in 2015 and headquartered in Brooklyn, US, TradeTapp, Inc. specializes in risk management for the construction sector.

The company has completed 2 deals, with its most recent deal occurring on August 14, 2018, when it was acquired by BuildingConnected, Inc. Financial details of the acquisition remain undisclosed. TradeTapp has raised a total of USD 0. 50 mn through its SEED funding round.

TradeTapp specializes in risk management solutions tailored for the construction industry by providing a platform that connects general contractors with reliable subcontractors. The core offering enables users to proactively assess and mitigate project risks by leveraging a database of over one million construction professionals. This service addresses critical pain points such as ensuring contractor reliability, optimizing subcontractor selection, and facilitating the qualification process. The platform is designed to support general contractors, project managers, and construction firms, enhancing their ability to secure top-level subcontractors for various projects.

TradeTapp's products are primarily available in North America, focusing on urban construction markets where competition for subcontractors is high, thus ensuring that customers can make informed and strategic hiring decisions. TradeTapp generates revenue primarily through a subscription-based model, where clients pay for access to its risk management platform and its extensive database of subcontractors. This model allows general contractors to invite and qualify subcontractors, streamlining their hiring process and improving project completion rates. The company offers tiered pricing plans that cater to different business sizes and needs, with potential features that vary by subscription level.

Transactions typically occur on a recurring basis as clients renew their subscriptions, while additional services may be offered as add-ons to enhance user experience. This structure positions TradeTapp as a vital partner for construction firms looking to mitigate risk and ensure project success. In the future, TradeTapp aims to expand its offerings by launching new products, although specific release dates have not been disclosed. The company is actively considering market expansion strategies, targeting new urban construction markets across North America to bolster its presence by 2025.

The recent SEED funding round, concluded in August 2018, is expected to support these initiatives and enhance the development of its product offerings.