Total amount raised
$12 Millions
Latest funding date
9/1/2022
Location
Roofr has successfully raised significant funding through multiple rounds, including a recent Series B. The platform offers a comprehensive suite of tools designed to streamline roofing business operations, from lead management to payment collection.
Keep reading to explore the details of Roofr's funding journey and the investors who are backing this innovative software platform.
What Is Roofr?
Founded in 2015, Roofr is based in San Francisco, California. The company was established by Kevin Redman and Richard Nelson.
Roofr offers an all-in-one software platform tailored for roofing businesses, integrating tools for lead management, instant estimates, proposals, and payments.
With a team of 101-250 employees, Roofr aims to revolutionize the roofing industry by providing high-quality workmanship and exceptional customer service.
How Much Funding Has Roofr Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Roofr's initial product offerings.
- Seed Round
- Amount Raised: $1M
- Date: August 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand the team.
- Convertible Note
- Amount Raised: Not publicly disclosed
- Date: September 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide additional working capital for ongoing projects.
- Seed Round
- Amount Raised: $3M
- Date: February 2019
- Lead Investors: Crosslink Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product features.
- Seed Round
- Amount Raised: $4.3M
- Date: May 2021
- Lead Investors: Bullpen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand market reach.
- Series A
- Amount Raised: $12M
- Date: September 2022
- Lead Investors: Vertical Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's capabilities and support customer acquisition.
- Series A
- Amount Raised: $23.5M
- Date: October 2023
- Lead Investors: Vertical Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and invest in new technology.
- Series B
- Amount Raised: Not publicly disclosed
- Date: January 2025
- Lead Investors: TCV, ABC Supply
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
Total Amount Raised: $43.8M
Current Valuation: Not publicly disclosed
Key Investors
- TCV
- Details: TCV is a leading growth equity firm with nearly three decades of experience. They have supported category-defining companies like Netflix, Spotify, and Facebook.
- Investment Focus Areas: Technology companies, vertical SaaS leaders, internet.
- Notable Investments: Netflix, Spotify, Facebook.
- ABC Supply
- Details: ABC Supply is a major distributor of roofing and building materials in the United States. They are known for their extensive network and industry expertise.
- Investment Focus Areas: Building materials, roofing supplies.
- Notable Investments: Primarily involved in acquisitions rather than venture investments.
- Crosslink Capital
- Details: Crosslink Capital is a venture capital firm that invests in early-stage and growth-stage technology companies. They have a strong track record in the tech industry.
- Investment Focus Areas: Technology, consumer, enterprise software.
- Notable Investments: Pandora, Ancestry.com, Coupa Software.
- Bullpen Capital
- Details: Bullpen Capital is a venture capital firm that focuses on post-seed funding. They help startups bridge the gap between seed and Series A rounds.
- Investment Focus Areas: Technology, consumer internet, enterprise software.
- Notable Investments: FanDuel, Ipsy, Namely.
- Vertical Venture Partners
- Details: Vertical Venture Partners is a venture capital firm that invests in companies with a focus on vertical markets. They provide strategic support to their portfolio companies.
- Investment Focus Areas: Vertical markets, technology, healthcare.
- Notable Investments: Toast, Clio, AxiomSL.
What's Next for Roofr?
Roofr is poised to capitalize on the growing demand for comprehensive roofing CRM solutions. With the recent Series B funding, the company plans to expand its team and accelerate the development of new features like canvassing, marketing, and job costing. This expansion presents a significant opportunity to enhance their platform and attract more users.
Future fundraising seems likely as Roofr continues to grow, backed by prominent investors like TCV and ABC Supply. However, the company will need to navigate challenges such as maintaining its strong culture and ensuring new features meet customer expectations. Competition in the roofing tech space also remains a hurdle.
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