Consolidation in the preconstruction space.
TradeTapp, an analytics platform for evaluating subcontractor risk, has been acquired by SF-based BuildingConnected, a platform for real estate owners and general contractors to hire subcontractors. Terms of the transaction were not disclosed. “BuildingConnected’s industry-leading platform further innovates the way construction gets done, and we’re excited to deliver our product to its expansive network, said Justin Levine, CEO and cofounder of TradeTapp”
Levine cofounded TradeTapp in 2016 with James Blouin and Neil Tan. The startup had raised $500K in funding from a sole undisclosed investor in February of this year. BuildingConnected was founded in 2012 by Dustin DeVan and Jesse Pedersen and is venture backed. Raising $52.7M in funding over four funding rounds, BuildingConnected counts Lightspeed Venture Partners, Crosslink Capital, Freestyle Capital, Homebrew, Bee Partners, Brick & Mortar Ventures, Kiddar Capital, Zachary Aarons, Darren Bechtel, Kris Gale, and Eric Schiermeyer among its investors.
“Construction has been historically underserved by technology, and with the addition of TradeTapp, BuildingConnected is truly the only all-in-one solution for the entire preconstruction process,” commented DeVan on the transaction. This is the first acquisition for BuidingConnected.
It appears as though the TradeTapp name will still be in use as a product of BuildingConnected. There’s no word on the status of the TradeTapp team.