TLDR:
- Clearstory, a construction change order communication platform, raised $16M in Series B funding.
- The funding round was led by Prudence and included participation from existing investors.
Clearstory, a Walnut Creek, CA-based provider of a construction change order communication platform, has closed a $16M Series B funding round. The funding, led by Prudence and with participation from Industry Ventures and existing investors including Jackson Square Ventures, Building Ventures, GS Futures, and Cloud Apps Capital Partners, brings the total amount raised to $16M. The company plans to use the funds to scale its platform and bring on talent to drive growth and innovation. Clearstory, led by CEO Cameron Page, aims to empower construction business processes with its change order communication tool, offering trust and transparency. The platform helps general contractors reduce risk, specialty contractors get paid faster, and teams make financial decisions through access to real-time data in one centralized location. Additionally, the platform reduces administrative burden through automation and integrations with various construction technology platforms like Procore, Autodesk, and HCSS. Clearstory boasts 13 of the 25 largest general contractors in North America as customers, including industry leaders such as Suffolk, Clayco, Barton Malow, Swinerton, and Kone Elevators. This latest funding round positions Clearstory for continued growth and innovation in the construction industry.
