Vancouver's BuildDirect announced this morning that it has raised a $30 million Series B round led by Mohr Davidow Ventures and supported by Canadian investors including existing investor, BDC Venture Capital.
BuildDirect sells building materials at manufacturer-direct prices for DIY home improvement projects and will put the funds toward building out its technology platform, expanding its product offerings, and growing its employee base.
Founded in 1999, BuildDirect has seen over 100% user growth in the last year and has raised a total of $63 million in funding to date.
“Despite its multi-billion dollar size, the home improvement product supply chain is fragmented and inefficient. In the past several years, BuildDirect has achieved phenomenal growth by effectively leveraging sophisticated predictive analytics to address gaps and inefficiencies in the home improvement products industry,” said Katherine Barr, General Partner, Mohr Davidow Ventures. “With this latest round of funding, BuildDirect is well poised to fulfill its goal of transforming the home improvement industry by leveraging its innovative data analytics and technology platform.”
BuildDirect is currently hiring in Vancouver on the Techvibes Job Board.