Los Angeles-based BuildOps, subcontracting software for real estate, raises $5.8 million

INSUBCONTINENT EXCLUSIVE:
Software development companies tackling services for niche industries, like commercial real estate subcontracting, continue to find Los
Angeles to be fertile ground for development.The latest company to raise funding from a clutch of investors is BuildOps, which raised $5.8
million in seed financing from some big names in the Los Angeles tech ecosystem.Led by Fika Ventures, with additional investments from
MetaProp VC, Global Founders Capital, CrossCut Ventures, TenOneTen, IGSB, 1984 Ventures, L2 Ventures, GroundUp, NBA all-star Metta World
continued growth.BuildOps sells software that integrates scheduling, dispatching, inventory management, contracts, workflow and accounting
into a single software package for commercial real estate contractors with staff ranging from a few dozen to several hundred
employees.Software for the service industry is nothing new for Los Angeles entrepreneurs
The unicorn ServiceTitan hails from the greater Los Angeles area and a number of other software as a service businesses are calling the
Over the past three years, commercial construction spending grew from $626 billion to $807 billion, according to data provided by the
company
the fragmented group of subcontractors that provide services to those customers has remained resistant to adopting new technologies, the
company said.The firm was co-founded by former ServiceTitan developer Neeraj Mittal; Microsoft, Nextag, Swurv and Fundly former executive
Steve Chew; and Alok Chanani, who previously founded a commercial real estate company and was a former commander of a transportation unit of
You have one solution that does it all and talks seamlessly to every single part of their business from parts to ordering to inventory and