BuildVision, a commercial construction procurement platform, announced it closed on a $10 million Series A round of funding led by Norwest Venture Partners with participation from existing investor Crosslink Capital. This funding round raises the funding to $13.8 million.
BuildVision will utilize this round to accelerate development of its cloud-native procurement platform with new product and engineering hires, drive greater artificial intelligence (AI)-powered automation, expand adoption among the top 100 ENR contractors, and grow build supplier and OEM partnerships.
Contractors traditionally depend on local subcontractors and distributors to source and procure engineered building systems—a fragmented, relationship-driven process that adds unnecessary markups and delays. And BuildVision eliminates inefficiencies by connecting contractors directly with manufacturers and suppliers on a single, cloud-native platform.
By transforming relationship-based procurement into a data-driven process, BuildVision provides contractors greater control, cost transparency and a faster path to market. With BuildVision, contractors can:
— Cut costs by up to 20% and accelerate procurement – Improve lead times and eliminate unnecessary mark-ups with direct sourcing
— Strengthen supplier collaboration – Manage relationships and negotiations at scale
— Maximize margins – Leverage aggregated demand for better pricing.
— Gain real-time visibility – Instantly track RFQ statuses and procurement progress
— Ensure on-time deliveries – Improve coordination across multiple job sites
BuildVision centralizes procurement for strategic building systems such as chillers and switchgear by bringing all stakeholders onto a single platform to source, purchase, and track equipment in real time. And as the platform expands, BuildVision is evolving into a full-service procurement hub, integrating financing, logistics, and supplier performance tracking to drive industry-wide standardization.
KEY QUOTES:
“Construction is one of the largest industries still plagued by inefficient, manual procurement. BuildVision is tackling this head-on with a digital-first platform that brings structure, transparency and automation to a historically fragmented process. BuildVision offers a unique value proposition that helps contractors simplify the procurement process, offering more visibility, which drives down costs, reduces risk and speeds up construction timelines. We look forward to working with the team as they position BuildVision to become the dominant player in the multi-billion enterprise construction software market.”
- Sean Jacobsohn, partner at Norwest Venture Partners, who will join BuildVision’s board
“Construction procurement is broken. By revolutionizing how every component is sourced, purchased and financed, BuildVision is not just building software—we’re creating a network that fundamentally changes how $300 billion in building systems are procured annually. Our latest round of funding enables us to accelerate adoption and help more contractors make smarter, faster procurement decisions—reducing costs, improving project profitability and reducing risk across the supply chain.”
- Mike Powers, CEO of BuildVision
“BuildVision has fundamentally changed how we source and procure mechanical and electrical systems. The ability to view projects across our vast geographic reach, compare quotes, track procurement across projects and engage directly with suppliers has transformed our service offering to our clients, bringing much more control over products, lead-times and cost.”
- David Hamilton, Senior Vice President, Construction Procurement Solutions, a procurement firm backed by STO Building Group, a privately-owned, $12 billion family of top-tier builders headquartered in New York City
“Procurement in the construction industry is antiquated and inefficient. Technology-enabled platforms like BuildVision represent the future. Trane is excited to be part of this transition.”
- Jeremy Lee, General Contractor Program Leader, Trane Technologies
