Procore reportedly raises $150M but postpones IPO

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Procore reportedly raises $150M but postpones IPO

By Staff Report / Friday, May 1st, 2020 / Comments Off on Procore reportedly raises $150M but postpones IPO

Carpinteria construction software developer Procore reportedly raised another $150 million in venture capital as it postponed its planned IPO. Bloomberg News said on April 30 that the funds had come from D1 Capital Partners — the New York firm led by hedge fund manager Dan Sundheim — at a $5 billion valuation, citing anonymous sources. …

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