CompanyCam - $30M Series B Funding

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CompanyCam Raises $30M in Series B Funding Round to Help Contractors Document Jobs, Communicate with Crews, and Cover Their Butts

CompanyCam, the Lincoln-based photo documentation and communication app for contractors, announced today the close of a $30 million Series B round led by New York-based global private equity and venture capital firm Insight Partners. Other investors in this round included JMI Equity and WndrCo.

With a growing base of over 100,000 users, this investment comes as CompanyCam celebrates its sixth year in business. CompanyCam will use the funds to accelerate rapid growth, expand product functionality, and build up the in-house and remote teams to meet consumer demand. CompanyCam continues to work on releasing new features, refining the core product, and growing—both its user base and company.

"Simply put, this capital will be fueling CompanyCam's ability to grow aggressively into new markets by doubling down on proven strategies as well as expanding our approach to go-to-market," Founder and CEO of CompanyCam, Luke Hansen said. "It will also allow us to serve our current markets even better with new and enhanced functionality."

"Photo documentation is a critical pain point faced by contractors today and CompanyCam seamlessly addresses this problem with its intuitive technology," said Matt Koran, Vice President at Insight Partners. "The industry-specific and first-hand knowledge of CompanyCam's management stands out within the market and we look forward to partnering with the company as they continue to grow." Matt Koran will join CompanyCam's board.