BuildOps Revenue, Valuation, Funding & Investors
BuildOps is valued at $1B as of March 2025, a 19.2x multiple on its last reported $52M revenue.
Last BuildOps valuation
$1B
Series C · Mar 2025
Last BuildOps funding round
$127M
Series C · Mar 2025
BuildOps revenue
$52M
Series C · Mar 2025
Key investors in BuildOps
Fika Ventures
Founders Fund
Liquid 2 Ventures
N47
MetaProp
StepStone Group
About BuildOps
BuildOps is a Los Angeles-based software platform unifying field service management for commercial contractors handling HVAC, plumbing, and electrical work. It centralizes invoicing, scheduling, dispatching, and financial reporting in a mobile-first interface integrated with QuickBooks and Sage. The system tracks job progress in real-time, automates proposals and payments, and delivers analytics on technician performance and profitability. Deployed across thousands of service teams nationwide, BuildOps streamlines operations from job dispatch to closeout.
Founded
2018
HQ
Los Angeles, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$52M (Mar 2025)
Valuation
$1B (Mar 2025)
BuildOps Valuation
BuildOps is currently valued at $1B, based on its Series C in March 2025.
The $127M round was led by Meritech Capital Partners, with participation from Fika Ventures, 137 Ventures, N47, StepStone Group, Liquid 2 Ventures and 6 other investors.
BuildOps' valuation has grown 14x from $70M at its seed round in November 2019 to $1B in March 2025, across 2 priced rounds.
BuildOps valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2025 | Series C | $1B | 19.2x |
| Nov 2019 | Seed | $70M | - |
BuildOps Revenue
BuildOps' latest recorded revenue is $52M, as of its Series C in March 2025. At a $1B valuation, that implies a 19.2x revenue multiple.
BuildOps revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Mar 2025 | $52M | $1B | 19.2x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
BuildOps Funding History
BuildOps has raised a total of $226M across 4 funding rounds.
BuildOps' first fundraising round was a $6M seed round in November 2019. The most recent completed round was a $127M Series C in March 2025.
BuildOps funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2025 | Series C | Meritech Capital Partners (lead); Fika Ventures; 137 Ventures; N47; StepStone Group; Liquid 2 Ventures; Titanium Ventures; Founders Fund; 01 Advisors; B Capital; SE Ventures; Bond | $127M | $1B | BuildOps, a Santa Monica-based SaaS company founded in 2018, provides an AI-powered field service management platform for commercial contractors in HVAC, plumbing, mechanical, electrical, fire and life safety, and facility management. The platform integrates service and project management, scheduling, dispatching, invoicing, payroll, CRM, accounting, asset tracking, and service agreements to streamline operations, reduce administrative tasks, and boost profitability for over 1,000 customers across the U.S. and Canada. On March 21, 2025, BuildOps raised $127 million in a Series C funding round led by Meritech Capital Partners, achieving a post-money valuation of $1 billion and unicorn status. Participants included Bond Capital, SE Ventures (Schneider Electric), and existing investors such as Fika Ventures, Next47 (N47), StepStone Group, and Titanium Ventures, with mentions of others like 01 Advisors, 137 Ventures, B Capital, Founders Fund, and Liquid 2 Ventures aligning with the queried list. This round more than doubled the company's prior valuation from a $50 million Series B in 2023 plus a $36 million top-up, bringing total funding to over $226-250 million. The capital will fund headcount expansion (currently ~375 employees, up 50% YoY), product enhancements like AI-powered scheduling, predictive maintenance, live project tracking, API architecture improvements, and strategic acquisitions. BuildOps is not yet profitable, prioritizing aggressive scaling in the underserved commercial services software market. Positioned as the largest commercial contractor platform, BuildOps addresses fragmentation in construction tech by unifying disparate tools for field technicians, dispatchers, and managers, amid VC caution in proptech favoring proven revenue and leadership. Investors highlight its transformative impact on contractor operations and financial performance. |
| May 2023 | Series B | 01 Advisors (lead); Fika Ventures (lead); MetaProp | $50M | - | BuildOps is an all-in-one vertical software platform designed specifically for modern commercial contractors, integrating field service management, project management, scheduling, invoicing, and accounting to streamline operations for industries like HVAC, plumbing, electrical, mechanical, and fire safety. On May 18, 2023, the Los Angeles-based company raised $50 million in additional funding led by Fika Ventures and 01 Advisors, with Dick Costolo joining the board. This round brought total funding to over $100 million from investors including Next47, Founders Fund, B Capital Group, and others. The capital aims to fuel explosive growth and position BuildOps as the market leader in commercial specialty contracting. The company has demonstrated triple-digit growth rates over several years, impressing investors with its traction in transforming the fragmented construction and commercial contractor industry plagued by outdated practices and inefficiencies. BuildOps addresses pain points like increased costs, delayed timelines, and poor customer satisfaction through its cloud-based SaaS model serving sophisticated enterprises and private equity-backed contractors. Dick Costolo highlighted the platform's essential role, comparing its potential to hyper-growth experiences at Twitter. In March 2025, BuildOps raised $127 million in a Series C led by Meritech Capital at a $1 billion post-money valuation, achieving unicorn status and bringing total funding over $250 million. This later round valued the company more than double its previous valuation and included new investors like BOND Capital and SE Ventures alongside Fika Ventures and others, with plans for AI enhancements, headcount expansion, and acquisitions. |
| May 2022 | Series A | N47 (lead); Fika Ventures; StepStone Group; Liquid 2 Ventures; 1984 Ventures; Global Founders Capital; MetaProp; Founders Fund; Stephen Stokols; Olive Technology Ventures; Metta World Peace | $43M | - | BuildOps is an all-in-one management software platform designed specifically for modern commercial service and specialty trade contractors, including HVAC, plumbing, electrical, fire/life safety, and other trades. It provides a unified solution for service management, project management, dispatching, and financial operations, replacing fragmented tools and manual workflows to handle jobs from quote to close. Founded in 2018 by U.S. Army veteran Alok Chanani, the company serves over 1,000 leading commercial MEP contractors across North America. On May 24, 2022, BuildOps raised $43 million in a Series A round with investors including 1984 Ventures, Fika Ventures, Founders Fund, Global Founders Capital, Liquid 2 Ventures, MetaProp, Metta World Peace, N47, Olive Technology Ventures, Stephen Stokols, and StepStone Group, led by N47. BuildOps has continued to grow post-2022, raising additional capital including a $127 million Series C in 2025 led by Meritech Capital Partners at a $1 billion valuation, bringing total funding to approximately $273 million. The company expanded offices in Raleigh and Los Angeles, grew its team, and received recognitions such as Forbes America's Best Startup Employers, Inc. 5000 ranking, and Built In's Best Places to Work. The commercial contractor software market remains competitive, with BuildOps positioning itself as mission control for large-scale service and construction operations. |
| Nov 2019 | Seed | Fika Ventures (lead) | $6M | $70M | BuildOps is a management software platform built specifically for commercial contractors and commercial services contractors. Founded in 2018, the company provides AI-powered field service management software designed to improve efficiency and profitability for contractors in HVAC, plumbing, mechanical, electrical, and fire and life safety across the U.S. and Canada. In November 2019, BuildOps raised $4.13 million in a Series Seed-5 round led by Fika Ventures alongside other investors including 1984 Ventures, Crosscut Ventures, Global Founders Capital, and others, achieving a post-money valuation of $69.79 million. The company's early traction demonstrated strong market demand for modernization in the commercial contracting space. By 2025, BuildOps had grown significantly, raising $127 million in Series C funding at a $1 billion post-money valuation and serving over 1,000 commercial contractor customers. |
Who has invested in BuildOps?
18 investors have backed BuildOps across its funding rounds, including Fika Ventures, Founders Fund, Liquid 2 Ventures, N47, MetaProp and StepStone Group.
Lead investors include Meritech Capital Partners, 01 Advisors, Fika Ventures and N47.
BuildOps Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Los Angeles, CA | 4 | Lead | Nov 2019 | |
| San Francisco, CA | 2 | Lead | May 2022 | |
| New York City, NY | 2 | Participant | May 2022 | |
| San Francisco, CA | 2 | Participant | May 2022 | |
| New York City, NY | 2 | Participant | May 2022 | |
| San Francisco, CA | 2 | Participant | May 2022 | |
| San Francisco, CA | 2 | Lead | May 2023 | |
| United States | 1 | Participant | Mar 2025 | |
| United States | 1 | Participant | May 2022 | |
| United States | 1 | Participant | Mar 2025 | |
 Berlin | 1 | Participant | May 2022 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Stephen Stokols | Los Angeles, CA | 1 | Participant | May 2022 |
| Los Angeles, CA | 1 | Participant | Mar 2025 | |
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Start Free TrialAcquisitions by BuildOps
BuildOps has acquired 2 companies to date.
Last acquisition by BuildOps was on December 9th 2025. BuildOps acquired Spover for undisclosed valuation.
Latest Acquisitions by BuildOps
| Pwsware | ||
| Description | Spover is a RevOps collaboration platform that designs CRM systems, automates workflows, and shares best practices to enhance team efficiency for sales and customer operations. | Pwsware is a software platform for HVAC and refrigeration service businesses, offering task management, refrigerant tracking, reporting, accounting, client web portals, and mobile field service applications. It enables access from any device, optimizing workflows for contractors handling commercial refrigeration systems. Pwsware integrates EPA compliance tracking for refrigerants like R-410A and R-134a, generates automated reports, and improves billing efficiency through real-time data synchronization across field teams and office staff. |
| HQ Country | | |
| HQ City | - | Fort Myers, FL |
| Deal Date | 9 Dec 2025 | 25 Jul 2023 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all BuildOps acquisitions and their M&A valuation multiples. Start Free Trial | ||
BuildOps Competitors
BuildOps competitors include listed companies like Glodon Co and Qt Group, and private ones like Buildots, SafetyCulture, Augury and COSMOplat.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Tel Aviv | Private | - | - | $1B | - | |
 Sydney | Private | $84M | - | $1.8B | 21.1x | |
 China | Publicly listed | $909M | $141M | $2.1B | 1.8x | |
| New York City, NY | Private | $100M | - | $1B | - | |
| Shanghai | Private | - | - | $1B | - | |
 Finland | Publicly listed | $249M | $62M | $969M | 3.9x |
BuildOps Public Comps
BuildOps is still privately-owned, but its public comps include Qt Group, Vitec Software, GuoChuang Software, Shenzhen Tianyuan Dic, PSI Software, Imdex, Breton Technology, Zwsoft, Shenzhen Sunwin and ZUKEN.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $249M | $62M | 4.3x | 3.9x | 17.3x | 16.0x | |||
| $371M | $151M | 3.7x | 3.5x | 9.1x | 9.0x | |||
| $220M | ($17M) | 4.8x | - | (60.4x) | - | |||
| $1.4B | $42M | 0.9x | - | 28.6x | - | |||
| $329M | ($7M) | 2.6x | 2.5x | (127.4x) | 51.0x | |||
| $370M | $94M | 3.7x | 3.6x | 14.6x | 11.4x | |||
| $116M | ($37M) | 7.1x | 4.7x | (22.1x) | (68.3x) | |||
| $133M | $12M | 7.4x | 6.9x | 79.9x | 49.1x | |||
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Common questions about BuildOps
| When was BuildOps founded? | BuildOps was founded in 2018. |
| Where is BuildOps headquartered? | BuildOps is headquartered in Los Angeles, CA, United States. |
| Is BuildOps publicly listed? | No, BuildOps is a private, VC-backed company. |
| What is BuildOps' valuation? | BuildOps was last valued at $1B in its Series C in March 2025. |
| How much funding has BuildOps raised? | BuildOps has raised $226M across 4 funding rounds. |
| What was BuildOps' last funding round? | BuildOps' last funding round was a $127M Series C in March 2025, led by Meritech Capital Partners. |
| Who are BuildOps' investors? | BuildOps' investors include Fika Ventures, N47, StepStone Group, Liquid 2 Ventures, MetaProp, Founders Fund, 01 Advisors, 137 Ventures, 1984 Ventures, Titanium Ventures and 8 others. |
| What is BuildOps' revenue? | BuildOps' latest recorded revenue is $52M (March 2025). |
| What is BuildOps' revenue multiple? | BuildOps' latest valuation implies a 19.2x revenue multiple ($1B valuation on $52M of revenue). |
| Which companies are comparable to BuildOps? | Companies comparable to BuildOps include Buildots, SafetyCulture, Glodon Co, Augury, COSMOplat and Qt Group. |
| How many companies has BuildOps acquired? | BuildOps has acquired 2 companies, including Spover and Pwsware. |
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