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- Constructor
Constructor Valuation, Funding & Investors
Constructor is valued at $550M as of June 2024.
Last Constructor valuation
$550M
Series B · Jun 2024
Last Constructor funding round
$25M
Series B · Jun 2024
Cumulative funding Constructor raised
$86M
across 4 funding rounds
Key investors in Constructor
Silversmith Capital Partners
Sapphire Ventures
Zetta Venture Partners
Fusion Fund
Scribble Ventures
Signia Venture Partners
About Constructor
Constructor is a San Francisco-headquartered provider of AI-driven search and product discovery for enterprise eCommerce. The platform employs natural language processing and machine learning for search, recommendations, autosuggest, and quizzes, serving brands like Sephora, American Eagle, and Birkenstock. Founded in 2015, its remote workforce spans multiple countries and delivers revenue optimization across retail sites.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$550M (Jun 2024)
Constructor Valuation
Constructor is currently valued at $550M, based on its Series B in June 2024.
The $25M round was led by Sapphire Ventures, with participation from Alarko Ventures and Silversmith Capital Partners.
Constructor valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2024 | Series B | $550M |
Constructor Funding History
Constructor has raised a total of $86M across 4 funding rounds.
Constructor's first fundraising round was a $1M seed round in January 2016. The most recent completed round was a $25M Series B in June 2024.
Constructor funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2024 | Series B | Sapphire Ventures (lead); Alarko Ventures; Silversmith Capital Partners | $25M | $550M | Constructor is a San Francisco-based AI-powered product discovery and search platform designed for enterprise e-commerce companies, leveraging clickstream-based AI to optimize product discovery, search, and personalized shopper experiences by capturing shopper intent beyond keyword matching. The company secured a $25 million Series B funding round on June 17, 2024, led by Sapphire Ventures with participation from existing investor Silversmith Capital Partners, tripling its valuation to $550 million and bringing total funding raised to over $85 million since its 2021 Series A. This marks a significant milestone, with Sapphire Ventures partner Rajeev Dham joining the board, highlighting Constructor's proven ROI for clients and its state-of-the-art AI technology in a competitive e-commerce landscape. The new capital will accelerate product development and innovation in AI ecommerce search, further enhancing capabilities that deliver substantial improvements in e-commerce metrics like revenue growth for household enterprise brands. Constructor plans to continue its rapid international expansion, particularly into Europe, to build more functionality and drive value for global customers. CEO and co-founder Eli Finkelshteyn emphasized that the funding is a symptom of customer success, with AI at the core enabling better search and discovery experiences. Silversmith Capital Partners, an existing backer, expressed enthusiasm for Constructor's innovation and growth trajectory post-initial investment. Sapphire Ventures, managing over $10 billion in assets, sees Constructor leading a shift in software toward business results through hyper-personalized experiences. |
| Sep 2021 | Series A | Silversmith Capital Partners (lead); Jason Finger; Vinay Hiremath; Scribble Ventures; David Heath; Robyn Peterson; Seth Shaw; Melody Hildebrant; Cap Table Coalition; David Fraga; Carl Sparks; Ryan Barretto | $55M | - | Constructor (constructor.io) is an AI-powered search and product discovery platform for enterprise ecommerce companies, optimizing revenue through personalized shopper experiences. It powers billions of shopper interactions annually and serves major retailers including Sephora, Backcountry, Bonobos, American Eagle, and Target Australia. Founded in 2015 by Eli Finkelshteyn and Dan McCormick, the company focuses on outperforming in-house search solutions with superior ROI, generating consistent 10x lifts for customers. On September 15, 2021, Constructor raised a $55M Series A funding round led by Silversmith Capital Partners, with participation from investors including Cap Table Coalition and others. The round followed record 233% YoY revenue growth and more than tripling ARR year over year, enabling expansion in product discovery capabilities for online retailers. Silversmith highlighted Constructor's unmatched search and discovery platform for enterprise retailers. Later developments include a $25M Series B on June 17, 2024, with the company nearly tripling valuation to $550M since the 2021 Series A, alongside continued revenue doubling and customer growth. Constructor reported strong traction across apparel, grocery, cosmetics, and other sectors, with global expansion and headcount increases. |
| Oct 2017 | Seed | Zetta Venture Partners (lead); Signia Venture Partners | $5M | - | - |
| Jan 2016 | Seed | Tikhon Bernstam; Adam Riggs; S2 Capital; Chris Fischer; Fusion Fund; Jason Davis | $1M | - | - |
Who has invested in Constructor?
22 investors have backed Constructor across its funding rounds, including Silversmith Capital Partners, Sapphire Ventures, Zetta Venture Partners, Fusion Fund, Scribble Ventures and Signia Venture Partners.
Lead investors include Sapphire Ventures, Silversmith Capital Partners and Zetta Venture Partners.
Constructor Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Sep 2021 | ||
| 1 | Lead | Oct 2017 | ||
| 1 | Participant | Oct 2017 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Jan 2016 | ||
| 1 | Participant | Jun 2024 | ||
| 1 | Participant | Jan 2016 | ||
| 1 | Participant | Jan 2016 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Jan 2016 | ||
| 1 | Participant | Jan 2016 | ||
| 1 | Lead | Jun 2024 | ||
This data is available for Pro users. Sign up to see all 22 Constructor investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialConstructor Competitors
Constructor competitors include listed companies like ODDITY Tech and Rezolve AI, and private ones like Listen Labs, Skai, Cortex and DataStory.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $810M | $131M | $889M | 1.8x | ||
| Publicly listed | $47M | ($109M) | $950M | 4.0x | ||
| Private | $10M | - | $500M | - | ||
| Private | - | - | $480M | - | ||
| Private | - | - | $470M | - | ||
| Private | - | - | $739M | - |
Constructor Public Comps
Constructor is still privately-owned, but its public comps include Latent View Analytics, ExaWizards, Claritev, Plus Alpha Consulting, THG, Intelligo Technology, Baida Group Co, Happiest Minds Technologies, Vtex and Hanwang Technology Co.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $111M | $27M | 4.4x | 4.0x | 17.8x | 18.2x | |||
| $77M | $13M | 6.6x | 5.7x | 39.3x | - | |||
| $965M | $466M | 5.4x | 5.2x | 11.2x | 8.5x | |||
| $110M | $36M | 4.2x | 3.8x | 12.9x | 9.4x | |||
| $2.3B | $133M | 0.5x | 0.5x | 9.2x | 9.7x | |||
| $50M | $20M | 8.4x | 8.4x | 20.8x | - | |||
| $31M | $9M | 13.6x | - | 45.2x | - | |||
| $241M | $43M | 2.0x | 1.9x | 11.5x | 10.7x | |||
This data is available for Pro users. Sign up to see all Constructor competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Constructor
| When was Constructor founded? | Constructor was founded in 2015. |
| Where is Constructor headquartered? | Constructor is headquartered in San Francisco, CA, United States. |
| Is Constructor publicly listed? | No, Constructor is a private, VC-backed company. |
| What is Constructor's valuation? | Constructor was last valued at $550M in its Series B in June 2024. |
| How much funding has Constructor raised? | Constructor has raised $86M across 4 funding rounds. |
| What was Constructor's last funding round? | Constructor's last funding round was a $25M Series B in June 2024, led by Sapphire Ventures. |
| Who are Constructor's investors? | Constructor's investors include Silversmith Capital Partners, Zetta Venture Partners, Signia Venture Partners, Jason Finger, Vinay Hiremath, Tikhon Bernstam, Alarko Ventures, Adam Riggs, S2 Capital, Scribble Ventures and 12 others. |
| Which companies are comparable to Constructor? | Companies comparable to Constructor include ODDITY Tech, Rezolve AI, Listen Labs, Skai, Cortex and DataStory. |
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