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

Constructor Overview

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

United StatesSan Francisco, CA

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

Constructor valuation by funding round
DateStageValuation
Jun 2024Series 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

Constructor funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2024Series BSapphire Ventures (lead); Alarko Ventures; Silversmith Capital Partners$25M$550MConstructor 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 2021Series ASilversmith 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 2017SeedZetta Venture Partners (lead); Signia Venture Partners$5M--
Jan 2016SeedTikhon 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

Investors in Constructor by funding rounds participated
InvestorHQRoundsRoleFirst check
Silversmith Capital PartnersUnited StatesBoston, MA2LeadSep 2021
Zetta Venture PartnersUnited StatesSan Francisco, CA1LeadOct 2017
Signia Venture PartnersUnited StatesSan Francisco, CA1ParticipantOct 2017
Jason FingerUnited StatesNew York City, NY1ParticipantSep 2021
Vinay HiremathUnited StatesNew York City, NY1ParticipantSep 2021
Tikhon BernstamUnited StatesSan Francisco, CA1ParticipantJan 2016
Alarko VenturesTurkeyIstanbul1ParticipantJun 2024
Adam RiggsUnited StatesWashington, DC1ParticipantJan 2016
S2 CapitalUnited StatesDallas, TX1ParticipantJan 2016
Scribble VenturesUnited StatesSan Francisco, CA1ParticipantSep 2021
Chris FischerUnited StatesNew York City, NY1ParticipantJan 2016
Fusion FundUnited StatesSan Francisco, CA1ParticipantJan 2016
Sapphire VenturesUnited StatesAustin, TX1LeadJun 2024

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Constructor Competitors

Constructor competitors include listed companies like ODDITY Tech and Rezolve AI, and private ones like Listen Labs, Skai, Cortex and DataStory.

Public and private companies comparable to Constructor
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ODDITY TechUnited StatesUnited StatesPublicly listed$810M$131M$889M1.8x
Rezolve AIUnited KingdomUnited KingdomPublicly listed$47M($109M)$950M4.0x
Listen LabsUnited StatesSan Francisco, CAPrivate$10M-$500M-
SkaiIsraelIsraelPrivate--$480M-
CortexUnited StatesSan Francisco, CAPrivate--$470M-
DataStoryChinaGuangzhouPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Latent View Analytics$111M$27M4.4x4.0x17.8x18.2x
ExaWizards$77M$13M6.6x5.7x39.3x-
Claritev$965M$466M5.4x5.2x11.2x8.5x
Plus Alpha Consulting$110M$36M4.2x3.8x12.9x9.4x
THG$2.3B$133M0.5x0.5x9.2x9.7x
Intelligo Technology$50M$20M8.4x8.4x20.8x-
Baida Group Co$31M$9M13.6x-45.2x-
Happiest Minds Technologies$241M$43M2.0x1.9x11.5x10.7x

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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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