Do-It-Yourselfer Site BuildDirect Secures $30 Million

BY: 

Dave Forde
January 27, 2014

Vancouver-based BuildDirect has closed a Series B round of financing this week led by by Mohr Davidow Ventures and supported by high profile Canadian investors including existing investor, BDC Venture Capital for a total of $30 million.  The additional funds will be used to further expand BuildDirect’s extensive product offerings and the rapid growing employee base.

“Despite its multi-billion dollar size, the home improvement product supply chain is fragmented and inefficient. In the past several years, BuildDirect has achieved phenomenal growth by effectively leveraging sophisticated predictive analytics to address gaps and inefficiencies in the home improvement products industry,” said Katherine Barr, General Partner, Mohr Davidow Ventures. “With this latest round of funding, BuildDirect is well poised to fulfill its goal of transforming the home improvement industry by leveraging its innovative data analytics and technology platform.”

Katherine will join the Board of Directors and add her technology leadership and business vision to BuildDirect.

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Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


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