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.