Levelset
2021
$500M
Procore
Construction Management SoftwareFounded 2002- HQ today: Carpinteria, California, United States
Reviewed by Swet Parvadiya
Company data updated: November 2026
Acquisitions
Procore Acquisitions
4
Major Deals Covered
$500M
Disclosed Deal Value
What are Procore's biggest acquisitions?
Procore's largest disclosed acquisition here is Levelset for $500 in 2021. This page covers 4 major deals from 2018 to 2021, each with its price where disclosed and the reason behind it.
- Major deals covered
- 4
- Largest deal
- Levelset ($500)
- First deal
- 2018
- Most recent
- 2021
| Company | Year | Price | Purpose |
|---|---|---|---|
| 2021 | Undisclosed | Automated construction lien rights management, payment compliance, and risk intelligence. | |
| 2020 | Undisclosed | Cloud-based estimating, takeoff, and digital bid package management for trade contractors. | |
| 2019 | Undisclosed | Capital planning, project management, and cost tracking software for real estate asset owners. | |
| 2018 | Undisclosed | Mobile 3D building information modeling visualization engine for jobsite superintendents. |
- What companies has Procore bought?
- Major acquisitions by Procore documented here include Levelset (2021), Esticom (2020), Honest Buildings (2019) and BIManywhere (2018).
- What is Procore's most recent acquisition?
- The most recent Procore acquisition documented here is Levelset, in 2021, for $500.
Esticom
2020
Honest Buildings
2019
BIManywhere
2018
Procore's Growth & Acquisition Strategy
Under CEO Tooey Courtemanche, Procore is executing an aggressive multi-dimensional growth strategy: (1) International Expansion: Expanding direct sales and localized products across Europe, Australia, New Zealand, Canada, and the Middle East, where construction digitization lags North America; (2) Deepening Financial Management & Fintech: Expanding Procore Pay, an automated lien waiver and payment processing solution that accelerates payment flows between general contractors and trade subcontractors, reducing payment disputes; (3) Scaling Procore Copilot Generative AI: Embedding autonomous AI agents across the platform to automatically synthesize RFIs, scan specifications for contract risks, and predict project schedule delays before they occur; and (4) Owners & Specialty Contractor Expansion: Driving specialized product adoption tailored for public infrastructure agencies, healthcare systems, and large specialty MEP contractors.
How Procore Makes Money
Procore operates a high-margin, scalable enterprise SaaS subscription business model tied directly to construction volume: (1) Fixed-Term Annual and Multi-Year Subscriptions: Unlike seat-based software models that penalize collaboration by charging per user, Procore charges customers based on their annual Construction Volume under management on the platform. This pricing structure incentivizes general contractors to invite every subcontractor, architect, and owner representative onto the platform for free, creating immense network effects; (2) Modular Product Suites: Procore monetizes across four core modules—Project Execution (drawings, RFIs, submittals, punch lists), Financial Management (job costing, budget tracking, change orders, billing integrations with ERPs like Sage and Viewpoint), Preconstruction (estimating, bid management), and Workforce Management (labor tracking, scheduling, safety compliance); (3) Procore App Marketplace & Developer Ecosystem: With over 500 third-party integrations, Procore acts as the central operating system for construction technology, monetizing premium API connections and enterprise data warehousing. Procore maintains subscription gross margins above 82% and an enterprise net retention rate exceeding 115%.
Procore Acquisitions FAQ
What is Procore's general approach to M&A and acquisitions?
Procore pursues a disciplined, strategic M&A approach focused on acquiring proprietary technologies, expanding customer distribution reach, and unlocking operational cost synergies rather than pursuing unselective scale.
What were some of the most transformative acquisitions completed by Procore?
Transformative transactions in Procore's history include pivotal mergers and acquisitions that secured key regional footprints, consolidated core market share, and brought proprietary software intellectual property in-house.
How does Procore successfully integrate acquired companies?
Procore deploys dedicated integration teams to harmonize core software stacks, align regulatory compliance systems, and unite company cultures while preserving entrepreneurial agility.
Does Procore divest non-core corporate assets?
Yes, Procore periodically evaluates its corporate portfolio, strategically divesting non-core or non-strategic assets to redeploy capital into high-margin core operational divisions.
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