Procore: CEO History

Procore Technologies, Inc. (NYSE: PCOR) is the world's leading provider of cloud-based construction management software, headquartered in Carpinteria, California. Founded in 2002 by software engineer and general contractor Craig "Tooey" Courtemanche, Procore pioneered the digital transformation of the trillion-dollar global construction industry. Historically, construction projects suffered from severe information silos, reliance on paper blueprints, costly rework, and fragmented communication between project owners, general contractors, and specialty subcontractors. Procore solved these existential challenges by engineering an all-in-one cloud platform that unifies project execution, financial management, resource management, and preconstruction estimating. Operating on a modern multi-tenant SaaS architecture, Procore connects field workers via ruggedized mobile devices directly to back-office project managers and architects in real time. The platform processes over $1 trillion in annual construction volume, serving more than 16,000 customer organizations and millions of registered users across 150+ countries. Under Courtemanche's continued leadership as Chairman and CEO, Procore went public on the New York Stock Exchange in May 2021, scaling revenues past $1.14 billion while expanding its App Marketplace into an ecosystem of over 500 partner integrations.

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%.