Contractor+
Collaborative platform and AI for contractors
$538,831
Highlights
Notable Angel
Raised $25k or more from a notable angel investor
Fast Growth
Revenue growing 2X/yr for at least prior 6 months
Investment Memo
An investor has written an Investment Memo
Featured Investors
KingsCrowd Capital is the first Data-Driven Fund in the Online Private Market.
kingscrowd.com“Contractor+ has built a robust solution priced for widespread adoption by these smaller general contracting firms. Today's major players in field service management are focused on selling to the massive general contracting players representing billions of dollars in revenue. There is a clear gap in the market that Contractor+ has managed to fill while still running a sustainable and growing business. Additionally, the founding team at Contractor+ has the perfect balance of technological exper...”
View Investment MemoHemdeep identifies and optimally scales startups that address existing pain points in legacy industries through technology, have the potential to become true platforms, and can significantly enhance the sustainability of those industries
“I have high confidence that my investment in this round can return at least a 10x within 5 years.* My confidence stems from a thorough due diligence process, which involved close collaboration with the founders to comprehend the roadmap, rigorous analysis of projections via a bottoms-up financial model, competitive landscape assessment, and proactive risk mitigation strategies.Key factors informing our analysis include:- Large and Growing Market ($60B+): The contractor industry presents a sizable and expanding market, with ample opportunities for growth. Even capturing a modest share of this market could propel Contractor+ to a $100M valuation. Additionally, the platform has the potential to address the industry's skilled labor shortage, further enlarging its market potential.- High Value Proposition: Contractor+ offers compelling value propositions to its target customers. The platform's tools deliver significant benefits at a low cost, translating to high ROI and minimal barriers to entry. Leveraging a strategic approach of hiring top talent in India at competitive salaries allows Contractor+ to maintain low overheads while delivering exceptional value until it has captured a significant share of the market.- Network Effect: The platform's network effect fosters exponential growth and establishes a formidable competitive advantage once critical mass is achieved. This virtuous cycle accelerates user adoption and engagement, enhancing Contractor+'s market position and sustainability.- Strong Founders: The founders possess extensive domain expertise and a track record of success in both the contractor industry and platform development. Their deep understanding of market dynamics, coupled with their entrepreneurial acumen, positions Contractor+ for long-term success. Furthermore, they have been operating in a scrappy manner and have achieved a lot with the small amount of capital raised so far.In summary, Contractor+ embodies a compelling investment opportunity, poised for substantial growth and market leadership. With a robust foundation, strong value proposition, and visionary leadership, I am confident in our ability to realize significant returns on our investment within a relatively short timeframe.**NOTE: Forward-looking projections cannot be guaranteed.”
Our Team
👷🏗️Redefining Construction: Join The Contractor+ Revolution
We owe the growth of Contractor+ to the support of our 2021 Wefunder investors!
Our team is lead by two Co-Founders who met in 2009 on Fiverr, when Justin needed help with an SEO pricing algorithm he was working on. Roshan helped complete the project, which was later acquired by WebDev.com. In 2013, Justin boarded a flight to Mumbai, and the duo have worked together ever since.
In an industry poised for transformation, Contractor+ stands at the confluence of innovation and necessity. The global construction market, a colossal entity valued at approximately USD 13.57 trillion in 2023, is on a trajectory to reach around USD 23.92 trillion by 2032, reflecting a robust growth forecast that Contractor+ is uniquely positioned to capitalize on.
Have questions before investing? Schedule a call,
Imagine a world where every contractor, regardless of their tech-savviness or financial constraints, can access state-of-the-art tools to bring efficiency, accuracy, and excellence to their projects. This is the world Contractor+ is building. With over 75,000 home improvement projects successfully managed to date, more than 800 (paying) businesses onboard, and a fast-growing community of 5,500 monthly active users, our platform is a testament to the transformative power of technology in an industry ripe for disruption. Our year-over-year growth of 152% is not just a number; it's a narrative of resilience, innovation, and the relentless pursuit of excellence.
At the heart of Contractor+'s mission is a commitment to serving the underserved. Our platform is more than a tool; it's a bridge connecting contractors to the digital era, empowering them with technology that was once out of reach. The construction industry, historically slow to adopt technology and sensitive to high prices, finds a haven in Contractor+, where next-level efficiency meets affordability.
We've projected a baseline MRR growth putting us around $53K MRR by the end of 2024, $175K MRR by the end of 2025, and the projections continue through 2028 at $535k MRR.
While our MRR growth projections are compelling, subscription revenue is only one pillar of our business model.
With our various revenue sources combined, we've projected $22.2M revenue at 75% gross margin and 33% NET margin by 2028.
The global spend on construction is a testament to the sector's mammoth potential, with the market expected to grow significantly from its current valuation. Within this vast expanse, Contractor+'s Total Addressable Market (TAM) stands at $60B, with a Serviceable Available Market (SAM) of $5B and a Serviceable Obtainable Market (SOM) of $307M. Our vision extends beyond market capture; it's about market expansion through a collaborative marketplace that not only addresses current needs but also anticipates future demands.
Innovation: Our Secret Sauce
What truly sets Contractor+ apart is our blend of operational finesse and technological innovation. Our platform, powered by local cost data and a patent-pending AI, transforms hours of manual work into minutes of seamless automation. By solving the day-to-day operational nuances and providing highly flexible estimation tools, we not only make contractors more efficient but also foster a collaborative marketplace that amplifies the network effect, setting the stage for Contractor+ to become the de facto standard in construction and field service management.
See Contractor+ In Action:
Our product today is already helping thousands of contractors manage and grow their businesses...
But then there's what we're BUILDING....
The world is rapidly changing for the better in the direction of the singularity. Soon, professionals will expect to be able to speak into their device and have everything done for them instantly. Tasks that once took hours to complete, now only take seconds. So we've filed a non-provisional utility patent in the US and India on our proprietary AI that will completely disrupt the estimation process for contractors (or the Tesla robot equivalent which we will 100% integrate with).
Join Us
Your investment in Contractor+ is an investment in a future where technology and collaboration reshape the construction industry, making it more efficient, inclusive, and sustainable. Together, we will build a legacy of innovation and impact. Have questions before investing? Schedule a call,
* The $100k in 12 months assumes we complete our target raise. If we raise our base raise, we've forecasted $50K MRR in the same period.
We've crunched the numbers and our financial model is crystal clear. With a base raise of $430K, we're solid. But to really knock it out of the park and fuel our ambitious growth, we're targeting $1.5M. This isn't just about keeping the lights on; it's about supercharging our platform, dominating the market, and delivering unmatched value to our contractors. We know exactly what we need, why we need it, and when to make it happen. Let's get to work and make this vision a reality.
Assuming the base raise of $430K, this is what our cash flow should look like over the next two years.
Our Customers ❤️ What We're Building
Scott Azure from Rands Mechanical said Contractor+ works great.
Brandon & Ashley Geiger from Rushville Restorations uses Contractor+
Josh Neeson said Contractor+ is the reason his business has been so successful.
Forward looking projections cannot be guaranteed.