Contractor+

Collaborative platform and AI for contractors

https://wefunder.com/contractor

Total raised on Wefunder: 641675

Total investors: 491

Quick facts

  • $516K Annual Run Rate Revenue, 86%+ Gross Margins, 162% YoY growth
  • Multiple Revenue Streams: Subscriptions, Payment Facilitation, Financing, Insurance Referrals & more
  • $60B market opportunity with a CAGR of 19%, $13T annual construction spend
  • $35k MRR, $7k+ monthly one-time revenue. 6,000 MAUs, 1040+ active paying customers
  • Partnerships & integrations with Thumbtack, Intuit Quickbooks, 1build, CompanyCam, Lowe’s & Square
  • Patent-pending Contractor+ Assistant AI & Strategic network effects for exponential growth
  • Available on all platforms with native applications for Web, iOS and Android Phones & Tablets
  • Previous investors include executives at Google, Meta, Intel, Amazon and CACI

Investor memo sources

Team profiles

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Contractor+

Collaborative platform and AI for contractors

Funded badge
Last Funded August 2024

$538,831

raised from 491 investors

What Investors Say

LEAD INVESTOR
Invested $10,000 this round + $1,378 previously
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.
What People Say