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What smart money is saying about Procore Technologies, Inc.United States flag

PCOR · Technology · Software - Application · Market cap $11.37B

1 fund in our archive has pitched Procore Technologies, Inc. — most recently Conestoga in December 2024.

Company profile

Procore Technologies, Inc. provides a cloud-based construction management platform and related software products in the United States and internationally. The company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Management, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office. The company also provides Resource Management that helps contractors to schedule, track, and forecast labor productivity, enhance time management, communication with workforces, and manage profitability on construction projects; and Financial Management, which provides customers with visibility into the financial health of their individual construction projects and portfolios, as well as facilitates untethered access to financial data, linking the field, and the office in real-time. It serves owners, general contractors, and specialty contractors operating in the commercial, residential, industrial, and infrastructure segments of the construction industry. The company primarily sells subscriptions to access its products on computers, smartphones, and tablets through any web browser or from its mobile application available for iOS and Android platforms through its direct sales team. Procore Technologies, Inc. was incorporated in 2002 and is headquartered in Carpinteria, California.

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Summarize with Warren AI
2
Reported positions
1
Bought
0
Sold
3
Letters

Position history

Between Q4 2024 and Q2 2026, 2 fund letters reported a position in Procore Technologies, Inc.1 opened or added to the position.

Fund letters reporting a position in Procore Technologies, Inc., by quarter
QuarterLettersBoughtSoldTheses
Q2 20262100
Q4 20240001

Fund activity · 2 positions · 1 move

  • New positionBaron Real Estate Strategy
    June 2026
    We recently began acquiring shares in Procore Technologies, Inc. , a provider of software solutions to the construction industry, and will elaborate on this company in future investor letters.
    Read the letterProcore Technologies, Inc.
  • HoldsSpyglass Growth Strategy
    June 2026
    As the new management team settles in, we continue to believe Procore's underlying momentum remains intact, supported by a widening data moat and an emerging AI monetization opportunity.
    Read the letterProcore Technologies, Inc.

Fund coverage · 1 thesis

  • Conestoga
    December 2024

    Procore Technologies, Inc. (PCOR) is a leading cloud-based construction management software company experiencing strong growth and improving operating margins in an underpenetrated market.

    Read the full thesis

Read every full thesis on Procore Technologies, Inc.

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