What smart money is saying about Procore Technologies, Inc.
1 fund in our archive has pitched Procore Technologies, Inc. — most recently Conestoga in December 2024.
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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Position history
Between Q4 2024 and Q2 2026, 3 fund letters reported a position in Procore Technologies, Inc. — 1 opened or added to the position, 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 3 | 1 | 1 | 0 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Fund activity · 3 positions · 2 moves
- New positionBaron Real Estate StrategyJune 2026
“Property technology companies The convergence of real estate and technology has given rise to a new category – real estate technology, or proptech. The growth of proptech and the digitization of real estate represent an exciting and promising development. We believe we are in the early stages of a technology-driven investment cycle focused on data and digitization, enabling real estate-related businesses to generate incremental revenue streams and reduce costs. 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.”
Procore Technologies, Inc. - HoldsSpyglass Growth StrategyJune 2026
“Procore Technologies, Inc. (PCOR), a provider of cloud-based construction management software, was a bottom contributor during the second quarter. Procore’s first-quarter results exceeded consensus expectations for both revenue and earnings. However, we believe Procore was also caught up in the broader selloff across the software sector, with investors seeming to want clear evidence of accelerating growth. 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.”
Procore Technologies, Inc. - June 2026
“Procore Technologies (PCOR) provides cloud-based construction management software. The stock experienced a significant drawdown in the quarter as the broader software industry faced ongoing multiple compression due to market fears surrounding AI coding tools and lower barriers to entry for AI-native software startups. We chose to close our position in the quarter and continued the process of repositioning software weight to the most durable competitive positions and clearest AI beneficiaries we can identify.”
Procore Technologies, Inc.
Fund coverage · 1 thesis
- ConestogaDecember 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.
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