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"From Seed to $10M Series A" - BuildVision's Procurement Platform & Growth Journey
Manage episode 473760682 series 3481938
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"We make money when our customers make money"
In today's episode of Bricks & Bytes, we had Mike Powers and Ben Lyddane from BuildVision who shared their journey of raising a $10M Series A led by Norwest Ventures.
Their platform helps contractors procure mechanical and electrical equipment more efficiently, saving 20-30% on costs while creating new revenue streams for general contractors.
Tune in to find out about:
✅ How BuildVision grew from processing $700M to over $1B in equipment transactions
✅ Their three-tiered pricing model that aligns with customer success
✅ How AI costs for processing documents dropped from thousands to just $1.40 monthly
✅ Why focusing on critical path items like chillers and generators (not commodity products) creates maximum value
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Chapters
00:00 Intro
00:05:35 Introduction and Series A Announcement
00:08:25 Build Vision Overview and Product Development
00:11:40 AI Integration in Procurement Solutions
00:14:41 Revenue Models and Customer Success
00:17:29 Growth and Future Projections
00:20:43 Challenges in the Construction Industry
00:23:35 Funding and Investor Relations
00:26:40 Technological Challenges and Solutions
00:29:28 Market Position and Competition
00:40:07 Navigating Risk in Construction
00:43:35 Building Strategic Partnerships
00:46:29 Outcomes Over Products
00:49:35 Challenges in the Buy-Sell Dynamic
00:51:25 Impact of Tariffs on Construction
00:55:30 Future of International Operations
00:56:25 The State of Construction Tech
01:06:21 Voice-Enabled Workflows and Future Prospects
01:08:41 Acquisition Strategies and Market Positioning
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