BuildingConnected
“Can bid management become the front door to Autodesk's entire construction software stack, converting preconstruction workflows into recurring platform revenue?”
Founded2012
HQSan Francisco, California, United States
FoundersDustin DeVan, Jesse Pederson
Total raised$53M (pre-acquisition)
Latest roundAcquired by Autodesk for $275M (December 2018)
Valuation$275M acquisition price
IndustryVertical SaaS / Construction
The story
Founded 2012 as a bid management network for general contractors and subcontractors, differentiating from Procore and SmartBid by building a crowdsourced network of construction professionals. Acquired by Autodesk in December 2018 for $275M — one month after Autodesk's $875M PlanGrid acquisition — to build out Autodesk's construction software portfolio. Now part of Autodesk Forma (formerly Autodesk Construction Cloud) as the preconstruction bid management layer, with sister product TradeTapp providing subcontractor qualification and financial risk analysis.
Last 12 months
—
Product timeline
2012
Founded by Dustin DeVan and Jesse Pederson to streamline bid management for construction· pivot
2015
Raised $8.5M Series A led by Crosslink Capital· pivot
2018
Raised $15M Series B led by Brookfield Ventures· pivot
2018
Acquired by Autodesk for $275M to expand construction software portfolio· acquisition
2024
Integrated into Autodesk Construction Cloud (ACC), later rebranded to Autodesk Forma· pivot
The stack
1 layer disclosed in BuildingConnected’s embedded-finance stack
Accounting
SalesforceMicrosoft DynamicsHubSpotMicrosoft Power BIAutodesk Build (Cost Management)Autodesk DocsBoxPlanGridACC Connect
Accounting gap: none