Contractor Plus, Inc., a fast growing mobile app for contractors, secures lead investment from Electric Ventures, and is now raising $1m in a series seed via Reg CF on Wefunder. The company has garnered the support and advisory of real estate and investment experts Ryan Pineda of Wealthy Way and Brandon Schlichter of Investment Joy.
ORLANDO, Fla., Jan. 5, 2023 /PRNewswire-PRWeb/ -- Contractor+, the all-in-one mobile solution for contractors powering efficient field service and contractor communication, is pleased to announce the launch of a $1 million Regulation Crowdfunding round on a $4.6 million cap on Wefunder on January 10, 2023. After bootstrapping to beta in 2020 and raising $113K in a Regulation Crowdfunding pre-seed, the company is effectively positioned to improve unit economics, scale user acquisition, and expand its offering in the direction of consolidating the Field Service Management and Construction Software markets.
With 19,000 free users, over 500 paying customers, and churn steadfastly below 4%, Contractor Plus has approached $10,000 in Monthly Recurring Revenue. Multiple industry leaders are supporting the company through this growth period in the role of advisor, including Ryan Pineda from Homerun Offer and WealthyWay.com, Brandon Schlichter from Investment Joy, and Mike Demler from Brink Software. To kick off their round, Contractor Plus has secured a $40,000 commitment from lead investor Ethan Logan, President of White Label MFG. and founder of Electric Ventures.
In conjunction with raising this latest round, Contractor Plus plans to increase revenues by raising prices and switching to a per-seat pricing model. They're consolidating into two plans, including PRO for $29 per user per month and ULTIMATE for $49 per user per month. To give existing customers an opportunity to lock in current pricing, the company is hosting a two-week grandfather campaign where users can pre-pay for as long as they'd like to keep their current plan and price.
The Contractor+ roadmap gives contractors a collaborative foundation to run their businesses. Whether they're a solopreneur artisan, an SMB, a large builder or general contractor, Contractor+ aims to be the one adaptive solution that fits the flow. Real estate investors, property managers and master developers manage dozens, or even hundreds, of subcontractor relationships to see a project from the start to finish. Contractor+ is streamlining those communications to improve efficiency across the entire construction lifecycle.
Contractor Plus's adaptive software fits the actual flow of day-to-day business, modernizing a variety of operations, including:
- Client and team management
- Estimates, invoices, and payments
- Contracts and e-signatures
- Post-inspections
- Job schedules
- Asset & Employee tracking
- Subcontractor management & compliance
"There are a lot of software options out there for contractors, but none that addresses the way they collaborate," said Justin Smith, Co-Founder & CEO of Contractor Plus, Inc. "We're on a mission to solve all the biggest problems within the organizational unit, but more importantly, we're facilitating and streamlining the relationship management between contractors, their staff, their subs and their clients."
Contractor+ has completed integrations with CompanyCam, Thumbtack, The Home Depot, Stripe, Square, Paypal, Google, Quickbooks Online, Next Insurance, and more. In early 2023, Smith and his team plan to roll out a series of new features, including a live map with employee dispatching, as well as an extensive API and Zapier integration.
Contractor+ is available to download for free on the Apple App Store and Google Play, You can learn more about their $1M Reg CF Series Seed at wefunder.com/contractor.
About Contractor Plus
Contractor Plus is an all-in-one mobile solution helping contractors Unite their teams, Impress their clients, and Grow their businesses. Designed to improve the flow of communication between artisans, SMBs, general contractors, master developers, real estate investors and property managers, Contractor Plus is quickly becoming the operating system for efficient collaboration both internally and across the field service industry. To centralize clients, estimates, invoices, payments, contracts, e-signatures, post-inspections, job scheduling, team collaboration and more, download Contractor+ on the Apple App Store or Google Play.
Media Contact
Justin Smith, Contractor Plus, Inc., 1 8553928803 Ext: 100, [email protected]
Brandon Schlichter, Investment Joy, (740) 479-3150, [email protected]
SOURCE Contractor Plus, Inc.
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