Another Lincoln startup company has reeled in some serious venture capital.
CompanyCam, which offers a photo app that helps contractors monitor and manage projects, announced Friday that it has raised $6 million in Series A funding. Blueprint Equity, a growth equity fund based in San Diego
“We are very excited to be partners with CompanyCam,” Bobby Ocampo, managing partner of Blueprint Equity, said in a news release. “The construction space – particularly the businesses CompanyCam serves – is massive yet highly fragmented; CompanyCam has grown tremendously serving small to medium-sized customers that have traditionally been underserved.”
Luke Hansen started CompanyCam in 2014 after struggling with coordinating job site communication while working at his family's business, White Castle Roofing. He has previously described it as a combination between Snapchat and Dropbox for contractors.
The company has now grown to almost 50 employees and has more than 6,500 companies using the app, with about 49,000 individual users.
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CompanyCam also announced on Friday that it is making its app completely free for small companies. The free version allows up to three users and 50 saved projects.
“Letting customers use CompanyCam for free is key to our long-term vision of being the best way for contractors to work together in capturing field data and putting it to work,” Levi Nelson, chief operating officer of CompanyCam, said in the news release.
The $6 million investment brings the total of publicly disclosed venture capital raised by Lincoln-based companies this year so far to at least $47.5 million. That number does not include an undisclosed investment by Bain Capital in Hudl that was announced last month.
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