"From Seed to $10M Series A" - BuildVision's Procurement Platform & Growth Journey

"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