Dive Brief:

• California-based construction tech startup eSUB Construction Software has nabbed $5 million in Series A funding, with Revolution Ventures leading the round, according to TechCrunch.
• The company offers subcontractors digital tools that connect to the cloud and allow them to keep track of change orders, project delays, additional costs and any other issues that might affect their contracts or contract amounts.
• eSUB said it will use a portion of the money to develop additional apps. The company also said it will double its workforce next year, with a focus on staffing its product and software engineering departments. Prior to this investment, eSUB received a minor amount of financial backing from an angel investor group.

Dive Insight:

Subcontractors do the majority of work on construction projects, but their workflow is very different from that of general contractors, eSUB President and CEO Wendy Rogers told TechCrunch. The are already a significant number existing project management applications that target "high-end" users accustomed to enterprise software, but there are fewer subcontractor-specific solutions, the company said.

Procore is one of the construction tech companies that eSUB pointed to as serving the digital project management needs of general contractors. The growth of that startup has been explosive, and just last week, Procore announced that it had reached a $1 billion valuation — unicorn status — after a $50 million funding round. It was only one year ago that the company's valuation hit $500 million, which was big news because it landed near competitor Textura's value. Just a handful of months later, software giant Oracle purchased Textura for $663 million.