Clearstory Secures $16M in Series B Funding

Clearstory, a Walnut Creek, California-based company specializing in a construction change order communication platform, has raised $16 million in Series B funding.

The funding round, led by Prudence, also saw participation from Industry Ventures and existing investors such as Jackson Square Ventures, Building Ventures, GS Futures, and Cloud Apps Capital Partners.

The newly acquired funds will be used to expand Clearstory’s platform and hire talent to drive growth and innovation.

Clearstory, under the leadership of CEO Cameron Page, offers a tool designed to improve construction business processes. This tool enhances trust and transparency, helps general contractors mitigate risk, ensures faster payments for specialty contractors, and provides real-time financial data in one centralized location. Additionally, the platform reduces administrative work through automation and integrations with several construction technology platforms, including Procore, Autodesk, Vista, CMIC, Sage, and HCSS.

Currently, Clearstory’s clientele includes 13 of the 25 largest general contractors in North America. Notable clients include Suffolk, Clayco, Barton Malow, Swinerton, Kone Elevators, and Performance Contracting Group.

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