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Roofr Raises Series B Funding from TCV and ABC Supply to Expand Roofing CRM

Roofr Raises Series B Funding from TCV and ABC Supply to Expand Roofing CRM

February 7, 2025 Craig Etkin

SAN FRANCISCO, Jan. 28, 2025 /PRNewswire/ — At Roofr, we have always made it our priority to be people-first. We believe that starts with listening to our customers and our team. Since Roofr’s inception in 2016, our team has focused on connecting with roofers, hearing their ideas and common frustrations, and building a product they want and need to help grow their businesses. We’ve spent late nights, early mornings, and weekends replying to Facebook comments in roofing groups, calling our users for feedback, and attending trade shows to get honest opinions on what we can do better. Guess what? It worked.

We have taken that feedback and moved quickly. We built an end-to-end roofing platform that is powerful, fast, and effective. We built scalable tools like measurement reports, lead capturing, proposals, payments, invoicing, material ordering, workflow automation, event tracking, job boards, customer communications, and much more. We spoke with experts, both in roofing and in technology, to make our platform easy to use and even easier to implement into everyday operations. Most importantly, we designed it to work the way a roofing business does, and priced it at a point we knew roofing businesses could afford. We focused on creating products and features that make roofers’ lives easier, giving them more time back to reinvest however they saw fit. Many have scaled their businesses, some grossing millions since using the Roofr platform, and all getting more time back to spend with loved ones.

It may sound straightforward: “build what your audience wants to buy”. It’s simple in theory, yet hard to achieve. We saw other tech companies build too many features users didn’t need, and we were adamant about not making the same mistakes. We spoke at length, debated, and challenged each other to build something that would feel natural to use every day, and be easier to use than roofers current methods. Now, over 12,000 roofing companies rely on Roofr, and as our customer base grows, so does our company, product suite, and customer expectations. That means more people, more decisions, and more at stake. There were two truths Roofr Founder & CEO, Richy Nelson, always held steadfast: the first, listen to your users no matter what; the second, create a culture where people want to come to work. With this investment, Roofr will continue to grow by these principles.

For us, a product is only as good as the people who build it. It’s why we have focused so intently on hiring the right people. We don’t prioritize fancy degrees or accolades. We prioritize great ideas, customer obsession, leaders with empathy, and individuals who think unconventionally. From 10 people to 150+, Roofr’s culture has remained rooted in these values. Through dedication, patience, and careful intention Roofr has built a remote environment where people are excited to log in to work every day. By focusing on creating a world-class culture, we in turn have created a world-class product. Now, it’s time to grow our team and platform faster than ever before.

In 2025, Roofr will become the leading operating system that every roofing company needs to scale their business. This round of funding was led by TCV, a venture firm that has supported category-defining companies like Netflix, Spotify, Facebook, Zillow, and Airbnb as well as vertical SaaS leaders like Toast and Clio. ABC Supply, Crosslink Capital, Euclid Ventures, MGFO, and i2BF have also contributed to this round of funding to help reach our goal of hiring talented people to deliver on our product roadmap faster than ever. This includes new products and features like canvassing, marketing, document builder, job costing, work orders, and more.

Tim McAdam, General Partner at TCV, shared the firm’s enthusiasm for Roofr. “We sought out the opportunity to invest in Roofr because of the teams deep industry knowledge and their innovative, customer-first approach to building a roofing software suite filled with productivity enhancing products. We heard from many happy Roofr customers about the quality and breadth of Roofr’s platform and are excited to support the company’s mission of enabling these business owners to be more successful. We believe their technology and services will not only enhance the success of roofing businesses but also modernize the roofing industry.”

With this funding, we plan to hire new teammates in product, engineering, sales, support, customer success, G&A, and marketing. It means big things are coming, and we’re making it our number one priority to find the right people to help make it happen.

Interested in joining our team? Check out our open roles at roofr.com/careers or send your resume to talent@roofr.com.

About TCV
For nearly thirty years, TCV has partnered with global, category-defining, technology companies as a leading growth equity investor. Leveraging its deep industry expertise and strategic resources, TCV’s mission is to provide long-term capital and support to high-quality management teams across their growth journey. Since its founding in 1995, TCV has invested $20 billion in more than 350 technology companies worldwide and has supported over 150 IPOs and strategic acquisitions, making it one of the most active technology investors. Select investments include Airbnb, AxiomSL, Built, CCC Intelligent Solutions, Celonis, Clio, Cradlepoint, ETQ, ExactTarget, Expedia, Facebook, Fandango, Genesys Software, GoDaddy, GoFundMe, HomeAway, Miro, Netflix, Nubank, OneSourceVirtual, Prodege, Qonto, Relex, Revolut, SilverPeak, Splunk, Sportradar, Spotify, Toast, Twillio, and Zillow. TCV has a global presence in Menlo Park, New York, London and Melbourne. For more information on TCV and its investments, visit tcv.com.

SOURCE Roofr Inc.

Copyright © 2025 Cision US Inc.


Venture Capital
California, Cision, PRNewswire, Roofr, San Francisco, Venture Capital

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MIND, the upcoming leader in data loss prevention, today announced $30M Series A funding, just seven months after emerging from stealth, led by Paladin Capital Group and Crosspoint Capital Partners with participation from Okta Ventures and existing investor YL Ventures. This round brings MIND’s total funding to over $40M and will fuel MIND’s strategic growth and enhance its data security platform capabilities. In the past seven months, MIND has achieved 500% customer growth, gained significant traction among Fortune 1000 companies, prevented sensitive data loss across hundreds of thousands of endpoints through its proprietary endpoint agent and delivered immediate value by protecting the sensitive data of leading enterprises.

In a statement Eran Barak, Co-Founder and CEO of MIND said, “MIND was founded to help organizations thrive in the AI era and navigate the exponential growth of sensitive data in complex IT environments.” “Our rapid growth reflects a clear market shift toward smarter, faster and fully automated approaches to DLP and insider risk. This funding validates both our product and the market demand. With the backing of our new investors, each bringing deep expertise in data security, we’re positioned to revolutionize the DLP category, empower secure innovation and double our R&D and go-to-market teams by year’s end.”

MIND is on a mission to help organizations thrive in a digital world in the AI era by protecting their most sensitive data, mitigating risks and preserving brand reputation. MIND is the first-ever data security platform that puts data loss prevention and insider risk management programs on autopilot to deliver both data security posture and data loss prevention. The company enables businesses to mind what really matters—their most sensitive data. Founded and led by cybersecurity leaders and industry veterans, MIND is based out of Seattle Washington.
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TAE Technologies, the leading fusion energy company developing the cleanest and safest approach to commercial fusion power, today announced that it has raised more than $150 million in its latest funding round, exceeding the company’s initial target for the round. Chevron, Google and NEA participated in the round, among other new and existing investors. TAE has the option to raise additional capital as part of this funding round. With more than $1.3 billion in equity capital raised since inception, this latest fundraise further validates TAE’s distinctive approach to commercial fusion.

In a statement Michl Binderbauer, CEO of TAE Technologies, said: “Fusion has the potential to transform the energy landscape, providing near-limitless clean power at a time when the world’s energy needs are growing exponentially due to the growth of AI and data centers. TAE’s technology uses the soundest physics to deliver superior performance in a compact machine, with attractive economics and best-in-class maintainability. We are leading the charge to develop revolutionary fusion technology for full-scale commercial deployment.”

TAE was founded in 1998 to develop commercial fusion power with the cleanest environmental profile. The company has established itself as a leader in an industry that has the potential to transform the energy economy. Since 2014, TAE and Google Research have worked together to accelerate fusion science using cutting-edge machine learning. Google engineers worked onsite at TAE facilities to co-develop advanced plasma reconstruction algorithms, leading to significantly improved plasma lifetime and performance. Fusion is nature’s preferred source of energy. It is the same process that powers the sun and stars, and it is what makes life viable on Earth. When lighter elements fuse under immense heat and pressure, they form new elements and release a tremendous amount of energy. This process is safer than conventional nuclear power because fusion can be stopped at any time – eliminating the risk of a power plant meltdown. TAE remains singularly committed to advancing the frontiers of science and innovation to benefit humanity. With a steadfast resolve to redefine the energy landscape, TAE Technologies is at the forefront of the fusion revolution, poised to usher in a new era of sustainable and limitless power generation for a better tomorrow.
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Joby Aviation, a company developing electric air taxis for commercial passenger service, announced the successful closing of the first $250 million tranche of a previously announced strategic investment from Toyota Motor Corporation. The funding marks a significant milestone in strengthening the long-term collaboration between the two companies and supports their shared vision for the future of air mobility. The investment is aimed at supporting certification and commercial production of Joby’s electric air taxi. This underscores the mutual commitment to deepening integration and delivering next generation travel to global markets. This investment also puts the two companies a step closer toward a strategic manufacturing alliance.

In a statement JoeBen Bevirt, founder and CEO of Joby said, “We’re already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design.” “This is an important next step in our alliance with Toyota to scale the promise of electric flight. With this capital and Toyota’s legendary production expertise, we’re enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers.”

Joby Aviation is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. Powered by six electric motors, their aircraft takes off and lands vertically, giving it the flexibility to serve almost any community. Flying with Joby might feel more like getting into an SUV than boarding a plane. The company's aerial ridesharing service will combine the ease of conventional ridesharing with the power of flight. A green alternative to driving that's bookable at the touch of an app. With more than 30,000 miles flown on full-scale prototype aircraft, their aircraft is designed to meet the uncompromising safety standards set by the FAA and other global aviation regulators. Joby Aviation is now engaged in a multi-year testing program with the FAA to certify their vehicle for commercial operations, and have completed the first three of five stages.
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