Automating entire operations leads to unimaginable growth for most startups. Salesforce computerized and drastically improved customer relationship management at every point. It's now worth $267.26 billion. QuickBooks automated and simplified numerous accounting tasks. Its parent company is worth $184.51 billion today. Square has automated many aspects of business financial management for small merchants and reached a valuation of $110 billion.
A new startup is creating a similar revolution in a field that has been sidestepped by technological innovation for far too long. It grew by 162% year-over-year and you can invest in it with as little as $100.
Constructing A Better Future
An average, normal contractor faces difficulties on multiple fronts. Labor shortages are a constant problem and often pop up at the worst possible time. Finding a reliable crew is virtually impossible. Job security and a stable income often seem like distant dreams. And on top of all that, the net profit margin for construction clocks in at a measly 2.16%, according to Ernst & Young.
The fact that most contractors are looking to cut costs at every level is plain common sense. Technology could bring a huge change for the betterment of this department. However, that hasn't happened on the same scale as in other industries. In today's landscape, cost-cutting and timesaving software is only offered to the top 10% of the industry. The bottom ones are pretty much stuck in the early 2000s.
Contractor+ is changing this scenario by bringing simplified and automated solutions to the most common issues that contractors face, all under one roof and in one app. It's essentially bringing the same shift that Salesforce, QuickBooks, and Square caused in their industries. Through Contractor+, users can manage leads, clients, and the team, calculate estimates, generate invoices, sign contracts, and much more.
Unsurprisingly, this is what Contractor+'s customer acquisition chart looks like:
![](https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09100109/image-50.png)
(Image courtesy of Contractor+)
The company has been very successful at tackling its $60 billion market. Year-over-year (YOY), it grew by 162%. It has reached a $410K annual run rate revenue at 86% gross margins. Contractor+ currently boasts multiple streams of income, including subscriptions, payment facilitation, financing, and insurance referrals. More features are likely to be added in the future.
These prospects didn't go unnoticed and the leaders from the most prominent tech companies are eager to jump on board. Executives from Google, Meta, Intel, and Amazon have invested in the company in previous rounds.
If Contractor+ continues growing at a similar pace, it could reach $22 million in annual revenue by 2028 with over $535,000 in monthly recurring revenue. You have an exclusive opportunity to invest in it while it's still in the early stages. All it takes is $100. However, that's only for a limited time, as the raise closes very soon.
Click here to invest in Contractor+.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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