The latest coronavirus casualty is construction startup Procore, which has shelved its recent plans for an initial public offering. The news isn’t all bad for the California-based construction management software company. A private funding round has pushed its valuation to $5 billion. After filing paperwork in February for an IPO, the company completed a private funding round that raised more than $150 million, according to Bloomberg. The investors include Dan Sundheim’s investment firm, D1 Capital
source https://therealdeal.com/2020/05/01/construction-tech-startup-procore-shelves-ipo/
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