Clearstory Secures $16 Million in Series B Funding to Enhance Construction Change Order Management

Clearstory, a software company specializing in the construction industry, announced the successful closure of a $16 million Series B financing round. This latest round brings Clearstory's total capital raised to $35 million since its launch in 2018. Prudence, an early-stage venture firm, led the round with participation from Industry Ventures and existing investors Jackson Square Ventures, Building Ventures, GS Futures, and Cloud Apps Capital Partners.

Based in Walnut Creek, California, Clearstory provides a unique change order communication platform for the construction industry. The platform aims to streamline the coordination of out-of-contract work, benefiting owners and contractors of various sizes and types. By addressing the often complex and congested process of managing change orders, Clearstory's technology offers significant improvements in efficiency and communication for construction projects.

The new funding will enable Clearstory to further develop its platform and expand its market presence. The company is focused on resolving the challenges associated with construction change orders, aiming to provide a seamless solution that enhances project management and execution in the construction industry.