JobNimbus: Revolutionizing Contractor Technology with $330 Million Investment
Deal News | Nov 13, 2024 | Sumeru
Sumeru Equity Partners has led a $330 million control investment in JobNimbus, a Saas provider that revolutionizes the roofing industry with streamlined contractor operations. The investment, announced on November 13, 2024, will enable JobNimbus to expand its product range and increase operational scale to meet growing industry demand. The funds will also be used to enhance AI-driven features and grow the team to support expansion. The strategic investment recognizes JobNimbus's transformative impact on contractor businesses with a user-friendly platform that simplifies essential tasks such as quoting, material ordering, and project management. Sumeru's partnership with JobNimbus highlights their mission to empower management teams to scale SaaS businesses, marking a pivotal moment for the continued innovation and growth of JobNimbus within the contractor technology space. Ben Hodson, Co-Founder, and CEO of JobNimbus, emphasized the company's dedication to supporting contractors with advanced technology to grow their businesses. Jason Babcoke, Co-Founder and Managing Director of Sumeru, will join the JobNimbus board of directors as part of this milestone partnership.
Sectors
- Software as a Service (SaaS)
- Construction Technology
Geography
- United States – JobNimbus is based in Lehi, Utah, within the United States, and plays a significant role in the North American market.
- North America – Sumeru Equity Partners and JobNimbus operate in North America, investing and growing within this major economic region.
Industry
- Software as a Service (SaaS) – JobNimbus operates within the SaaS industry, providing cloud-based solutions to contractors in the roofing industry.
- Construction Technology – JobNimbus is transforming contractor operations in the roofing sector, aligning with the construction technology industry.
Financials
- $330 million – The total amount of investment made by Sumeru Equity Partners in JobNimbus.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| JobNimbus | Target Company | Company | A SaaS provider for the roofing industry, focused on streamlining operations for contractors. |
| Sumeru Equity Partners | Bidding Company/Investor | Company | A private equity firm providing growth capital, with investments in numerous technology-driven companies. |
| Ben Hodson | CEO | Person | Co-Founder & CEO of JobNimbus, guiding its mission to enhance contractor technology. |
| Jason Babcoke | Managing Director | Person | Co-Founder and Managing Director of Sumeru Equity Partners, joining JobNimbus's board post-investment. |