Montréal-based construction tech startup Billdr has secured $3.2M ($4.4M CAD) in Seed funding as it relaunches with a renewed focus on becoming a full-stack operating system for small and mid-sized general contractors.
The all-equity round was led by White Star Capital, with participation from Desjardins Capital and existing investors One Way Ventures, asterX, and Formentera Capital. The financing brings Billdr’s total funding to approximately $10.5M.
From Marketplace To Vertical SaaS
Founded in 2020, Billdr initially launched as a managed home renovation marketplace, matching homeowners with vetted general contractors and handling everything from design to project management.
The platform supported more than 1,000 renovation projects across Montréal, Toronto, and Chicago, facilitating over $100M in construction spend. However, as project volume increased and interest rates surged in 2022, operational complexity and macroeconomic pressure exposed the limits of the marketplace model.
Facing a shrinking runway, Billdr’s leadership made a decisive call in 2023: either shut down or rebuild from the ground up.
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A Hard Reset And A New Direction
Billdr chose to pivot. The team downsized to 10 people and rebuilt the company as a vertical SaaS provider focused entirely on contractors rather than consumers.
After roughly 18 months of redevelopment and another 18 months of commercial traction, the relaunched platform now serves hundreds of general contractors across Canada and the US. The company has reached seven-figure annual recurring revenue, processed more than $10M in payments volume, and claims clear product-market fit.
CEO and co-founder Bertrand Nembot described the round as a “reset” for the company, noting that the valuation remained flat compared to its original 2021 Seed round.
Targeting An Underserved Contractor Segment
Billdr’s pivot was driven by direct feedback from contractors, many of whom asked for standalone access to the tools Billdr had built internally for its marketplace.
While solutions exist for individual trades and large enterprise contractors, the company is targeting small and mid-sized general contractors who still rely heavily on spreadsheets or fragmented point solutions.
According to Nembot, these contractors want a modern, intuitive, all-in-one platform that replaces disconnected tools with a single system of record.
Building The Construction OS
Billdr’s platform helps contractors manage customer relationships, estimates, invoicing, project workflows, team coordination, and payments in one place.
With the new funding, the company plans to accelerate its AI roadmap, expand embedded financial services such as bill pay, corporate cards, lending, and insurance, and introduce real-time access to building material pricing.
The company now employs 20 people and expects to reach profitability within the coming months, operating with a more capital-efficient model shaped by its earlier challenges.
About Billdr
Billdr is a construction software company building an all-in-one operating system for small and mid-sized general contractors. The platform helps contractors manage projects, finances, teams, and customers more efficiently, replacing fragmented workflows with a single, modern system designed for the realities of construction businesses.
