Mohr Davidow leads $30 mln funding of home improvement innovator BuildDirect
BuildDirect, a Vancouver-based online home improvement products supplier, has secured $30 million in Series B financing. The round was led by U.S. venture capital firm Mohr Davidow Ventures and supported by Canadian investors, including existing investor BDC Venture Capital. Funds will be used to fuel company growth in the US$492 billion building product marketplace, continued evolution of BuildDirect's proprietary technology platform, expansion of its product offerings, and an increase in its employment base. Katherine Barr, general partner at Mohr Davidow and co-chair of the C100, will join the company's board of directors. Founded in 1999, BuildDirect has been venture-backed since 2006. Its other backers include Difference Capital Financial, GrowthWorks and OMERS Ventures.
