Procore to delay IPO, complete funding round

Procore Technologies has decided to postpone its IPO and complete a private funding round, according to Bloomberg. The construction software provider has reportedly raised more than $150 million from investors including D1 Capital Partners at a valuation of some $5 billion. Procore filed for an IPO in February, and has received prior backing from Tiger Global and Dragoneer Investment Group, among others.

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