EstimateOne is a tendering and procurement platform for the commercial construction industry. It provides tendering software and a public electronic tender noticeboard connecting head contractors (“builders”), subcontractors and suppliers with a leading market position in Australia. The business currently also has a small but growing footprint in New Zealand, the United Kingdom and Ireland. EstimateOne’s primary market focus is within the commercial and high-end residential construction markets.
Potentia was attracted to EstimateOne’s strong market position with favourable network effects, significant growth opportunities in adjacent markets and a high-quality management team.
Potentia’s investment thesis is centered around further investment in sales & marketing, monetisation of the engaged customer base, investment in adjacent products and international expansion.
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