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Contractor+ Is Leveling The Playing Field, Turning The Construction Industry On Its Head With Its Potentially Game-Changing AI-Driven App

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–News Direct–

By Meg Flippin, Benzinga

Contractors have been at a disadvantage but no more thanks to Contractor+ and its super-charged AI-driven app. To learn more and to invest in this up and coming startup click here.
Contractors have been at a disadvantage but no more thanks to Contractor+ and its super-charged AI-driven app. To learn more and to invest in this up and coming startup click here.

Contractors play an important role in construction, but when it comes to scaling, many struggle to do more than $2 million in annual sales. A lack of technology is a big reason. Providing estimates, managing customers and handling billing manually can be time-consuming and cumbersome. High pricing is another problem. Finding good workers amid a shortage and solid leads can prove difficult and expensive. Furthermore, network-level collaboration has been largely absent in the contractor space so far.

Such factors can put contractors in the U.S. at a disadvantage, seeing the growing demand for their services. The construction market is big and growing, requiring contractors to get the work done. As of 2023, the global construction market size was $13.57 trillion. By 2032, its projected to reach $23.92 trillion, growing at a CAGR of 6.5% between now and 2032. To take advantage of that growth, contractors need an upgrade, and Contractor+ believes it can provide that through its AI-driven platform that enables contractors to control every aspect of their business from a mobile app.

Leveling The Playing Field For All Contractors

The idea behind Contractor+, the brainchild of CEO Justin Smith and CTO Roshan Sethia, is to level the playing field for contractors who may lack technological know-how or have financial constraints factors that could be preventing them from growing. The company supports growth by giving small and medium businesses access to the tools that can improve quality, automate processes, enhance efficiency and productivity and streamline the process from estimate to completion of the job. That in turn also frees up contractors to do more work and bring in more money. Our platform is more than a tool; it's a bridge connecting contractors to the digital era, empowering them with technology that was once out of reach, the company said in its pitch to investors. The construction industry, historically slow to adopt technology and sensitive to high prices, finds a haven in Contractor+, where next-level efficiency meets affordability.

At the heart of its platform is patent-pending AI that lets contractors transform hours of work into minutes using automation. The app comes with highly flexible and powerful estimation tools, collaboration tools so all parties involved in the project can see what stage its at, a website to generate leads and the ability to process payments through the app. On one dashboard, customers see the number of active jobs, estimates, invoices, leads, payments and expenses, as well as a list of current actionable items, the days schedule and gross revenue. No more sifting through paper-based invoices and notes jotted down to manage schedules, timelines and payments its all done through one mobile app.

Click here to learn more about how Contractor+ is leveling the playing field for contractors.

Proof Is In The Growth

Around since January 2020, Contractor+ has been making a name for itself in the industry, boasting 75,000 home improvement projects successfully managed via its app, more than 800 paying businesses using the app and a fast-growing community of 5,500 monthly active users. This has translated into year-over-year topline growth of 122%, with the company pegging its total addressable market at $60 billion. Its monthly recurring revenue is targeted to hit $53,000 in 2024, $175,000 by the end of 2025 and $535,000 through 2028. Contractor+ is forecasting annual revenue to reach $22.2 million, gross margins to hit 75% and net margin to be at 33% by 2028.

But its not just subscriptions Contractor+ is relying on to drive sales and growth. It envisions creating a wide-reaching community in which it can sell, support and provide leads for everything from insurance to referrals. Our vision extends beyond market capture; it's about market expansion through a collaborative marketplace that not only addresses current needs but also anticipates future demands, says Contractor+.

Seize The Moment

Investors seem to agree so far. Since launching its capital fundraising campaign, Contractor+ has raised $255,000 from 129 investors, more than halfway to its goal of raising $430,000. It previously raised $90,000 from angel investors, including executives from Alphabet Inc.s (NASDAQ: GOOG) Google, Meta Platforms Inc. (NASDAQ: META), Intel Corp. (NASDAQ: INTC), Amazon.com Inc. (NASDAQ: AMZN) and CACI International Inc. (NYSE: CACI). Hemdeep Dulthummon, a principal at Optiscale Ventures and lead syndicate on this fundraising round said he is confident in the startups ability to grow. Dulthummon believes that even capturing just a small share of the market can propel Contractor+ to a $100 million valuation. Contractor+ offers compelling value propositions to its target customers. The platform's tools deliver significant benefits at a low cost, translating to high ROI and minimal barriers to entry, says Dulthummon. Ideally, the company wants to raise a total of $1.5 million to supercharge its platform, potentially dominate the market and stand out from rivals servicing contractors.

The construction industry is late to the technology party, with countless contractors relying on manual, time-consuming processes to give estimates, manage projects and accept payments. Contractor+ is turning that on its head, leveling the playing field for even the smallest contractor.

Interested in getting in on this ground-breaking startup before it takes off? Click here to learn more and invest today.

Featured photo by Theme Photos on Unsplash.

Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.

This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.

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Press Release

Shared Pets LLC Launches Revolutionary High-Tech Products to Enhance Pet Care Experience

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United States, 24th Oct 2024 – Shared Pets LLC, a leading innovator in the pet care industry, is excited to announce the launch of its latest line of smart, high-tech products designed to improve the lives of pets and their owners. Focused on merging advanced technology with pet care, Shared Pets LLC is committed to creating solutions that offer convenience, entertainment, and health benefits for pets and their families.

The company’s mission is clear: to enrich the bond between pets and their owners by offering innovative products that simplify daily care routines and enhance the quality of life for both. Each product in Shared Pets LLC’s collection is designed with the modern pet parent in mind, combining technology and functionality to make pet ownership more enjoyable and hassle-free.

A Vision for Enriching Pet Lives

Shared Pets LLC strives to bring the latest advancements in technology to the pet care sector, ensuring pets receive the best care possible while strengthening the connection between pets and their families. The company meticulously designs and selects its product range to meet the highest standards of quality, innovation, and usability. From smart feeders to health monitoring devices, Shared Pets LLC aims to make every moment spent with pets more rewarding.

“Our mission is to provide pet owners with high-tech solutions that improve their daily interactions with their pets,” a spokesperson for Shared Pets LLC shared. “We recognize the deep bond between pets and their families, and we want to support that relationship with products that offer both practical benefits and joy.”

Innovative Product Offerings for Modern Pet Owners

Shared Pets LLC’s product line includes an impressive range of high-tech pet care tools, such as smart feeders, interactive toys, GPS trackers, and health monitoring devices. These products are designed not only to improve pet well-being but also to provide peace of mind and convenience for pet owners.

  • Smart Feeders: These innovative feeders allow pet owners to manage and monitor their pet’s meals remotely, ensuring proper portioning and timely feeding, even when they are away from home.
  • Interactive Toys: Designed to keep pets mentally stimulated and entertained, these toys offer interactive features that engage pets, helping reduce boredom and anxiety.
  • GPS Trackers: These devices provide pet owners with real-time location tracking, ensuring the safety and security of their pets wherever they may roam.
  • Health Monitoring Devices: Shared Pets LLC’s health-focused devices help pet parents keep track of their pet’s physical activity and well-being, allowing for early detection of health issues and promoting overall fitness.

Crafted with Premium Materials

All Shared Pets LLC products are handmade using high-quality materials to ensure durability, comfort, and safety. The company places a strong emphasis on creating products that meet the highest standards of reliability while maintaining an aesthetic appeal that suits both pets and their owners.

Bringing the Future of Pet Care Today

Shared Pets LLC is dedicated to pushing the boundaries of pet care by leveraging cutting-edge technology to simplify pet ownership and create more interactive experiences. The company invites pet owners to explore its innovative products and discover how technology can enhance the care, safety, and happiness of their pets.

For more Information visit https://sharedpets.com 

About Shared Pets LLC

Shared Pets LLC is a technology-driven company that specializes in creating high-quality, innovative pet care products. Focused on merging the latest advancements in technology with practical pet care solutions, Shared Pets LLC aims to enhance the bond between pets and their owners while providing products that are both functional and enjoyable.

Media Contact

Organization: Shared Pets LLC

Contact Person: PR Contact

Website: https://sharedpets.com/

Email: Send Email

Country: United States

Release Id: 24102418970

The post Shared Pets LLC Launches Revolutionary High-Tech Products to Enhance Pet Care Experience appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Solar Installer Awarded EnergySage Elite+ Status, Offering Quality Solar in 9 States

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Houston, TXIntegrateSun, a leading provider of solar energy solutions, is proud to announce its designation as an Elite+ Installer on EnergySage, the most trusted online marketplace for clean energy. This prestigious recognition solidifies IntegrateSun’s position as a top-tier solar installer and reflects the company’s commitment to providing exceptional service and quality control.

As an Elite+ installer, IntegrateSun joins a distinguished group of solar companies who consistently deliver both quality solar and stellar customer service for over two years on the EnergySage platform. This partnership amplifies both companies’ shared mission to accelerate the transition to clean energy by making solar energy more accessible to homeowners and businesses alike.

“Achieving Elite+ status on EnergySage is a testament to the hard work and dedication of our entire team,” said Waqas Hassan, CEO of IntegrateSun. “At IntegrateSun, we prioritize delivering quality and building trust with our customers. Partnering with EnergySage allows us to expand that mission and reach more people across the country who are ready to embrace clean and sustainable energy.”

Headquartered in Houston, TX, IntegrateSun serves multiple key markets, including Texas, California, Oklahoma, Nevada, Arizona, Pennsylvania, Maryland, Washington D.C., and Georgia. With a strong track record in residential and commercial solar installations, IntegrateSun is poised to further its leadership in the renewable energy sector.

“We’re thrilled to recognize IntegrateSun for achieving Elite+ Installer status,” said Sam Thompson, VP of Marketplace at EnergySage. “Their commitment to providing high-quality solar installations and top-tier customer service aligns perfectly with our mission at EnergySage. This partnership enables us to better serve homeowners looking for trusted, reliable solar installers in their regions.”

About IntegrateSun:

IntegrateSun specializes in delivering cutting-edge solar energy solutions for residential and commercial customers. With a focus on quality, sustainability, and customer service, IntegrateSun continues to expand its footprint nationwide, helping customers harness the power of solar energy for a cleaner future.

For media inquiries, please contact:

hello@integratesun.com

http://www.integratesun.com 

Houston, TX

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Press Release

Royalty Management Acquires Royalty Stream In The Controlled Environment Agriculture Industry

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Provides Royalty Management with an equity interest and royalty stream from sales of patented products that serve the indoor farming and controlled agriculture spaces.Investment continues Company’s target of investments in food security sectors.

FISHERS, INDIANA / October 24, 2024 / Royalty Management Holding Corporation (Nasdaq: RMCO) (“Royalty Management” or the “Company”), an innovative royalty company building shareholder value by acquiring and developing high value assets in a variety of resource-driven and emerging technology industries, is pleased to announce that it has purchased an equity interest and royalty stream from sales of controlled agriculture and greenhouse products produced and sold by a leading-edge innovator in the greenhouse space.  The royalty stream comes from sales of certain innovative, patented consumables used in controlled growing environment.

The amount of the royalty payable to the Company is based on volumes of these greenhouse consumable product sales, and ranges from 1.4% to 2.2% of sales. The seller is expected to start producing royalty income for Royalty Management starting in early 2025. A confidentiality agreement currently in place restricts Royalty Management from disclosing the name of the producer of the greenhouse/controlled agriculture products.

Thomas Sauve, Chief Executive Officer of the Company, stated, “Innovative controlled growing environment platforms that increase food production and yields will be essential for our food security and as regional populations grow. We are thrilled to continue our investment in this critical industry given the need for affordable and productive food based growing environments. This investment, combined with our previous participation as a gold member sponsor of the CASFER technologies (www.casefer.us) provides us direct investment royalties and cash flows from food production and technologies products.. This investment and this company have the ability to revolutionize the indoor agriculture and controlled growing environment space though high-density production of foods and produce. We are excited about this partnership for a variety of reasons, including the potential for further investment and collaboration with our partner and their team on accelerating deployment and innovation of this technology.

About Royalty Management Holding Corporation

Royalty Management Holding Corporation (NASDAQ: RMCO) is a royalty company building shareholder value to benefit both its shareholders and communities by acquiring and developing high value assets in sustainable market environments. The business model focuses on acquiring and structuring cashflow and revenue streams around assets that can support the communities by monetizing the current existing cash flow streams while identifying transitionary cash flow from the assets for the future. For more information visit www.royaltymgmtcorp.com.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those that will be set forth in the “Risk Factors” section of the Company’s registration statement and proxy statement/prospectus to be filed with the SEC. Copies will be available on the SEC’s website, www.sec.gov. The information contained in this release is as of the date first set forth above.  The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media Contact

Organization: Royalty Management Holding Corporation

Contact Person: Thomas Sauve

Website: https://www.royaltymgmtcorp.com

Email: Send Email

Contact Number: +13178559926

Address: 12115 Visionary Way

Address 2: Suite 174

City: Fishers

State: Indiana

Country: United States

Release Id: 24102418971

The post Royalty Management Acquires Royalty Stream In The Controlled Environment Agriculture Industry appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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