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Shovels raised $5 million in a seed round led by Base10 Partners to enhance its building permit data extraction technology for the construction industry.

Jun 10, 2025•6 months ago

Amount Raised

$5 Million

LafayetteAnalytics

Investors

Base10 Partners

Description

Shovels, an AI-powered insights platform, closed a $5 million seed funding round to advance its technology. The round was led by Base10 Partners, bringing the total funding to $6.5 million. Founded in 2022, Shovels focuses on data extraction from building permits across 20,000 jurisdictions. This technology aims to provide valuable insights for various sectors, especially construction.

Company Information

Company

Shovels

Location

3515 MT. DIABLO BLVD.

Lafayette, California, United States

About

Shovels makes building permit data useful. We continuously track, normalize, and categorize hundreds of millions of building permit records across the country. Shovels enables our customers to explore, profile, and derive actionable insights from our database of residential, commercial, and contractor records.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers