Leaders at CompanyCam declined to disclose the amount of the round. However, data from private capital market research platform PitchBook shows the investment totaled $415 million<\/a>, which makes it the largest single equity investment round (excluding debt financing<\/a>) in Nebraska startup history.<\/p>\n According to PitchBook\u2019s unicorn tracker<\/a>, CompanyCam, after the latest round of funding, is now valued at $2 billion. That catapulted the company to unicorn status, which in the startup world is a privately held company that is valued at $1 billion or more. That\u2019s a first for any startup founded in Nebraska.<\/p>\n \u201cIt\u2019s a remarkable achievement for a company that\u2019s 10 years old,\u201d said Dan Hoffman, the CEO of Invest Nebraska, a nonprofit venture development organization that was an early investor in the startup. \u201cBeing the first unicorn starting off as an idea in 2015 and reaching this milestone in the year 2025 furthers the ecosystem knowing that these types of companies can be built in Nebraska.\u201d<\/p>\n Hoffman said that CompanyCam\u2019s success is a nod to the early stage capital and talent available right here in Nebraska.<\/p>\n Tech Nebraska Executive Director Emily Allen agreed. \u201cCompanyCam\u2019s achievement marks a defining moment for Nebraska\u2019s tech ecosystem,\u201d Allen said in an email. \u201cReaching a $2B valuation demonstrates that world-class innovation can originate and thrive in our state.\u201d<\/p>\n CompanyCam CEO Luke Hansen founded the startup in 2015 in response to a challenge he faced in his family\u2019s roofing business.<\/p>\n In an excerpt from an interview with SPN that year<\/a>, he said, \u201cI built this as a solution for a problem we were having at White Castle Roofing. I had searched on and off for months, trying to find software that would help us manage jobs better, and I found a few that kind of, sort of worked, but ultimately just decided that if I couldn\u2019t find something that could do what I wanted, I would just create it myself.\u201d<\/p>\n The CompanyCam app launched in the iTunes marketplace (now the App Store) on July 1, 2015. The original version used photos and GPS to help contractors monitor the progress of all their job sites \u2014 instantly, from anywhere. In the process of solving his own problem, Hansen created a solution that appealed to other contractors. And his background in the industry positioned him as a compelling first salesperson for CompanyCam.<\/p>\n Today, the CompanyCam app has more than 21,000 reviews and a 4.8 star rating in the App Store.<\/p>\n In 2016, CompanyCam was awarded a $50,000 Prototype Grant<\/a> under the recently halted state Business Innovation Act<\/a>. The startup went on to receive funding from Invest Nebraska and raised $38 million in venture funding while growing the company to more than 200 employees by 2022.<\/p>\n Speaking on a panel at the 2025 Tech Nebraska Summit<\/a>, CompanyCam CFO Tullen Mabbutt cited the importance of the early stage funding the company received from Nebraska investors as an important catalyst for the company\u2019s growth and success.<\/p>\n Prior to the Series C round, CompanyCam raised a $30 million Series B in 2021<\/a>, led by Insight Partners.\u00a0<\/p>\n \u201cInsight Venture Partners is a tier one investor. They manage a $90 billion asset fund that invests in tech,\u201d Mabbutt said. \u201cCompanyCam would not be where we are today without Insight Ventures being a part of our board, investing in us and helping us solve the problem \u2014 the hard problems of scaling.\u201d<\/p>\n \u201cInsight Venture would not have been on our board if it wasn\u2019t for all of the other things that happened \u2014 the prototype grant, being able to get seed raised in Nebraska \u2026 Getting to that next step is what feeds the ultimate thing that everyone wants,\u201d he continued.<\/p>\n Other CompanyCam investors include Nelnet, JMI Equity, Blueprint Equity, WndrCo and Decades Holdings.<\/p>\n \u201cEarly innovation funding in Nebraska today means future, scalable companies starting in Nebraska,\u201d said Jason Ball, CEO of the Lincoln Chamber of Commerce. \u201cThe Prototype Grant alone returns $13 to every $1 invested by the state<\/a> of Nebraska. Other programs funded through the Business Innovation Act have led to the infrastructure and ecosystem that makes Nebraska a competitive place for startup companies.\u201d<\/p>\n The fact that the Business Innovation Act funds provide non-dilutive capital, which does not require entrepreneurs to give up any ownership in their company, is critical to help founders develop a proof of concept that they can take to the market to validate their solution, Invest Nebraska\u2019s Hoffman said.<\/p>\n CompanyCam is still \u201call in on Nebraska\u201d with 161 employees based at the Lincoln headquarters as of September \u2014 a 20% increase in headcount since 2023, according to an email to SPN from Haley Gonzales, a spokesperson for CompanyCam.\u00a0<\/p>\n As an investor in CompanyCam, Hoffman receives updates on the company\u2019s progress and plans. He said CompanyCam intends to hire another 50-60 employees in the next year. The average age of CompanyCam employees is 32 years old, he added. \u201cIf we want to address the brain drain in Nebraska<\/a>, these are the types of companies we need to grow.\u201d<\/p>\n Beyond brain drain, there are real economic benefits to supporting high-growth tech startups in the state.<\/p>\n \u201cI might just add, all the tech companies \u2013 whether it\u2019s Buildertrend or Hudl or Flywheel or CompanyCam \u2014 all of these companies provide some type of stock incentive plans to their employees,\u201d Hoffman said.<\/p>\n \u201cAs a result of that, when these companies grow to the point that CompanyCam has grown, it makes a lot of those employees instantly very wealthy individuals because of working at a company from the very beginning to this point,\u201d he said. \u201cIt creates a lot of wealth in Nebraska that otherwise is not being created by traditional companies.\u201d<\/p>\n That wealth contributes to the local economy through growing the tax base, and it puts individuals in a position to invest in future startups as angel investors.<\/p>\n \u201cI\u2019m not afraid to say it, we\u2019ve created liquidity,\u201d CompanyCam CFO Mabbutt said from the Tech Nebraska stage. \u201cThere\u2019s been a lot of taxes paid locally, and people that are now in a position to reinvest.\u201d<\/p>\n![\"\"](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2025\/11\/Nebraska-Valuation-Snapshot-2025-CompanyCam-800x700px.png\")
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