Procore Technologies to Acquire DroneDeploy for Approximately $845 Million

Cooley advised Procore Technologies, the leading global provider of construction management software, on its agreement to acquire DroneDeploy, the robotics and visual intelligence platform for the built world that is used on over 3 million jobsites across more than 180 countries. Procore will acquire DroneDeploy for approximately $845 million in cash, subject to customary purchase price adjustments. 

In connection with the transaction, Cooley also advised Procore on obtaining a commitment for a bridge financing of up to $700 million to finance a portion of the acquisition consideration.

The transaction was announced publicly in the following press release, which can be viewed here.

Garth Osterman, Erin Kirchner, Mischi a Marca, Adam Longenbach, Logan Tiari, Jon Avina, Anne Luquette, Tracy Rubin, Eileen Marshall, Austin Holt, and Allison NostDahl led the Cooley team advising Procore.

Joanna Leung, Brionne Frazier, Yoni Horn, Matt Kong, Amanda Pacheco, Megan Browdie, Stella Sarma, Kristen Matthews, Cristina DeBiase, and Sharon Connaugton provided invaluable support.

Cooley has served as Procore Technologies’ primary corporate and transactional counsel for over a decade. During that time, the firm has advised the company on a variety of matters, including the acquisitions of BIManywhere (2018), LaborChart (2021), Unearth Technologies (2023), and Datagrid AI (2026). Cooley also advised Procore on its $30 million Series E financing (2015), $80 million Series F financing (2016), $50 million Series G financing (2016), $75 million Series H financing (2018), and its approximately $700 million IPO (2021).

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation.

Cooley has nearly 1,400 lawyers across 19 offices in the United States, Asia and Europe, and a total workforce of more than 3,000 people.