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From a family roofing business to $10M CAD in seed funding

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Monthly Archives: June 2021

From a family roofing business to $10M CAD in seed funding

How a 3rd generation roofer is disrupting the roofing market

For years, roofing has been seen as a traditional industry, relying on skills passed on from one generation to another. After working in the space for nearly 12 years, Richard Nelson, Founder and CEO of RoofR, saw an opportunity to introduce an innovative solution to modernize and digitize the field.

RoofR’s software allows roofers to measure any roof from anywhere with near pinpoint accuracy through aerial imagery and creates polished proposals that help seal the deal. Their tools help roofers streamline their workflow, helping both homeowners and contractors.

We caught up with Richard to learn more about how their company has evolved over the years, their recent raise, and what they have in store for the future.  

For years, roofing has been seen as a great trade in the construction industry, but not necessarily an industry that adopts new tech solutions. As a third-generation roofer by trade, could you tell us a bit about what led you to found RoofR?

Richard Nelson working as a roofer at the beginning of his career.

“The first time I was on a roof, I was 12 years old. Roofing was our family business: my grandfather was a roofer, my uncle was a roofer, and my dad was a roofer. I was a part of the family business for nearly 12 years and then took a job with one of the largest roofing contractors in Toronto. I soon realized how broken and archaic the roofing industry was, and knew I needed to do something to fix it. 

So I decided to quit my job, sell my house, and put everything I had into RoofR. Together, with my partner and CTO Kevin Redman, we decided it was time to disrupt the industry. 

What I realized as a roofing contractor and salesman was just how many inefficiencies existed. Consumers did not have a way to find good roofers, and there was a lack of tools available for roofers to streamline their workflow digitally.

This sparked the vision of creating an end to end roofing platform that helps both homeowners and roofing contractors — a software as a service (SaaS) for roofers.”


“This sparked the vision of creating an end to end roofing platform that helps both homeowners and roofing contractors — a software as a service (SaaS) for roofers.”

How would you describe the experience of introducing a new tech platform to a market that may be hesitant to change? How did you break into the industry?

“I come from a family of roofers, and even some of my family members were a bit skeptical of the idea. Traditionally, the construction industry was not tech-enabled, but ultimately I understood the pain points that these roofers were going through, living it myself.”

Richard knew that if he could build a really powerful, but simple software for roofers to utilize, he could make a big difference in the industry. 

“As we began to roll out SaaS features, specifically the measurement tool that allows roofers to measure through satellite, there was certainly some push back from roofers who typically use a tape measure.”

Rather than driving to a client’s house to take measurements, go back to the office, and then return with a final quote, roofers can enter an address in their system and have a complete roof measurement within minutes that auto-calculates material quantities and creates a professional proposal a customer can e-sign. 

“Once we explained to roofers the benefits and the value that we add, that skepticism was pushed aside and they were willing to adopt.”

When the pandemic hit, going digital was inevitable for roofers. This presented an opportunity for RoofR to really solidify its position in the space. Roofers needed to be able to provide quotes and proposals to homeowners digitally, so they had no other choice than to look for reliable solutions they could trust in order to keep their clients safe. Roofr was the solution.

Could you explain to us exactly how the RoofR platform works?

“We enable roofers to measure any roof, from their desk, or in the field, in under two minutes with near pinpoint accuracy through our aerial imagery software. Roofers can then take those measurements and auto populate proposals that can be sent to their customers for e-signature.”

From measurement, to proposal, to a signed contract, RoofR has created a sales toolbox for roofers — automating the entire process under one platform. 

It was recently announced that RoofR secured $4.25 million USD in funding, bringing your new total amount raised to $8.25 million. What does this new round of funding mean for the company, and do you have any specific plans?

Kevin Redman CTO, and Richard Nelson CEO of RoofR.

“We are obsessed with providing a world class customer experience. We go above and beyond with every single customer, even if it doesn’t necessarily scale. With this investment, we plan to build out our sales, customer success, support, and engineering teams to help drive this world-class experience.

What impact did the DMZ have on RoofR’s trajectory?

I was not able to get a meeting with a venture capitalist (VC) before my time at the DMZ. Within two weeks of being part of the program, I had a handful of meetings with VCs that were able to help me refine my pitch. 

Our time at the DMZ helped set us up for our Y Combinator interview. I was able to connect to other founders that had also gone through the YC interview process, and had mock interviews to get hands-on investor practice. I credit a lot of us getting into Y Combinator to the DMZ.”

Moreover, the DMZ was able to help RoofR expand its network and gave the startup a sense of community. “Whenever I needed help, I could walk into the DMZ’s common space and find someone knowledgeable to ask questions, or reach out via email. It was a sense of community that I really loved. And I needed it at that time, because being a solo entrepreneur can be wildly lonely.”


“Whenever I needed help, I could walk into the DMZ’s common space and find someone knowledgeable to ask questions, or reach out via email. It was a sense of community that I really loved. And I needed it at that time, because being a solo entrepreneur can be wildly lonely.”

As an Alumni-in-Residence at the DMZ, what has been your favourite part about mentoring other startups?

“I get a lot of joy out of being an Alumni-in-Residence. I love giving back and helping founders with advice and insights to help them avoid the same mistakes that I’ve made. Being exposed to all the other innovative startups and business models that are being leveraged is also very captivating.”

Richard played a part in helping DMZ alumni company Turing Labs get into the Y-Combinator as well, which he described as “an incredible moment that allowed him to give back to the community.” 

What advice would you give to a fellow founder who is looking to raise funds for their startup?

“When you do get a chance to meet with an investor, make sure you know your numbers. This is a mistake that will affect your credibility. Investors will likely ask you about your growth rates, unit economics and number of active users…etc, so make sure you are prepared.

Focus on telling a story. Rather than just reading off of slides, paint the bigger picture. Remember that as a seed stage company they are often investing in you rather than the company. Sell yourself – why are you the best person to build this multibillion dollar company? Can you pivot if need be? Make sure to really craft the narrative around the size of the opportunity, why now is the time, and why you’re the best person to do this.”

“Remember that as a seed stage company they are often investing in you rather than the company. Sell yourself – why are you the best person to build this multibillion dollar company? Can you pivot if need be? Make sure to really craft the narrative around the size of the opportunity, why now is the time, and why you’re the best person to do this.”

Are you also obsessed with providing world-class customer experiences? RoofR is growing rapidly and has a wide-range of positions available including, sales, product, engineering, finance, and customer success. Head over to jobs.lever.co/Roof to learn more! 

The DMZ has transformed to offer a brand new startup experience

We’re taking a personalized approach to startup support and delivering a more hands-on, tailored experience for startups  

Many startup incubators that exist today still take a ‘one-size-fits-all’ approach when providing support to startups, meaning founders receive the same programming and services across the board.

At the DMZ, we know how important specialized support is when creating a business; strong foundations are key to building pathways to success. Each startup has a unique set of challenges, and our new model takes a personal approach to support, focusing on one-on-one mentorship to help overcome them. 

With a rising demand for early-stage startup support at the onset of the pandemic and a lack of resources and programming available, the DMZ knew it was time to refocus efforts and fill a pivotal gap for founders in the ecosystem.

The DMZ’s new Incubator model has evolved to take a more customized, hands-on approach in an 18-month program to help founders obtain market validation and gain traction.

So what exactly is different about the DMZ’s new Incubator model? Let’s dive into it, shall we?

The DMZ’s Incubator now offers startups:

  • Smaller and more intimate cohorts of no more than 15 startups
  • 18 months of hands-on support, segmented into three, six-month phases to help founders achieve product-market fit, maximize early sales, and attract investment opportunities
  • A customized approach to addressing a founder’s startup challenges: executing a go-to market strategy, acquiring lighthouse customers, gaining media exposure, exploring global expansion, preparing for the next round of funding, and more
  • 60+ hours of one-on-one time with Entrepreneurs-in-Residence, in-house subject matter experts and additional time with DMZ staff
  • Exclusive perks and discounts from 100+ partners including AWS, Google, Hubspot, and more worth over $600K in business savings
  • More curated workshops and peer-to-peer sessions to share insights, lessons learned, and best practices on a wide range of topics
  • More support with fundraising strategies, pitch coaching, and getting introductions to investors in the DMZ’s VC and angel investor networks within Canada and beyond

Beyond the Incubator program revamp, the DMZ has also launched other programs over the last year, including its Pre-Incubator, to support founders who aren’t eligible for the Incubator yet.

The DMZ’s vision is to support the full entrepreneurial journey of an early-stage founder: from personal founder development, to business ideation, product development, sales growth, and scaling.

Giving a hand to those who need it most.

The DMZ recognizes that underrepresented founders face various barriers when it comes to starting and growing a business, including being subject to systemic racism and inequities that have only been heightened by the pandemic. 

To help create a more equitable and inclusive startup ecosystem, the DMZ has also expanded its programming for Black and women founders, equipping them with an additional stream of tailored resources they can tap into.

Startups with at least one founder who self-identifies as either Black or a woman will have additional peer-to-peer support, intros to funders dedicated to Black and women-led ventures, partnership and pilot opportunities, marketing and PR opportunities, special resources, events and more.

Don’t just take it from us – check out what founders from our inaugural cohort had to say about our revamped model.


“We have seen tremendous growth in our company and in our ability as a team to execute and strategize — the support has been fantastic. The Entrepreneurs in Residence (EIRs) that we have worked with are literally extensions to our team. The other companies in the cohort have been supportive and transparent in sharing their experiences with us, sharing great resources that can benefit everyone.” – Ayodele Pompey, CTO and Co-Founder of SmartTerm 

“Many of the same problems exist for all startups, and by working alongside experienced mentors who have walked the same path, you can accelerate and understand the challenges at hand with greater clarity. The DMZ is truly a fast track to growing your startup.” – Sarah Rennick, Founder of Alli

 

“The DMZ is truly a fast track to growing your startup.” – Sarah Rennick, Founder of Alli 

“Being in DMZ’s Incubator program is like having a GPS for your startup journey, and the Black Innovation Program is the ‘Iron Man’ to DMZ’s ‘Avengers.

By itself, the BIP program is a fantastic offering. When you combine it with DMZ’s Incubator program, it extends the level of support available to someone like myself as a founder of colour. The last 12 months have brought renewed acknowledgement of social issues facing the Black community, which the tech industry is guilty of as well. But rather than looking back, the DMZ is building a tech ecosystem where Black founders are well represented and can access the resources they need to build great products and companies.” – Baba Ajayi, Founder of Andie

“Being in DMZ’s Incubator program is like having a GPS for your startup journey.” – Baba Ajayi, Founder of Andie

“As a part of the Incubator, we have a customized plan that was created for us to grow and dedicated mentors to work with. DMZ’s focus since day one has been on practicality, providing us with real tangible support to grow and succeed.” – Zach Sheng, Co-Founder of Charmy Pet

 

 

 

While our model has evolved significantly, all DMZ programming remains to be driven by the same four founding pillars:

Community: The DMZ allows founders to tap into an unmatched local and global community.  Founders will build relationships, grow their professional network and connect with like-minded peers. 

Coaching: Startups have access to years of experience in the industry with more than 20 of the DMZ’s Entrepreneurs-in-Residence, specializing in sales, marketing, product, leadership, technology, operations and more.

Customers: The DMZ helps founders power their sales engine, connect with the right customers and fast-track growth. Startups will learn how to drive customer acquisitions.

Capital: Founders will learn how to create fundraising strategies, develop data rooms, get pitching practice and receive valuable introductions to investors.

Think you have what it takes to scale your business?

The DMZ is looking for promising and high-impact tech entrepreneurs who are ready to take their startups to new heights. 

Do you have:

  • A business dedicated to solving a compelling problem using innovative technology
  • At least one full-time founder dedicated to the program
  • A driven, coachable, and collaborative leadership team
  • An in-house technical lead
  • A functional MVP
  • The ability to become a venture backable business in a growing market

Head over to dmz.to/incubatornews to apply for our next Incubator cohort, kicking off this September. Applications are open until July 31, 2021. 

Not quite ready for our Incubator yet? Check out our pre-Incubator program, Pre-Incubator.

Make sure to follow us on Instagram @RyersonDMZ to catch our alumni success stories all summer long.