Comstruct Raises $13M to Revolutionize Construction Procurement with Software
Comstruct's $13M funding will digitize construction procurement, boosting efficiency and sustainability.
Matilda
Comstruct Raises $13M to Revolutionize Construction Procurement with Software
Munich-based startup Comstruct secures $13 million in Series A funding to digitize and streamline the procurement of construction materials, tackling inefficiencies and promoting sustainability in the industry. In the world of construction, the term "platform" usually evokes images of concrete structures and scaffolding. But Comstruct, a Munich-based startup, is building a different kind of platform – one that exists in the digital realm. This innovative company has developed a software solution aimed at revolutionizing the procurement process for construction materials. Large-scale construction projects often grapple with cumbersome procurement procedures. Many suppliers still rely on paper-based systems, with orders placed over the phone and invoices sent via mail. This leads to significant delays, reconciliation challenges, and difficulties in generating comprehensive data reports. Comstruct has recognized these pain points and developed a platform to address them. The compa…
