CutStruct
Provides products and services that help buy materials, hire for, and manage construction projects more efficiently and effectively.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
* | $1.5m | Seed | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 149 % | 114 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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CutStruct is a Nigerian construction technology company that operates a B2B marketplace for construction materials. The platform connects real estate developers and contractors with vetted suppliers, aiming to streamline the procurement process and ensure the quality of materials.
The company addresses the challenges of price volatility and material quality in the Nigerian construction market. By providing a centralized platform, CutStruct enables buyers to compare bids from multiple suppliers, secure competitive pricing, and track their orders. The platform also offers project management features to help clients manage their construction projects more efficiently.
CutStruct's business model is centered around its marketplace, likely earning revenue through commissions on transactions or subscription fees from its users. The company has demonstrated significant growth, having raised $1.5 million in a seed funding round to expand its operations and further develop its platform.
Keywords: construction procurement, building materials, B2B marketplace, proptech, Nigerian startup, construction management, supply chain, material sourcing, real estate development, contractor services