Nuqlea

Nuqlea operates as a digital B2B platform aiming to transform the construction industry in Argentina by creating an integrated ecosystem. Founded in 2021 by a diverse team including former Dow CEO Gastón Remy, ex-pro basketball player Pepe Sánchez, and tech entrepreneurs, the company targets the inefficiencies within the sector's traditional, linear value chain. Remy, with his extensive corporate background at Dow and Vista Oil & Gas, brings leadership and a transformational vision, spurred by his experience with the social initiative #SeamosUno during the pandemic. This venture was born from an idea presented to Remy years prior by Francisco Brañas, now a co-founder, who had developed an algorithm for construction material calculations.

The company's core offering, Nuqlea Studio, is a digital marketplace and procurement portal that connects construction companies, manufacturers, distributors, financial entities, and logistics firms. This platform facilitates a circular, collaborative model, moving away from the fragmented and inefficient linear paradigm. Clients, ranging from large construction companies and cooperatives to individual builders, can manage entire projects, from quotes and purchase orders to invoicing. Nuqlea offers a catalog of over 40,000 products and provides transparent tracking and optimized delivery of materials. A key feature is the integration of financial services, offering vital credit and financing options to members through partnerships with institutions like Banco Galicia. The business model operates on a B2B2C framework, enabling manufacturers and distributors to set up their own white-labeled channels while providing a comprehensive procurement service to customers. Nuqlea's asset-light model, which avoids holding its own inventory, is a strategic choice for navigating the current investment climate.

Nuqlea has successfully secured significant funding, including a $3 million seed round in 2022 and a $750K extension in February 2024, bringing its total funding to $4 million. The company has attracted a notable group of investors, such as Newtopia VC, Foundamental, former NBA player Emanuel Ginóbili, and Auth0 co-founder Matías Woloski. Since its launch, the platform has onboarded over 50 construction companies and cooperatives and has plans for regional expansion after solidifying its presence in Argentina. The firm also aims to incorporate a training and job board for construction workers in the future.

Keywords: construction technology, B2B marketplace, procurement portal, digital construction, building materials, supply chain logistics, contech, project management software, construction finance, property technology, proptech, digital ecosystem, Argentina construction, construction value chain, materials procurement, financing solutions, logistics optimization, B2B2C platform, construction invoicing, collaborative platform