Tough Leaf
A platform that empowers minority and women-owned businesses to win more projects in the construction industry.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
* | $4.5m | Early VC | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 221 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Tough Leaf is a unique startup operating in the business-to-business (B2B) sector, specifically focusing on the construction and development industry. Their primary service is an AI-powered platform that connects contractors with certified Minority Owned, Women Owned, Disadvantaged, Service Disabled and Veteran Owned, and Local Business Enterprises (collectively referred to as MWBEs). The platform uses advanced algorithms to match contractors with MWBEs that meet their specific qualification requirements, including bonding, insurance, union affiliations, and certification requirements.
Tough Leaf's business model is centered around facilitating these connections, thereby empowering MWBEs with project opportunities and capacity building services. These services include insurance, bonding, financing, payroll, tax credits, staffing, and health benefits solutions. This not only helps MWBEs grow but also assists contractors in achieving their compliance goals.
The startup generates revenue by providing a platform for these transactions to take place. It's likely that they charge a fee for their matching service, either as a subscription or on a per-match basis. They may also earn income from the additional capacity building services they offer.
Tough Leaf's clients are primarily contractors and other hiring entities such as developers, engineering firms, hospitals, and schools. These clients are looking for qualified MWBEs to fulfill their project needs and compliance requirements.
Keywords: B2B, Construction, Development, AI-Powered Platform, Minority Owned, Women Owned, Disadvantaged, Service Disabled, Veteran Owned, Local Business Enterprises.