ProcurePro, a Brisbane, Queensland-based Construction contracting tech startup, raised $2.6 million in a seed round.

The funding round included several local construction industry executives, including Geoff Tarrant, co-founder of construction progressive payments fintech Payapps, and several Australian and US-based investors. It can be used to speed up Australian and worldwide progress plans.

Company: Blenktech Pty Ltd.

Raised: $2.6M

Round: Seed Round

Funding Month: October 2021

Lead Investors: 

Additional Investors: Geoff Tarrant

Company Website: https://procurepro.co/

Software Category: Digital procurement & subcontract management software

About the Company: Founder and CEO Alastair Blenkin launched ProcurePro in Brisbane in 2020. ProcurePro's digital procurement & subcontract management software empowers Construction Companies to streamline subcontractor engagement, helping to increase efficiencies, improve quality, enhance governance, leading to higher project margins & profitability. ProcurePro platform launched in April and it’s been used on greater than 50 building tasks.

Source: https://hindimebio.com/proptech-startup-procurepro-raises-2-6-million-seed-round/