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/