Prolo Raises €4.9M Seed

Prolo, a London-based startup that provides an AI-powered procurement platform for the construction industry, has secured €4.9 million in Seed funding. The company aims to modernize supply chain processes for SME construction firms by leveraging artificial intelligence to help contractors access better rates and streamline order management.

Investors

The funding round was led by Triple Point Ventures, with participation from a consortium of investors including Anamcara Capital, Concrete VC, Foundation Ventures, Haatch, Koro Capital, Love Ventures, and Portfolio Ventures.

Prolo Use of Funds

Prolo plans to utilize the newly raised capital to fuel its go-to-market sales and marketing efforts. Additionally, the funding will support the acceleration of new technology development and product rollouts.

About Prolo

Founded in 2024 by James Morris-Manuel, Prolo provides an efficient procurement platform designed to optimize the acquisition of materials, equipment, and plant hire. The platform uses AI, including large language models and voice transcription, to assist SME construction firms in navigating supply chain friction and securing competitive pricing traditionally reserved for larger enterprises.

Funding Details

Company Website: https://prolo.io

Company: Prolo
Raised: €4.9M
Round: Seed
Funding Date: July 14, 2026
Lead Investor: Triple Point Ventures
Additional Investors: Anamcara Capital, Concrete VC, Foundation Ventures, Haatch, Koro Capital, Love Ventures, Portfolio Ventures
Software Category: PropTech
Source: https://www.eu-startups.com/2026/07/london-based-prolo-secures-e4-9-million-to-bring-ai-powered-procurement-to-sme-construction-firms/