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When you think about platforms in the construction industry, you think about the concrete platforms designed to support steel beams and tall columns. Munich Based Start Forbidden Wants to prepare a different platform to digit the construction industry – a software platform.
And the initial investors that are available by GV and 20VC announce a number of dollars in a round with a round of Boom and puzzle ventues.
Core is a Purchase Platform for fine building materials. Processing materials for large-scale projects, material companies can still be carried out for printing delivery notes and invoices. Orders often happen on the phone and can be difficult to reconcile and create comprehensive data reports.
“Today, the procurement process of construction materials is a very analogue. You can call a phone to order 10 cubic meters next Thursday. Then you receive a physical delivery note on an Excel report,” Co-Fonder and CEO Henrik Meinhardt TechCrunch. “Then sometimes they sent it to the head office, where they can manually compare their invoices.”
Each material supplier can make its own application to process orders. But the problem is that the contractors do not want to contact them with a different application to contact them and receive a document. The committee is also the place to build a platform connecting these processes.
Comstruct has established the first contact to understand how they got their materials. They usually work with numerous suppliers depending on the accommodation of construction sites and other special needs.
“We are approaching these material suppliers. We call them and ask them? How can you share information? Do you have an email that you can send the information? Then we are building the information,” said Meinhardt.
After startup, each supplier uses a machine that learns to connect on the platform. “This technical development has allowed to connect 800 financial suppliers in the last two years, which is already a significant significant amount,” he said.
The company started working in Switzerland first. And it was reconstructed that it already has 70-80% of the suppliers required on the platform, which already has a good coverage of the material industry in Switzerland. At present, it is expanding to Germany, Austria and other European countries, depending on the construction projects.
The order has installed four modules on this information fold in digital delivery receipts, invoice reconciliation and ESG report. The starting price based on a simple documentary price strategy selected.
“By Europe (corporate resilience reporting), how much the material should be to the construction projects. And so far they do not know how concrete … There are no numbers,” said Meinhardt.
Compete with independent Kojo In the USA or QFlow In the UK, but every opponent has a unique position. According to Meinhardt, Kojo “QFLow” focuses on a lot when paying attention to waste management. “
Some large-scale construction sites used several tunnel projects, including several tunnel projects, including a large train project in Stockholm and Munich, including a large train project in Munich. For example, the Gotthard Tunnel Project (described below) in Switzerland is relied on compensation to manage all shipping records and close the invoices.
