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Venture Capital News: StructShare Raises $8M

AUSTIN, TX, StructShare, a construction procurement and inventory platform, has raised $8 million in funding.
StructShare, a construction procurement and inventory platform for specialty contractors, has raised $8 million in funding to solve chronic inefficiencies across the supply chain using digital tools and data analysis.

The round was led by KOMPAS, an early-stage venture capital firm focused on the built environment and construction digitization. There was also participation by first-time contech investors SeedIL, and CEMEX Ventures, the corporate venture capital arm of the multinational building materials company. Existing angel and strategic investors also participated in the round.

Launched in 2021, StructShare has developed a software solution that enables trade contractors to take control of the entire procurement cycle. By automating all procurement processes in the field, office and warehouse, StructShare reduces costs and material waste, prevents purchasing mistakes, and enables full control over spend and inventory.
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