Proptech start-up raises £1.2m in seed funding

28 August 2020 | Construction, General

Proptech start-up ‘Skrap’, which aims to deliver skip and construction hire related services on-demand by ordering via a mobile app, has raised £1.2m in seed funding to accelerate growth across major cities.

The fundraise was led by Vanneck Investments, with participation from a host of entrepreneurs and angels investors.

Skrap allows SME Builders to order any construction hire service through a mobile app; operating in an industry already worth £20bn. Based out of Wembley in London, Skrap has already worked with hundreds of suppliers across London, Manchester and Birmingham to complete over 10,000 deliveries to thousands of SME Builders since being founded in 2017.

Skrap’s vision is to automate the entire construction hire supply chain, and intend to do so across major cities globally over the coming years. Founders Marwan Field, Hussain Hilli and Ahmed Rao (pictured) came across the problem whilst running a construction business where they say logistics were “disorganised and fragmented”, prices were “asymmetric” and the marketplace of suppliers and brokers were doing everything manually.

Co-founder Hussain Hilli said: “Our team has huge ambitions and plans to scale across the UK and globally, we are now expanding aggressively on all construction hire verticals.

“Skrap has carved a category in this industry by introducing the first mobile app, making it simple and convenient for construction companies everywhere.”

This post has originally been featured in Property Wire.