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To create the infrastructure for construction companies to collaborate and transact with their supply chain.
The construction industry is one of the world's largest industries, with a yearly spend of more than $10 Trillion. However, it's been slow to digitise. A big reason for this is down to the complex supply chain for commercial projects that involves several specialist subcontractors and suppliers that support in the delivery of a project.
Coreloops is a B2B SaaS platform for construction contractors to source, manage and pay their suppliers. These processes have typically been manual, time-consuming and prone to error. Not only does the platform help automate them, it also captures data that is typically lost. This data is critical in helping contractors to track and predict project delays, enhancing productivity and profit.
Well-funded, the company - which was originally called GigBridge - has seen positive growth thus far. As it continues to make strong partnerships and develop its innovative platform, Coreloops is well-positioned to find further expansion opportunities.
Kirsty
Company Specialist at Welcome to the Jungle
Oct 2024
$1.3m
SEED
Feb 2024
$0.3m
SEED
This company has top investors
Gabriel Makinwa
(Founder & CEO)Co-Founder and former CEO of GMK Media, who also co-founded Gevva. Former Partnerships Manager at TaskRabbit.