Prolo
It provides AI-powered procurement software aimed at helping small and midsize construction firms manage purchasing workflows.
Overview
Prolo builds AI-powered procurement technology for the construction sector, with a focus on small and midsize firms. Its product targets procurement workflows in a market where smaller contractors may lack access to purpose-built, AI-enabled purchasing tools. The London-based company raised a $5 million seed round, described as €4.9 million, to support its push into AI-powered procurement for SME construction firms. Its differentiation is its sector-specific focus on construction procurement rather than a broad enterprise purchasing platform.
Funding History
London-based Prolo secures €4.9 million to bring AI-powered procurement to SME construction firms
Frequently Asked Questions
- How much has Prolo raised in total?
- Prolo has raised a total of $5M across 1 funding round.
- Who are Prolo's investors?
- Prolo's investors include Triple Point Ventures.
- What does Prolo do?
- Prolo builds AI-powered procurement technology for the construction sector, with a focus on small and midsize firms. Its product targets procurement workflows in a market where smaller contractors may lack access to purpose-built, AI-enabled purchasing tools. The London-based company raised a $5 million seed round, described as €4.9 million, to support its push into AI-powered procurement for SME construction firms. Its differentiation is its sector-specific focus on construction procurement rather than a broad enterprise purchasing platform.
- Where is Prolo headquartered?
- Prolo is headquartered in London, UK.
Investors
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