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- 🛻 Uber for construction
🛻 Uber for construction
This startup just raised $42M to disrupt the construction delivery process
Ben Hofer
June 12, 2023
Welcome to another exciting week in PropTech where we provide a weekly roundup of the latest in PropTech startups, news, highlights, and more!
🌟Who is our PropTech Star of the week? Let’s find out! 👀
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📰 TLDR
Woltair raises additional €20.5M
LendingStandard raises $6.7M
EliseAI Raises $35M in Series C
Curri raises $42M in Series B
Plot Raises $2M
Boom Raises $4.5M in Seed
🌟PropTech Star of the week: Curri is a platform focused on last-mile logistics for the construction industry.
🙌This week’s edition is brought to you by…
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❗Highlights in PropTech
Woltair raises additional €20.5M
Woltair specializes in the sale, installation and service of heat and power sources.
In addition to designing and installing heat pumps and photovoltaic equipment, Woltair also provides professional assistance with the retrieval of government subsidies and consumer financing for the technology.
Woltair is officially launching in Germany and plans to enter Italy during the second quarter of this year.
Woltair has served over 3,000 customers and is estimated to have saved more than 9,000 tons of Co2 emissions from the atmosphere.
LendingStandard raises $6.7M
LendingStandard offers commercial real estate (CRE) lenders a cloud-based platform to manage the loan process across all their products.
LendingStandard’s platform has also expanded to cover a larger spectrum of loan types, from Fannie Mae and Freddie Mac loans to balance sheet lending.
LendingStandard is used by 3/10 top 10 U.S. lenders.
EliseAI Raises $35M in Series C
EliseAI is an AI platform serving the multifamily and single-family rental housing industry.
ElisAI automates conversations between tenants and buildings via multiple channels while also automating workflows through integrations with key software systems.
EliseAI currently serves 1.5 million units across 200 customers.
Plot Raises $2M
Plot is a digital workspace to manage Jobsite, with features such as Delivery Calendar, Logistics Map, and Structured Messenger.
Plot will also be launching a new Lead Time module targeting construction material ordering and shipment.
Boom Raises $4.5M in Seed
Boom provides renters with rent payment tools that enable them to pay on the schedule they define and build credit in the process.
🌟PropTech Star of the week: Curri
Curri is revolutionizing the world of construction logistics, by providing speedy and efficient delivery of construction supplies. This California-based startup just raised a $42M Series B. Curri offers an on-demand logistics platform to expedite the supply of building materials to jobsites.
Basically, the Uber of delivery for construction materials.
Aiming to revolutionize construction logistics, Curri is simplifying the process of transporting materials from point A to point B. Be it plumbing parts, electrical equipment, or large-scale construction material, Curri offers on-demand delivery services, ensuring projects continue without a hitch.
This solves a real pain point. Often, construction companies run out of materials or need a last minute item, at which point there are two options: leave the job site and go to the nearest building supply store OR call the building supply store and have it delivered. However, delivery for the same day is often not an option.
Curri’s industry use cases
Why we like Curri?
Curri’s same day delivery ensures costs are saved on both the contractor and building supplier sides: fuel costs, time wasted traveling, and labor costs.
The key components of Curri’s services include:
On-demand delivery service. Their range of vehicle options ensures that materials of all sizes can be transported efficiently, eliminating the need for multiple deliveries or providers.
Integration with existing software, such as existing procurement and project management software, allowing for streamlined operations. This way, companies can place orders directly from their existing platforms, minimizing disruption and saving valuable time.
Real-time tracking for all deliveries, helping project managers plan their schedules more effectively.
Transparent pricing to help users maintain control over their project budgets.
Curri provides a network of local, insured, and background-checked drivers that handle delivers for Curri’s users. With vehicles in all shapes and sizes, Curri enables users to send/deliver a variety of materials.
Curri platform interface
What are the risks?
Uber already has a platform for logistics (Uber Trucks) that operates under similar models for the trucking industry. IF Uber were to incorporate construction material transport, Curri might face pressure from Uber’s network in approximately 70 countries (10,500 cities), 131 million monthly active users, and 5.4 million active drivers and couriers worldwide.
Curri’s “Drive-to-Earn” model
We at PropTech Stars are excited about Curri's innovative approach to construction logistics. By transforming the way materials are delivered to construction sites, Curri is not only helping construction projects run smoothly but is also driving efficiency (and thereby cost savings) within the industry.
🔎Interesting Reads, Events, Resources
Reads
New to PropTech? Checkout this introductory (link)
Want to learn more about LEED certification? Start (link)
PropTech Outlook for Midyear 2023 (link)
Can PropTech help the Climate Crisis? Anthony Slumbers talks to TechCrunch+ (link)
Proptech Investments Have Slowed Down This Year. But Long-Term Outlook Remains Positive. (link)
Events
Realcomm - Las Vegas - 14-15 June, 2023
digital-bau - Munich, Germany - 4-6 July, 2023
iOi Summit - Miami, FL - 29-30 August, 2023
Europe’s Largest PropTech Event - InterContinental London - The O2 | 6th - 7th September, 2023
BluePrint Vegas Event is coming up @ the Venetian, Las Vegas | 11-13 September, 2023
CRETech New York - New York, NY | Jacob Javits Center 19-20 Septmeber, 2023
Resources
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