Proptech start-up raises £1.2m in seed funding
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. 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: “The UK construction hire industry is a £20bn market, yet it is poorly served with services not fit-for-purpose in a digital age.
“We’re thrilled to have some amazing investors on board and look forward to leaning on their expertise as we broaden the horizons for Skrap. Our team has huge ambitions to scale across the UK and globally. Having laid the foundations in skip hire, we are fast expanding in all construction hire verticals.
“Skrap is making its mark in industry by introducing the first mobile app that makes it simple and convenient for construction companies to access the resources they need.
“Skrap is well positioned to bring innovative solutions to help transform the industry and make it one beacon of industry once again”.