DigiBuild Analysis: $4M Raised
What is DigiBuild?
DigiBuild offers automated material management and procurement software to enhance construction supply chains, reducing costs and improving project efficiency.
Employees
15
Founded
2018
Revenue
$4.4M
Product Features & Capabilities
- DigiProcure: material management and procurement software, automates finding, ordering, tracking materials, reduces labor hours, saves money on materials, predictive scheduling tools, single dashboard for transaction visibility, material takeoff, free quotes from suppliers, streamlines payments and
Pricing
- Builders pay a standard procurement rate of 2-5% on materials procured.
- Traditional subcontractors mark materials up 20-40%.
- DigiBuild offers savings of 10-15% per scope through project management.
- Value engineering options for materials provide additional savings.
How much DigiBuild raised
1 - $4 Million
July 25, 2022Lead Investor: Y Combinator, Draper Associates, Harvard University, Picus Capital, Bluefield Capital, Cathexis Ventures, MH Carnegie
Who are the founders of DigiBuild
RS
Investors
- Y Combinator
- Draper Associates
- Aria Emiko
- Blue Field Capital
- Build Technologies
- Cathexis Ventures
- Chain
- Network.VC
Market Focus
DigiBuild primarily focuses on the construction industry, specifically providing material management and procurement software to automate and streamline the construction supply chain.
Business Model
SaaS model with monthly fees and a percentage of supplier sales revenue.
Competitors Overview
DigiBuild's main competitors in the construction supply chain management software market include:
- Kojo: Specializes in construction material management software, providing a comprehensive solution for planning and purchasing. Kojo's focus on material management may offer advantages in optimi
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