CutStruct, a Nigerian constru.ction technology startup, has raised $1.5 million in seed funding to accelerate its growth and expand its marketplace platform for the construction industry.
Founded by John Oamen and Tayo Odunsi, CutStruct offers a construction procurement marketplace that connects real estate developers and contractors with vetted suppliers. The platform also provides value-added services such as transportation, goods-in-transit insurance, and trade credit, helping users manage construction supply chains more efficiently.
Backed by Leading African Venture Capital Firms
This latest $1.5 million seed round was led by CRE Venture Capital, with participation from E3 Capital, Techstars, and Zedcrest Capital. The new funding follows CutStruct’s $600,000 pre-seed round closed in November 2022.
The fresh capital will be used to:
- Scale operations within Nigeria
- Enhance CutStruct’s technology platform
- Grow its network of verified suppliers
- Expand delivery and logistics capabilities
“Construction procurement in Africa is still largely fragmented,” said John Oamen, CEO and co-founder of CutStruct. “We’re building infrastructure that not only brings transparency to the process but also improves efficiency and trust across the construction value chain.”
Transforming Construction Procurement in Nigeria
With the African construction sector projected to reach $1 trillion by 2030, platforms like CutStruct are well-positioned to modernize procurement processes and streamline operations in a traditionally manual and opaque industry.
By digitizing the supply chain and providing tools to manage sourcing, logistics, and credit, CutStruct is helping to reduce inefficiencies, lower costs, and improve project outcomes for construction professionals in Nigeria and beyond.
