Construex is a technology company.
Construex has raised $5.0M across 1 funding round.
Construex has raised $5.0M in total across 1 funding round.
Construex is a B2B SaaS-enabled marketplace connecting construction businesses with suppliers of materials, home decor, design, industrial, real estate, and electro products across Latin America.[1][2][4] It serves construction companies, developers, and contractors by allowing buyers to quote and purchase from multiple suppliers in one platform, while suppliers upload digital catalogs without heavy infrastructure investment; Construex withholds payments until delivery, ensuring reliability.[1][2] The company solves chronic supply chain inefficiencies in a $520 billion regional market where only 4% of suppliers are tech-enabled and digital adoption lags at around 20% in key areas like Mexico.[1][2] Founded in 2019 and headquartered in Quito, Ecuador, Construex has raised $4.6 million from investors including Zacua Ventures, Fifth Wall, ABSeed, and Terracotta Ventures, employs about 50 people, claims profitability, and operates in Ecuador, Chile, Argentina, Bolivia, Guatemala, and Mexico with over 150 active clients, 80,000+ registered suppliers, and 700,000+ products.[1][2][4]
Construex was founded in 2019 by brothers Roberto Arroyo and his sibling, both with deep roots in Ecuador's construction sector.[2][3] Roberto, a construction veteran, identified sourcing pains while managing procurement for housing and apartment projects—struggling to find supplies efficiently and realizing broader industry gaps through talks with his brother, a long-time purchaser.[2] They bootstrapped the platform to digitize suppliers, starting with construction materials and expanding to home decor after spotting similar challenges, evolving from a local solution to a multi-country marketplace.[1][3] Early traction came from profitability in Ecuador, fueling a $4.6 million seed round in 2023 to support regional expansion, including a new Mexico City office amid the region's massive $185 billion construction market.[1][2]
Construex rides the wave of construction digitization in Latin America, a $520 billion market ripe for disruption due to low tech adoption (e.g., 20% in Mexico, 4% supplier enablement), supply chain opacity, and post-crisis demand for efficiency.[1][2] Timing aligns with regional infrastructure booms and investor interest in proptech, positioning it against peers like Colombia's Tül while leading supplier digitization toward 3 million by 2026.[2][3] It influences the ecosystem by creating the largest materials platform, enabling suppliers' digital pivot, cutting costs for developers/contractors, and fostering cross-border scale through subsidiaries—accelerating a sector slow to automate amid economic recoveries.[1][3]
Construex is primed to dominate Latin American construction marketplaces, targeting 1 million suppliers and 4x revenue via Mexico expansion and further digitization of 20+ million products.[2][3] Rising infrastructure needs, AI-enhanced procurement, and regional trade integration will propel growth, potentially evolving it into a full supply chain orchestrator with global investor backing like Fifth Wall. As digitization bridges the 96% gap, Construex's profitable, localized model cements its role in transforming a trillion-dollar-adjacent industry from sourcing chaos to seamless efficiency.[1][2][3]
Construex has raised $5.0M in total across 1 funding round.
Construex's investors include A.B.Seed Ventures, Terracotta Ventures.
Construex has raised $5.0M across 1 funding round. Most recently, it raised $5.0M Seed in November 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2023 | $5.0M Seed | A.B.Seed Ventures, Terracotta Ventures |