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§ Private Profile · Venia Hub, 8 Providence Street, Lekki Phase 1 Lagos, Lagos State, NG
Construction procurement marketplace connecting developers and contractors with vetted suppliers to streamline African supply chains.
Founded in November 2021 by John Oamen and Tayo Odunsi, Lagos-based CutStruct operates a construction procurement marketplace connecting real estate developers and contractors directly with vetted suppliers. By eliminating middlemen and leveraging a robust database of construction materials tailored for the African market, the platform enables users to reduce overall project costs by 20 to 30 percent. To streamline regional supply chains, the company supplements its core marketplace transactions with essential services, including transportation logistics, cargo insurance, and trade credit facilities. The startup has secured $2.1 million in total venture funding, comprising a $600,000 pre-seed tranche in November 2022 and a subsequent $1.5 million seed round in May 2025. CutStruct's notable financial backers include prominent institutional investors such as CRE Venture Capital, Zedcrest Capital, Techstars, DFS Lab, E3 Capital, LoftyInc Capital, and angel investor Kola Aina.
Cutstruct has raised $600K across 1 funding round.
Cutstruct has raised $600K in total across 1 funding round.
Cutstruct is a Nigerian proptech startup founded in 2019 that builds a digital platform streamlining construction procurement by connecting builders, developers, site engineers, project managers, and financiers with vetted suppliers for competitive bidding on materials.[1][2][4] It solves core industry pain points like manual sourcing delays, unreliable pricing, poor supplier quality, fraud, and supply chain inefficiencies, offering tools for real-time tracking, dashboards, cost savings, digital traceability, and "Build Today, Pay Later" financing options.[1][2][4] Serving over 193 customers and 385+ vendors primarily in Nigeria's real estate and construction sectors, Cutstruct has raised $720K initially (with a $1.5M seed round in June 2025 led by CRE Venture Capital, E3 Capital, Techstars, and Zedcrest Capital), enabling expansion amid growing demand for efficient procurement.[1][3] Its growth momentum includes trust from 200+ contractors and financiers, average cost savings on materials, support for 56,000+ jobs in the value chain, and sustainability features like delivery consolidation to cut emissions.[2]
Cutstruct was co-founded in 2019 by John Oamen and Tayo Odunsi, both experienced builders who identified Nigeria's construction challenges firsthand, including sourcing delays, poor material quality, and opaque processes.[2][3] Born from their deep industry insight—"founded by builders, for builders"—the idea emerged to digitize and simplify procurement in a fragmented market.[2] Early traction built on addressing manual workflows, quickly gaining adoption among real estate developers and contractors; by recent counts, it's trusted by over 200 contractors and financiers nationwide, with pivotal funding like the $1.5M seed in 2025 fueling scale-up.[2][3]
Cutstruct stands out in construction procurement through builder-centric design and integrated tools:
Competitors like AssemblyDrop, CinderBuild, SubBase, and Brick2Wall offer similar marketplaces but lack Cutstruct's financier tools, WhatsApp integration, and Nigeria-specific focus.[1]
Cutstruct rides the African proptech and contech wave, targeting underexplored construction inefficiencies amid booming real estate and infrastructure growth in Nigeria and beyond.[3] Timing aligns with post-pandemic supply chain digitization, rising investor interest in operational tech (evidenced by its 2025 seed from repeat and institutional backers), and market forces like urbanization, fraud risks, and emissions pressures.[1][3] By building procurement infrastructure, it influences the ecosystem through economic multipliers (56K+ jobs), vendor onboarding, and data-driven decisions, positioning as a foundational player in Africa's fragmented $100B+ construction sector.[2][3]
Cutstruct's momentum—fresh $1.5M funding, expanding user base, and layered services—signals strong potential to dominate Nigeria's contech procurement, potentially expanding pan-Africa.[3] Trends like AI-enhanced supply chains, green building mandates, and fintech-construction convergence will shape its path, amplifying tools for predictive pricing and automated compliance.[2][4] Its influence may evolve from niche solver to ecosystem enabler, powering efficient, accountable builds that fuel Africa's infrastructure boom, much like how it transformed procurement chaos into streamlined control for early adopters.[2][4]
Cutstruct has raised $600K across 1 funding round. Most recently, it raised $600K Seed in November 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 1, 2022 | $600K Seed | Zedcrest Capital, Stephen Deng, Lofty Ventures | Benjamin Chemla, Charles Delingpole, Charles Edouard Bouee, Didier Valet, Thibault Poutrel, Kola A. | Announced |
Cutstruct has raised $600K in total across 1 funding round.
Cutstruct's investors include Zedcrest Capital, Stephen Deng, Lofty Ventures, Benjamin Chemla, Charles Delingpole, Charles-Edouard Bouee, Didier Valet, Thibault Poutrel, Kola A..