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§ Private Profile · Bogotá, Colombia
modular ERP system connecting construction tools for SMBs, automating data flow and optimizing supply chains.
HippoBuild has raised $700K across 1 funding round.
Key people at HippoBuild.
HippoBuild was founded in 2021 by Mads Schmidt Petersen (Founder).
HippoBuild has raised $700K in total across 1 funding round.
HippoBuild, a Bogotá, Colombia-based technology company, provides a modular ERP system that integrates existing project management, accounting, design, and procurement tools for construction companies. This platform automates data flow for deeper analytics, optimizes back-office operations, and streamlines supply chains, including sourcing better-priced materials via integrations with marketplaces. The system aims to save customers hours daily and thousands monthly by eliminating the need for new software or staff retraining, with onboarding taking minutes. HippoBuild operates on a SaaS subscription model complemented by a 1% transaction fee on sourced materials, targeting small and medium-sized construction companies across Latin America. The company, backed by Y Combinator from its Winter 2022 batch, maintains a team of approximately 5 employees. HippoBuild was founded in 2021 by Mads Schmidt Petersen.
Key people at HippoBuild.
HippoBuild was founded in 2021 by Mads Schmidt Petersen (Founder).
HippoBuild has raised $700K in total across 1 funding round.
HippoBuild has raised $700K across 1 funding round. Most recently, it raised $700K Seed in August 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 1, 2021 | $700K Seed | — | — | Announced |
HippoBuild is a SaaS company building the *Operating System for the construction industry*, specifically targeting small and medium-sized construction companies (SMBs). Their platform automates and optimizes back-office functions and the supply chain, enabling customers to save time daily and reduce material costs by thousands of dollars monthly through better sourcing. HippoBuild integrates with multiple marketplaces and providers to automatically source competitively priced materials, charging a small SaaS fee plus a 1% transaction fee on materials sourced. This model allows affordability for SMBs while generating significant revenue per company ($20K–100K annually)[1][2][4].
Founded in 2021 and based in Bogotá, Colombia, HippoBuild was created by Mads Schmidt Petersen, a Danish serial entrepreneur with extensive experience in product development across construction tech, fintech, and machine learning. The idea emerged from the need to digitalize and streamline procurement and operational processes for underserved SMB construction firms, which traditional service providers often overlook. Early traction includes acceptance into Y Combinator’s Winter 2022 batch, validating their product-market fit and growth potential[1][2][3].
HippoBuild rides the wave of digital transformation in construction, a traditionally fragmented and low-tech industry. The timing is critical as SMB construction firms increasingly demand affordable, integrated software solutions to improve operational efficiency and reduce costs amid rising material prices and supply chain disruptions. By automating procurement and back-office functions, HippoBuild addresses a significant pain point, enabling SMBs to compete more effectively. Their platform also contributes to the broader PropTech and ConstructionTech ecosystems by introducing AI-driven insights and marketplace integrations, fostering innovation and efficiency in real estate development and construction[1][2][3][4].
HippoBuild is positioned to expand its footprint among SMB construction companies globally by deepening marketplace integrations and enhancing AI capabilities for predictive procurement. Trends such as increased digitization, supply chain resilience, and demand for cost transparency will shape their growth. As they scale, HippoBuild could evolve into a critical infrastructure layer for construction operations, influencing how materials are sourced and projects managed industry-wide. Their success will likely encourage further innovation in construction SaaS and fintech, reinforcing their role as a foundational platform in the construction tech landscape[1][2][3].
In summary, HippoBuild is transforming construction operations for SMBs by delivering an integrated, automated operating system that saves time and money, addressing a historically underserved market with strong growth momentum and strategic industry timing.
