Prolo, an AI-powered procurement platform helping small and medium-sized construction firms, has secured £4.2 million in seed funding. The oversubscribed round was led by Triple Point, with participation from Andreessen Horowitz scout fund, Anamcara Capital, Concrete Ventures, Foundation Ventures, Haatch, Koro Capital, Love Ventures, and Portfolio Ventures.
Prolo acts as an outsourced AI-powered procurement team. Contractors can place orders through WhatsApp, email or phone. Prolo then combines AI with human procurement specialists to source competitive pricing from a nationwide network of more than 185 suppliers. The platform provides access to trade rates on bulk materials and specialist plant hire that are typically reserved for larger contractors.
James Morris-Manuel, CEO & Founder of Prolo, said, “SME contractors have long been disadvantaged by limited price transparency and inefficient procurement processes, often paying higher prices because they lack the purchasing power of tier-one contractors. With Prolo, we are fundamentally changing the way construction supply chains operate.”
The new funding will support Prolo’s go-to-market strategy, expand its sales and marketing capabilities, and accelerate the rollout of new technology and product features as the company continues to grow its customer base among SME contractors.
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