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MatBook, a construction tech startup has raised $750,000 in a pre-seed funding round led by Seedstars International Ventures, Fluent Ventures and Everywhere Ventures.
Angel investors affiliated with Autodesk and Amazon also participated in this round.
The startup plans to use the fresh funds to improve its technology, grow its team in sales, tech and operations and expand its presence in the U.S. It also plans to upgrade its AI tools to better predict prices, reduce delivery times and suggest the right suppliers.
Read also- Ivory Raises $1Mn Funding Led By IIM-A Ventures, Others
About MatBook
Founded in 2023 by Harsh Badera, Nasir Hussain, Raghav Malhotra and Shubham Sharma, MatBook’s AI-powered platform helps contractors and distributors easily buy construction materials from trusted manufacturers.
It aims to fix common supply chain problems in the U.S. by simplifying ordering, shipping, quality control and payments.
MatBook also plans to offer credit options and grow its network of manufacturers. For eco-conscious buyers, it provides Environmental Product Declarations to support green building goals.
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