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Proptech startup Skrap raises £1.2m

Skrap, which delivers skip and construction hire related services on-demand by ordering via a mobile app has today announced that it has raised £1.2m in seed funding to accelerate growth across major cities.

The fundraise was led by Vanneck Investments, with participation from a host of entrepreneurs and angels investors like Charles Songhurst, Eamon Jubbawy (Onfido), Anil Stocker (MarketFinance), Paul Huntingdon (ARM), Adrian Beecroft, Dennis Stevenson, Peter Brodnicki (MAB), Jay Radia (Yieldify, Reachdesk), and James Hind (Carwow).

Skrap was founded with a vision of allowing SME Builders to order any construction hire service at the click of a button.

Based out of Wembley, London, Skrap’s team of 25 are building the world’s first app dedicated to automating construction hire. It has worked with hundreds of suppliers across London, Manchester and Birmingham to complete over 10,000 deliveries to thousands of SME Builders, to take the hassle of waste management away from the already stressful construction experience.

Skrap’s vision is to automate the entire construction hire supply chain, and intend to do so across major cities globally over the coming years.

Founders Marwan Field, Hussain Hilli and Ahmed Rao came across the problem while running a construction business where logistics were unorganised and fragmented; prices were asymmetric, and the marketplace of suppliers and brokers were doing everything manually.

Hussain, Co-founder & Director said, “Our team has huge ambitions and plans to scale across the UK and globally, we are now expanding aggressively on all construction hire verticals. Skrap has carved a category in this industry by introducing the first mobile app, making it simple and convenient for construction companies everywhere.”

The post Proptech startup Skrap raises £1.2m appeared first on UKTN (UK Tech News).

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