Cutstruct, a Nigerian startup revolutionizing procurement in the construction industry, has successfully raised $1.5 million in seed funding to accelerate its growth and deepen its impact across Nigeria’s built environment sector.
Founded by John Oamen and Tayo Odunsi, Cutstruct operates a digital construction procurement marketplace that connects real estate developers, contractors, and other buyers with a network of vetted vendors. The platform streamlines the procurement process by offering value-added services such as transportation logistics, goods-in-transit insurance, and trade credit, helping to reduce friction and inefficiencies in the construction supply chain.
This latest round of funding was led by CRE Venture Capital, with participation from E3 Capital, Techstars, and Zedcrest Capital. It follows a $600,000 pre-seed round raised in November 2022, signaling strong investor confidence in Cutstruct’s vision and execution.
With the new capital, Cutstruct plans to:
- Scale its operations across Nigeria, targeting key urban centers with high construction activity.
- Enhance its technology platform, improving user experience and expanding service offerings.
- Grow its supplier network, ensuring a broader and more reliable pool of vendors for buyers.
- Expand its delivery and logistics capabilities, enabling faster and more efficient fulfillment of construction materials.
John Oamen, CEO and co-founder of Cutstruct, stated:
Our mission is to digitize and simplify construction procurement in Africa. This funding allows us to double down on our efforts to build a more transparent, efficient, and scalable ecosystem for the construction industry.
As infrastructure development continues to rise across Africa, Cutstruct is positioning itself as a key enabler of smarter, tech-driven construction processes—bridging the gap between demand and supply in one of the continent’s most critical sectors.
