San Francisco-based construction technology startup MatBook has successfully raised $750,000 in a pre-seed funding round. The investment was led by Seedstars International Ventures, Fluent Ventures, and Everywhere Ventures, with participation from angel investors affiliated with Autodesk and Amazon.
MatBook’s Company Overview
Founded in 2023 by Harsh Badera (CEO), Nasir Hussain (CTO), Raghav Malhotra (CRO), and Shubham Sharma (COO), MatBook aims to streamline the procurement of construction materials in the U.S. The company’s platform connects contractors and distributors directly with vetted manufacturers, offering services such as quality control, integrated logistics, and financing options.
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Platform Features
MatBook’s AI-powered platform provides a comprehensive solution for sourcing building materials. Key features include:Ceovine
- Product Browsing: Users can explore a wide range of construction materials, including vinyl flooring, tiles, and quartz. thematbook.com
- Sample Requests: Contractors can request material samples to assess quality before making bulk purchases. LinkedIn
- Estimates and Orders: The platform allows users to obtain cost estimates and place orders directly through the interface. LinkedIn
- Real-Time Updates: Customers receive live updates on their orders, from manufacturing to delivery, ensuring transparency throughout the procurement process. LinkedIn
- Quality Control: An integrated quality control system ensures that materials meet specified standards before reaching the client. LinkedIn
How to Use MatBook
To utilize MatBook’s services, users can visit the official website at thematbook.com. The platform is designed to be user-friendly, guiding contractors and distributors through the process of browsing products, requesting samples, obtaining estimates, and placing orders.
Strategic Goals
With the newly acquired funds, MatBook plans to enhance its technology, expand its U.S. presence, and grow its teams across sales, technology, and operations. A significant focus will be on advancing the platform’s AI capabilities, including pricing predictions, lead-time optimization, and supplier recommendations.
Additionally, MatBook aims to introduce credit solutions and expand its network of manufacturers. The platform also offers Environmental Product Declarations (EPDs) to assist buyers in meeting green building requirements, aligning with the industry’s increasing emphasis on sustainability.
Market Position
MatBook operates in a competitive landscape, contending with companies like BRKZ, OfBusiness, Moglix, and Infra.Market. Notably, in March 2024, BRKZ raised $8 million in a Series A round co-led by 9900 and BECO Capital.
The construction industry is witnessing a surge in AI-driven procurement solutions. For instance, Field Materials, another player in the sector, recently increased its total seed funding to $8.15 million to enhance its AI capabilities for controlling and verifying construction material spending.
Conclusion
MatBook’s innovative approach to simplifying the construction supply chain, combined with its commitment to sustainability and technological advancement, positions it as a promising player in the evolving construction tech landscape. By leveraging AI and fostering direct connections between buyers and manufacturers, MatBook aims to address persistent supply chain inefficiencies and set new standards in construction procurement.
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