Nigerian startup Cutstruct has raised $1.5 million in seed funding to expand its construction procurement platform. Founded by John Oamen and Tayo Odunsi, the platform connects developers and contractors with vetted vendors. It also offers key services like transportation, goods-in-transit insurance, and trade credit.
Backed by Top African Investors
The round was led by CRE Venture Capital, with participation from E3 Capital, Techstars, and Zedcrest. This follows Cutstruct’s $600,000 pre-seed round in 2022. The backing reflects growing investor confidence in digitizing Africa’s construction sector.
Scaling Across Nigeria
With the new funds, Cutstruct will deepen operations in Nigeria, enhance its platform, and grow its supplier network. The company aims to improve delivery reliability and streamline procurement in a fragmented industry. Its goal is to bring trust, transparency, and efficiency to construction logistics.
Cutstruct’s solution tackles persistent inefficiencies in Nigerian construction, offering a modern approach to procurement. As the market grows, the startup is positioning itself as a key player in its digital transformation. This funding marks a major step in scaling that vision.