INPERA, the digital procurement platform for construction materials, secures seed investment
Berlin, 19 September 2018 – Berlin-based ConstructionTech startup INPERA receives seed funding from a broad consortium of PropTech and strategic investors from the construction industry.
INPERA is developing a digital procurement platform for the construction industry to lower procurement costs and standardize the ordering processes between suppliers and contractors. One third of the construction costs are caused by material costs; in Germany, this amounts to 77 billion euros annually. Due to strong market fragmentation on the supplier side, costly product and price search, inefficient order channels, and uncertain availability, the 360,000 German construction companies and craft businesses have been allocating too many resources to material procurement. On its digital commerce platform, INPERA offers these companies increased price transparency, time savings, service, and already Germany's largest assortment through a high level of material data and intelligent data-driven interfaces. By bundling procurement channels, automating information flows, standardizing interfaces, establishing process standards, and providing qualitative master data, INPERA will redefine construction processes in the future.
A consortium of companies with in-depth expertise in the construction industry invests in INPERA: PropTech1 Ventures, the venture capital fund focused on European PropTech startups; Vito ONE, the first European early-stage investor in PropTech/ConstructionTech; Unger Steel Group, a specialist in architectural and structural steel construction; and the investment company of the construction family Martin Meier. Other investors include the family office Eisbaer Capital, Alexander Winterling, former Commercial Director of the building material manufacturer Holcim Germany & Netherlands, and Stephan Heller, CEO and founder of the FinTech startup FinCompare.
Nikolas Samios, Managing Partner of PropTech1 Ventures, comments on the investment decision, "One of the deciding factors was the unfair advantage of the team. Managing Director Jannes Viebrock has acquired extensive knowledge of the construction materials industry over the past 15 years as he has worked for major construction materials distributors and manufacturers as well as one of the leading consulting companies in this field, and thus on both sides of the procurement process in the construction industry, which is in dire need of optimization."
Daria Saharova, Managing Partner of Vito ONE, adds, "We have been focusing on PropTechs for years now and see how the segment is becoming increasingly important. The digitization of the construction industry is leading to faster, cheaper, and more efficient projects. The strong and experienced INPERA team has fully convinced us, so we are confident that the company will help put PropTechs in the limelight even more and, most importantly, add a great value to society."
Jannes Viebrock, Managing Director of INPERA, is very pleased with the investment, "We are very glad to have gained such strong investors. They will open many doors outside of the construction industry to us thanks to their broad network. This facilitates networking at the early service stages of the creation process, enabling our digital technologies to unfold their tremendous potential for building contractors, construction companies, and building material suppliers."
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