London-based construction procurement startup Prolo has raised £4.2 million in seed funding in a round led by Triple Point Ventures.
The company is targeting a sector where purchasing is still heavily reliant on phone calls, emails and manual price comparisons. Smaller contractors are particularly exposed, often spending hours chasing quotes while lacking the buying power of large construction groups.
Prolo operates as an outsourced procurement function, combining AI with human specialists to source materials, equipment and plant hire from a network of more than 185 suppliers. Contractors can submit requests through WhatsApp, email or phone and receive access to trade pricing and credit terms of up to 90 days.
The company says inefficient supply chains and manual processes are a significant source of project delays. Research cited from the Chartered Institute of Building suggests around 40% of construction projects experience delays averaging five months.
The round also included Anamcara Capital, Concrete VC, Foundation Ventures, Haatch, Koro Capital, Love Ventures and Portfolio Ventures. Prolo will use the funding to expand sales and marketing and develop its product.
The company was founded in 2024 by James Morris-Manuel, who previously founded property technology startup Virtual Walkthrough and sold it to Matterport in 2016.
