The Venture Codex Logo

The Venture Codex

Construex

Eduardo Salazar Gómez N36-121 y Diego Noboa, Quito, Pichincha, Ecuador

Overview

Construex operates a software-as-a-service marketplace that digitizes procurement and services for the construction and design industries, offering tools to connect suppliers and customers without manual sourcing. The platform provides a free tier, transaction-based revenue and paid subscription services for suppliers, including a CRM, virtual reality showrooms and WhatsApp integration. As of the article, Construex had more than 80,000 registered suppliers offering over 700,000 products and roughly 500 subscription customers. The company has a 48-person team across two offices and bootstrapped for almost four years, reaching profitability and doubling revenue year-over-year compared to 2022. Founded by brothers Roberto and Nicolás Arroyo, the product was built from their experience in family construction businesses and local housing projects. Construex plans to accelerate expansion into Mexico, other Spanish-speaking countries and Brazil, targeting 1 million suppliers and a fourfold revenue increase in the next year.

Total raised
$5M
Funding rounds
1
Latest round
Seed
Latest activity
Nov 2023

Industries

  • Construction
  • E-Commerce
  • Marketing
  • Online Portals
  • SaaS
Visit website

Recent funding

  1. Seed

    Nov 2023

    $5M

Team