CutStruct Technology is building LiveVend, a B2B construction procurement platform that connects buyers (real estate developers, contractors) with vetted vendors while bundling services such as transportation, goods-in-transit insurance and trade credit via Sterling Bank’s Specta for Business. The platform handles vendor vetting, logistics, insurance, fulfilment guarantees and financing behind a simple user interface. CutStruct is led by second-time founders John Oamen (CEO) and Tayo Odunsi. The company has raised $600,000 in pre-seed funding to build and scale the LiveVend product. The round was led by Zedcrest Capital, DFS Lab and Lofty Inc, with participation from angel investors including Kola Aina. Investors cited the large, underdeveloped construction and real-estate vertical in Africa and the opportunity to digitize procurement and improve buyer and seller experiences. The funds will be used to develop the procurement product and expand the platform's services; no revenue or user metrics were disclosed in the article.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Nov 2022