Weaver is a London-based marketplace and SaaS platform that matches homeowners and architects planning major home renovations with vetted contractors using an algorithm. The product facilitates quote gathering, price comparison, messaging, document exchange and on-site meeting scheduling to centralize the contract negotiation and bidding process. Contractors are manually vetted and subject to ongoing checks; Weaver also takes a troubleshooting role during builds and plans to add fully insured escrow payments to reduce contractor bankruptcy risk. The startup has processed over $120 million of construction to date, saw orders grow 2.6x in 2021 versus 2020, and has around 400 contractor companies, 300 architect firms and ~900 homeowner users. Its business model includes a contractor success fee, a tiered homeowner access fee (with exemptions when an architect manages pricing) and referral fees from renovation loan providers. With new funding the company plans to expand across the U.K., transition to a mobile-first product, offer faster payments, and develop intelligent renovation pricing and machine-learning budgeting tools, with eventual plans to expand to Germany and the U.S.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2022