Yesler operates a single platform of software tools built specifically for managing and optimizing buying and selling of lumber and building materials. The platform combines a technology stack with a marketplace to enable data-driven decision making and more nimble buying and selling operations. Buyers and sellers use Yesler to initiate, negotiate and execute transactions, discover new trading partners, and track history in one place. Buyers gain market insights and analytics to plan purchases, reduce working capital requirements and minimize commodity risk; sellers merchandise offerings online, quote and confirm loads more efficiently, and track activity to improve execution and profit. Product offerings include the Yesler Marketplace, Groundwork (visual inventory analysis and purchasing planning), and Intel (pricing trend indicators aggregated from supply and demand data). Yesler plans to expand its software engineering and user experience teams to deliver new features faster to participants and recently closed a $5M investment to support that growth. Yesler provides a B2B marketplace and purchasing-operations software focused on lumber, engineered lumber, and panel products like plywood. Its product stack includes Yesler Analytics (stocking and replenishment dashboards), Buyer’s Network (a free workflow tool for grouping needs and inviting sellers), and the Yesler Marketplace for sourcing and managing transactions. The company monetizes by taking a visible cut on marketplace transactions; sellers see the fee and buyers pay seller-set prices. Yesler spun out of Pioneer Square Labs in October 2019, is based in Seattle, and has about 10 employees while hiring to expand marketing and engineering. It has early traction, managing more than $10 million in annualized purchases through the end of 2020, and serves only U.S. customers. The startup is investigating products outside of wood but remains focused on lumber products and competes with Chicago-based MaterialsXChange. New capital will be used to scale its marketing and software engineering teams in the greater Seattle area.

Total raised

$8M

Funding rounds

2

Latest round

Equity

Latest activity

Aug 2022