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HomeFunding NYC-based BuildStock Secures $1.6Million in Pre-Seed Funding

[Funding alert] NYC-based BuildStock Secures $1.6Million in Pre-Seed Funding

NYC-based BuildStock secures $1.6million in pre-seed funding. Participating in the round were angel investors Osuke Honda (DCM), Nihal Mehta (Eniac), Shruti Gandhi (Array Ventures), Tom Peterson (Rally Ventures), Yun-Fang Juan, and Mark G (m]x[v Capital), as well as Precursor, MGV, XFactor, and RefashionD.

NYC-based BuildStock secures $1.6million in pre-seed funding. Participating in the round were angel investors Osuke Honda (DCM), Nihal Mehta (Eniac), Shruti Gandhi (Array Ventures), Tom Peterson (Rally Ventures), Yun-Fang Juan, and Mark G (m]x[v Capital), as well as Precursor, MGV, XFactor, and RefashionD.

Read also – NYC-based Elektra Health Secures $3.3Million in Funding

With the money, the firm hopes to grow, add additional players to the market, and extend third-party FinTech, AI, and logistical connections.

Read also – PA-based Cagent Vascular Secures $30Million in Series C Round Funding

Buildstock is a centralised marketplace that offers payments, transparency, and discovery to the building materials sector. It is led by CEO and founder Kathryn Thiele AIA. Buyers can use it to compare suppliers, understand lead times and prices, and quickly finance payments.

Suppliers of materials may receive longer payment terms and higher volumes. Suppliers can get payments in as little as five days, as opposed to waiting thirty, sixty, or even ninety days.

Read also – CO-based AtmosZero Secures $21Million in Series A Round Funding

About BuildStock

Buildstock is a venture-backed B2B marketplace for building materials that offers vertical software and fintech services to suppliers and purchasers of basic building supplies. Within a trillion-dollar business, they streamline procurement timeframes, save money on supplies, and enhance both parties’ cash flows and terms of payment.

Read also – AZ-based Arevon Energy, Inc. Raises over $1.1 Billion in Funding

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