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Tribboo, the construction project management solution for small and medium-sized companies, announced today that it has raised €410,000 in its first round of funding. Founded by a young, passionate and international team. Tribboo is led by Co-CEOs Ignacio Escarpenter and David Uch from Spain and France, together with CTO Jorge Ccarhuasfrom Peru.
Small and medium-sized construction companies are facing a new era, digitalization is knocking on their doors and the market is not helping them. It is the last major industry to start its digitalization process. As a result, construction companies waste up to 30% of their time on repetitive tasks and inefficiencies. That's where Tribboo comes in. At last, companies can say goodbye to the tedious, mechanical tasks that have long weighed down their daily operations. By automating repetitive tasks and freeing up time for more important work, all through artificial intelligence-driven processes. By design, the service delivers value in just minutes, with an intuitive interface and powerful features that make it easy to use. In just 8 months, more than 700 companies are already using the service, mainly in Spain, but also in Europe and Latin America.
The round was made possible thanks to European investment funds Pitchdrive and Demium Capital. Also thanks to the participation of business angels Jaime Fernández, Roberto Martínez and Lorenz Bogaert, a well-known serial entrepreneur. And finally, ENISA.
"We are delighted to have the support of our investors," said David Uch, Co-CEO of Tribboo. "This funding will allow us to continue to push the boundaries of what is possible in the construction industry. Our goal is not only to make the industry more efficient and sustainable, but also for professionals in the industry to enjoy their daily work."
The construction industry has long been in need of innovation, and Tribboo is at the forefront. A sector plagued by inefficiencies and waste, where many companies struggle to manage their projects effectively. With its complete project management solution, the platform has the potential to revolutionize the way construction companies work.
"Tribboo is a game changer," says Lorenz Bogaert, one of its business angels. "The platform has the power to transform the construction industry, and we are proud to be part of the
"We see the problem of delays and problems in the construction sector all around us, and it's about time someone came up with a proper solution. Ignacio, David and Jorge have the right vision and complementary strength to help transform the construction sector for good. We are very impressed by what they are doing," said Wim Derkinderen, co-founder of Pitchdrive.
With the new funding, Tribboo will continue to expand and improve its platform, developing new functionalities that allow construction companies to grow, more and in a sustainable way. The company will also invest in marketing and sales to reach more customers and continue to grow.
"We have only just begun," said Ignacio Escarpenter, Co-CEO, "and with the support of our investors, the future of the construction industry looks brighter than ever."