CutStruct, a Lagos-based construction-tech startup, has raised US $1.5 million in a seed funding round led by CRE Venture Capital, with additional support from E3 Capital, Techstars, and Zedcrest.
Founded by John Oamen and Tayo Odunsi, CutStruct operates a digital marketplace that enables developers and contractors to access pre-vetted suppliers of building materials. The platform also integrates vital services such as transportation logistics, goods‑in‑transit insurance, and trade-credit facilities—simplifying procurement within the fragmented Nigerian construction sector.
This seed financing follows a US $600,000 pre‑seed round closed in November 2022, bringing CutStruct’s total funding to US $2.1 million. The fresh capital will be used to: Scale nationwide across Nigeria, Enhance the platform—adding new features, user interface improvements, and efficiency tools, and Expand supplier and logistics network, increasing available inventory and delivery reach.
Nigeria’s construction industry frequently encounters persistent challenges like fragmented supply chains, price volatility, and delivery delays. By digitizing procurement and bundling logistics, insurance, and financing into one seamless offering, CutStruct is addressing critical inefficiencies and building essential digital infrastructure for the $100 billion Nigerian real estate market.
John Oamen and Tayo Odunsi underscore the company’s mission:
“CutStruct provides developers and contractors with a one-stop digital solution for sourcing vetted materials, logistics, insurance, and credit—addressing longstanding procurement bottlenecks in Nigeria’s construction sector”.
Construction-tech is still nascent across Africa, yet the sector’s size and inefficiencies are drawing increasing investor attention. CutStruct joins a growing wave of startups targeting deep operational friction in infrastructure and real estate markets—with its latest funding serving as a clear indicator of growing momentum.
CutStruct’s US $1.5 million seed round, backed by experienced investors, positions it to digitize construction-materials procurement at scale—alleviating supply-chain friction, increasing transparency, and unlocking growth for industry stakeholders. As the startup extends its reach and sharpens its platform, it stands out as a leading force in Nigeria’s emerging construction-tech ecosystem.
Read more on Tech Gist Africa:
Carrot, a fintech startup based in Nigeria, has secured US $4.2 million in seed funding
OmniRetail, a Nigerian e-commerce startup Secures $20 Million in Series A Funding
Arnergy, a Nigerian Clean Energy Startup Raises $18 Million
