London-based YardLink, a B2B procurement platform for the construction industry, announced that it has raised approximately €18M in a Series A round of funding.
The round was led by Beringea, with participation from Amplifier and existing investors Speedinvest and FJ Labs.
The company claims it is reinventing the future of construction procurement for SMEs across the UK with its full-service supply chain management software.
Founded in 2018 by Neeral Shah, YardLink is a B2B marketplace that claims to be digitizing the $1T construction supply chain.
It connects customers with suppliers, enabling contractors to source and manage equipment, materials, and services within seconds.
The company has already worked with thousands of customers and projects since launch, including Canary Wharf Contractors, HS2, and Battersea Power Station.
YardLink says it will use the funds to expand its product offering.
The company also aims to become the only place customers can access the entire construction supply chain, helping to cut overheads, speed up supply, and reduce costly delays.
The funds will also be used to double YardLink’s workforce, currently at 55 employees, over the next 12-18 months as it tightly integrates with its supply chain to offer real-time availability across all products.
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