Tribboo secures €410k in funding to disrupt the construction industry

Tribboo, the construction project management solution for small and medium business, announced today that it has secured €410,000 in its first round of financing. Founded by a young, passionate and international team, Tribboo is led by Co-CEOs Ignacio Escarpenter and David Uch from Spain and France, along with CTO Jorge Ccarhuas from Peru. 

Construction small and medium businesses are facing a new era, digitalization is knocking on their doors and the market isn’t helping them. This industry is the last big market to be digitized, and as a result, construction companies lose up to 30% of their time on repetitive tasks and inefficiencies. That’s where Tribboo comes in. Companies can finally say goodbye to the tedious and mechanical tasks that have long burdened their daily operations. Streamlining repetitive tasks and freeing up time for more important work through AI powered processes. Thanks to its design, the service begins to offer value in just a few minutes, with an intuitive interface and powerful features that make it easy to use. In just 8 months, over 700 companies are already using the service, mainly in Spain but also across Europe and LATAM.

The round has been possible thanks to the European investment funds Pitchdrive and Demium Capital with participation from business angels Jaime Fernandez, Roberto Martinez and Lorenz Bogaert, well known serial entrepreneur. And lastly, ENISA. 

“We’re thrilled to have the support of our investors,” said Tribboo Co-CEO David Uch. “This financing will allow us to continue pushing the boundaries of what’s possible in the construction industry. Our goal is not only to make the industry more efficient and sustainable, but also to let professionals from the sector enjoy their daily work.”

The construction industry has long been in need of innovation, and Tribboo is leading the charge. Been plagued by inefficiency and waste, with many companies struggling to manage their projects effectively. With its comprehensive project management solution, the platform has the potential to revolutionize the way construction companies operate.

“Tribboo is a game-changer,” said Lorenz Bogaert, one of the investors. “The platform has the power to transform the construction industry, and we’re proud to be a part of that.”

"We see the problem of delays and issues within the construction industry all around us, and it was about time someone came with a proper solution. Ignacio, David and Jorge have the right vision and complementary strength to help transform the construction industry for good. We are highly 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 features to let construction companies grow, more and sustainably. The company will also be investing in marketing and sales efforts to reach more customers and continue growing.

“We’re just getting started,” said Co-CEO Ignacio Escarpenter, “and with the support of our investors, the future of the construction industry is looking brighter than ever.”

 

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Written by Lotte Geldermans

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