# StructShare

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/structshare

- Industry: Software
- Headquarters: Tel Aviv, Israel
- Website: www.structshare.com
- Total disclosed funding: $8M
- Latest round: Seed (Mar 21, 2023)
- Investors on record: 3

## About

StructShare, based in Israel, develops digital solutions that enhance procurement and material management for specialty contractors across various trades, improving operational efficiency and collaboration.Founded in 2017 in Tel Aviv, Israel, StructShare specializes in providing a digital platform for material management and procurement. The company has secured a total of 3 deals and recently completed a SEED funding round on May 26, 2023, led by Kompas, with participation from CEMEX Ventures and SeedIL Ventures, raising USD 8.00 mn. The firm is co-founded by Arik Davidi and Or Lakritz, both of whom currently serve as co-CEOs.StructShare offers a cloud-based platform designed to streamline the procurement and material management processes specifically for specialty contractors in various trades, including electrical, plumbing, HVAC, mechanical, concrete, framing, drywall, and roofing. The core product enables field teams to instantly request purchase orders for approval, facilitating real-time collaboration among procurement, accounting, and field teams. Additionally, StructShare allows users to upload supplier catalogs and submit requests for quotations (RFQs) to multiple suppliers simultaneously, enhancing the procurement process. This platform serves a diverse client base that includes contractors, construction firms, and specialty trades across multiple geographical markets, including North America and potentially expanding into international markets as demand grows. The end-users of this service range from project managers and procurement specialists to accounting professionals, all seeking to improve job cost accuracy and operational efficiency.StructShare operates on a subscription-based revenue model, providing its customers with various pricing plans tailored to their specific needs for procurement and material management. Transactions typically involve businesses signing up for the platform and paying a recurring fee based on the number of users or the volume of materials managed. This B2B relationship emphasizes the importance of seamless integration with existing accounting and purchasing workflows, allowing clients to capture building material costs effectively while enhancing overall project profitability. While specific pricing plans are not disclosed, the platform's offerings focus on improving purchase order and invoice approval cycles, thereby optimizing labor, data entry, and pricing. By delivering a comprehensive suite of services that connect field, accounting, and procurement teams, StructShare aims to drive value for its customers and generate consistent revenue streams through its innovative solutions.In May 2023, StructShare raised USD 8.00 mn in a SEED funding round, which will enable the company to expand its offerings and market presence. StructShare plans to increase its reach by targeting new markets and geographical regions, including potential expansions beyond North America as demand grows. The recent investment will support these initiatives, allowing StructShare to enhance its product offerings and further penetrate the construction and specialty contracting industries.

## Funding rounds

- Seed, Mar 21, 2023, $8M — SeedIL Ventures, CEMEX Ventures, Kompas

## Investors

- SeedIL Ventures (https://capitalatlas.ai/funds/seedil-ventures) — Seed
- CEMEX Ventures (https://capitalatlas.ai/funds/cemex-ventures) — Seed
- Kompas (https://capitalatlas.ai/funds/kompas) — Seed