Role 1218
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Our client, Construo, a company headquartered in the UK, has developed a global technology platform that is set to positively impact the $11 trillion global construction industry.
Construo's collaborative platform and marketplace utilise cutting-edge technologies and AI to enhance communication, knowledge sharing, talent hiring, and real-world commerce. The company addresses the industry's fragmentation by providing a central hub for construction professionals, small and medium enterprises (SMEs), continuing professional development (CPD) providers, students, HR teams, and suppliers and buyers of equipment and materials.
Developed in partnership with a leading start-up incubator, Construo launched in January 2021 following extensive BETA testing and has rapidly developed a strong, fast-growing user base of construction professionals and businesses.
In the past six months, the monthly active users (MAU) have surged by 843%, increasing from 5,200 to 50,000. This growth positions Construo as one of the leading and fastest-growing information and collaboration tech hubs for construction professionals worldwide.
The company's leadership includes highly experienced construction professionals with proven track records of success from both the UK and internationally.
Business model:
Construo offers free access for users and companies, with already proven revenue streams including:
- Recruitment of construction professionals, with companies paying to advertise roles on Construo. Our proprietary Applicant Tracking System (ATS) technology automatically integrates and shares the advert with leading global job boards, enabling hirers to reach millions of potential candidates worldwide.
- A premium recruitment candidate search service, charging clients for successful hires.
- A direct advertising service for products and services targeted at a construction-focused audience, with advertisers paying based on the number of ad impressions received.
The Construo Materials Marketplace: Revolutionizing the procurement and purchasing of materials
Construo's planned B2B, AI-driven marketplace features unique order conglomeration technology that disrupts and revolutionizes the traditional building and construction materials supply chain. By enabling buyers, such as builders and small to medium-sized merchants, to place group orders directly with suppliers and benefit from larger order volume discounts, Construo’s materials marketplace is poised to transform the industry's purchasing model. The business will derive revenue by taking a small percentage fee of the total order value.
Additionally, the company plans to develop and offer:
- A stock management, purchasing, and logistics solution for merchant partners, facilitating transactions within their inventories in real-time.
- A real-time product pricing and lead-time trends information service, available via subscription.
The expertise and experience of Non-Executive Directors will be crucial in securing funding to develop and launch the Construo marketplace in 2025.
Opportunities: Why get involved with Construo?
- Demonstrable rapid organic user growth in key global markets including the UK, North America, the Middle East, India, and Australia.
- Large and growing market opportunities offering significant potential for commercial partnerships and revenue growth.
- Proprietary technology and innovative solutions provide a competitive market advantage.
- A scalable business model with multiple revenue streams positions the business well for growth and long-term success.
- Participation in a disruptive and transformative platform offers significant growth and return opportunities.
- Proprietary technology adaptable for launching disruptive solutions in other industry sectors.
Non-Executive Director Recruitment:
We are seeking four Non-Executive Directors (NEDs) with expertise in some of the following areas:
- Finance, specifically a CFO/FD experienced in fundraising for early-stage and scale-up companies, with knowledge of grant funding and tax incentives.
- B2B sales and commercial partnerships to enhance our customer base and revenue.
- Supply chain management within the construction industry.
- Logistics.
- Business leadership and senior staff recruitment, ideally with an HR background and a robust network in the construction industry.
Business Proposition:
Incoming Non-Executive Directors will have the opportunity to become shareholders with an initial investment between £25k and £50k, aligning their interests with those of the existing Board Members.
The company is registered for EIS tax relief.
Interested candidates who meet these criteria will be provided with a pitch deck upon signing an NDA. The role will require approximately 1 to 2 days per month, potentially more during the initial stages.
