Tradeaze secures part of a £1.3m funding round from Henley Business Angels and Southern Angel Investors Club to expand its logistics platform.
The investment comes from seven members of Henley Business Angels alongside the Southern Angel Investors Club.
Share allotment filed at Companies House
Tradeaze operates a digital marketplace connecting building merchants and contractors with an elastic fleet of construction couriers. The platform enables rapid delivery of materials to sites, reducing delays for tradespeople.
Tradeaze has secured investment as part of a wider £1.3m funding round from members of Henley Business Angels in collaboration with the Southern Angel Investors Club. The company operates a digital marketplace that links building merchants and contractors with freelance construction couriers to enable rapid material delivery.
The fresh capital will be deployed to support the company's expansion into new regional markets and drive further in-house software development to scale its operations.
From the founder
"We’re excited to partner with HBA and SAIC as we expand Tradeaze nationwide, using technology to deliver unprecedented efficiency and convenience to tradespeople. In addition, we’ll be creating thousands of driving jobs while helping merchants and contractors save significant capital by eliminating the need to own underutilised vehicles."
Jack Hopkins
Founder & CEO at Tradeaze
Investor perspective
"Jack and the team are incredibly impressive, noticing the pain point first hand when they were in the industry and developing a hugely profitable solution. We’re pleased we were able to conduct the due diligence alongside SAIC, demonstrating our commitment to collaboration and co-investment."
Chris Rees
Co-Managing Director, Henley Business Angels
Use of funds
- 01Expand into international markets
- 02Continue product development