YardLink raises £1.7m in a seed follow-on round led by Speedinvest to scale operations.
The investment round was led by Speedinvest with participation from FJ Labs.
YardLink operates a digital procurement marketplace for construction SMEs to source and manage equipment, materials, and services. The platform connects contractors with a network of vetted suppliers to streamline supply chain operations.
YardLink has secured £1.7m in a seed follow-on funding round led by Speedinvest, with additional participation from FJ Labs. The fresh capital will be directed towards scaling operations, expanding the team across sales, operations, and technology, and broadening the platform reach across the UK.
Founded to improve efficiency in the construction supply chain, YardLink connects contractors with a vetted network of equipment suppliers. The company has experienced accelerated growth during the pandemic, registering a fourfold increase in monthly revenue since March.
From the founder
"Using technology to better coordinate and speed-up the supply chain is having a real impact on productivity within the industry at a difficult time."
Neeral Shah
CEO at YardLink
Investor perspective
"We’re excited to invest in YardLink at a time when the construction industry is going through rapid transformation and is in desperate need of innovation,"
Mathias Ockenfels
Lead Partner, Speedinvest
Use of funds
- 01Scale operations
- 02Grow the team
- 03Continue product development
- 04Expand into international markets
Investors
Categories
About the company
YardLink
YardLink provides a digital supply chain platform for the construction industry.