Skrap, a London-based proptech startup, has raised £1.2m seed funding as it sets out to transform how everything is hired in the construction industry by making it available on-demand.
Skrap is building on its reputation as a ‘skip hire disruptor’ and will bring its digital innovation to other parts of the industry including concrete, portaloos, machinery and so much more.
The fundraise was led by Vanneck Investments, with participation from a host of entrepreneurs and angels investors including Charles Songhurst, Eamon Jubbawy (Onfido), Anil Stocker (MarketFinance), Paul Huntingdon (ARM), Adrian Beecroft, Dennis Stevenson, Peter Brodnicki (MAB), Jay Radia (Yieldify, Reachdesk), and James Hind (Carwow).
Founded in 2017, Skrap is a construction hire marketplace connecting construction businesses with on-demand skip and construction hire related services. The entire process is managed in a mobile app.
Hussain Hilli, co-founder at Skrap commented: “We’re thrilled to have some amazing investors on board and look forward to leaning on their expertise as we broaden the horizons for Skrap. Our team has huge ambitions to scale across the UK and globally. Having laid the foundations in Skip hire, we are fast expanding in all construction hire verticals. Skrap is making its mark in industry by introducing the first mobile app that makes it simple and convenient for construction companies to access resources they need.”