The construction hire marketplace, Skrap — which was founded in 2017 — 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 more.
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The entire process is managed in a mobile app.
The fundraise was led by Vanneck Investments, with participation from a host of entrepreneurs and angel 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).
Hussain Hilli, co-founder of Skrap (pictured above left) 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 was founded with a vision of allowing SME builders to order any construction hire service at the click of a button.
Its team of 25 are building an app dedicated to automating construction hire.
It has been trialled with hundreds of suppliers across London, Manchester and Birmingham to complete over 10,000 deliveries to thousands of construction companies — small and large — to take the hassle of waste management away from the already stressful construction experience.
The company’s ambition is to automate the entire construction hire supply chain across major cities, globally, over the coming years.
Founders Marwan Field, Hussain Hilli and Ahmed Rao came across the problem while running a construction business where logistics were unorganised and fragmented; prices were asymmetric, and the marketplace of suppliers and brokers were doing everything manually.
Hussain added: “Skrap is well positioned to bring innovative solutions to help transform the industry and make it one beacon of industry once again”.