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Doris Yu · · 1 min read500 Startups-backed Thai construction tech firm nets fresh funding
Builk, a Thai tech startup that provides an online construction material-trading platform for construction companies, said it has raised an undisclosed amount of investment.
More funding details
- Lead investor: Beacon Venture Capital, the venture capital arm of Kasikornbank (KBank)
- Other investors: Three other unnamed strategic investors
- Stage: Series B
More company updates
- With the funding, Builk aims to strengthen its technology and financial services to enhance Thai companies’ construction material management process.
- The tech firm claims it has helped more than 3,500 companies in the industry digitize their work processes through its SaaS offering and workflow-integrated marketplace models over the past 11 years.
- It also claims to have generated a sales turnover of more than US$16.1 million last year. It plans to expand its presence within Southeast Asia moving forward.
- In 2018, the 500 Startups-backed Builk secured funding from AddVentures, which is the corporate venture arm of Siam Cement Group.
For more coverage of the company, head here. You can also click on the link below to view key details about the company, as well as its funding history.
Editing by Collin Furtado and September Grace Mahino
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