Prolo raises £4.2M to modernise construction procurement

Prolo , an AI-powered procurement platform helping small and medium-sized construction firms source materials, equipment and labour at competitive market rates, has secured £4.2 million in seed funding. The oversubscribed round was led by Triple Point Ventures , with participation from a16z Scout Fund, Anamcara Capital, Concrete VC, Foundation Ventures, Haatch, Koro Capital, Love Ventures, and Portfolio Ventures. Founded by serial proptech entrepreneur James Morris-Manuel , Prolo aims to moderni