Prolo Raises €4.9 Mn in Seed Round led by Triple Point Ventures

The company will use the funding to expand its sales and marketing efforts, launch new products, and speed up the development of its technology.

The oversubscribed funding round was led by Triple Point Ventures, with participation from Anamcara Capital, Concrete VC, Foundation Ventures, Haatch, Koro Capital, Love Ventures, and Portfolio Ventures.

James Morris-Manuel, founder and CEO of Prolo, said, “For decades, SME contractors have been penalised by a lack of price transparency and inefficient ordering, often paying a premium simply because they lack the time and purchasing power of the Tier-1 giants. Through scaling Virtual Walkthrough and my time at Matterport, we learned how to build robust tech that solves very real, very painful operational bottlenecks for the built environment. With Prolo, we are entirely shifting the dynamic of construction supply chains. The demand we are seeing right out of the gate is phenomenal.”

Sam Stone, Investor at Triple Point Ventures, said, “Construction companies are vital to the UK economy, and they will play an increasingly important role as the country looks to accelerate the delivery of new housing and infrastructure. Procurement remains one of the most manual and margin-sensitive parts of running a construction business, and Prolo has a huge opportunity to change that.

“By using AI to help firms automate procurement, find the right products at the best prices, and improve their margins, Prolo is solving a real and urgent problem for the industry. We’re excited to be backing James, a repeat founder with a strong track record, as he builds a category-defining business in construction procurement.”

Founded in 2024 by James Morris-Manuel, Prolo is a London-based AI procurement platform built for small and medium-sized construction companies. It helps businesses manage purchasing and supplier processes more efficiently.

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The platform uses artificial intelligence (AI) to simplify procurement, save time, reduce costs, and help construction firms make smarter purchasing decisions.