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The largest construction industry marketplace startup in SEE receives a seven-digit investment

DaiBau
Image credit: ©Unsplash

The Slovenian DaiBau that connects investors to construction contractors has raised an A round undisclosed investment which is confirmed to amount to more than multiple seven-digit euros. The round is led by the German chemical company Henkel and the VC for seed, early, and growth-stage companies from the Western Balkans – South Central Ventures which was also one of the investors in the previous round of funding in 2019 when DauBai raised €700K.

Founded in 2015, DaiBau has offices in Romania, Bosnia, Slovenia, Slovakia, Croatia, Serbia, Austria, and Switzerland and its database connects more than 65,000 service providers and more than 200,000 registered investors. The way the platform works is by suggesting construction companies, architects, and other specialists to individual, company, and institutional investors. The benefit for the contractors is that they receive a tailored-made and verified list of project and client leads every day, while the investors are matched with at least 5 verified contractors for each project tender. The platform, moreover, focuses to establish a close link between the brand, the contractor, and the investor by offering a product and brand integration, advanced market positioning, and insight for brands and manufacturers. 

The co-founder and CEO of DaiBau Martin Pelcl shares that the funds will enable the company to upgrade its platform and solidify its regional market position as well as to increase the current levels of digitalization in its market in order to achieve more transparency for both end-users and contractors. The Adhesive Technologies business unit of Henkel which develops automotive and metal products, packaging and consumer goods, electronics and industrial products as well as products for craftsmen recognized that digitalization can be the main driver of growth for Henkel’s Business models and become their key competitive advantage. The investment in DaiBau will accelerate Henkel’s digitalization strategy and allow the international company to use the accessible information of the platform to gain insight about contractors and end-users. 

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Elena is an Innovation Reporter at The Recursive, an online media dedicated to the emerging tech and startup ecosystems in Southeast Europe. She is keen on sharing the innovation stories that shape the regional ecosystem and has a great interest in fintech, IoT, and biotech startups. Elena is currently finishing her Bachelor's Degree in Business Administration and Political Science at the American University in Bulgaria.
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