Prolo raises £4.2M to build AI procurement for construction SMEs

James Morris-Manuel is returning to proptech with a managed procurement service backed by Triple Point Ventures and a16z Scout Fund.

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Primary source: Tech.eu

Why it matters

Prolo is an early test of whether vertical AI in construction can win by bundling software with procurement labor, supplier access and credit, instead of asking contractors to adopt another standalone tool.

Illustration of Prolo's AI-powered procurement dashboard guiding construction SME managers through streamlined orders and supplier selection.

James Morris-Manuel's Prolo has raised £4.2 million in seed funding to sell small and medium-sized construction firms something closer to a buying desk than a conventional procurement SaaS tool.…

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