A $750K Seed extension was raised by Nuqlea, a Buenos Aires, Argentina-based supplier of B2B digital platform for the construction sector.
Foundamental led the round, which increased the total funding to $4 million.
Newtopia VC, Matías Woloski, co-founder of Auth0, former NBA player Emanuel Ginobili, and other investors were among those that joined Foundamental.
Over fifty construction enterprises and cooperatives have been onboarded by the company since its start.
The company plans to establish the foundation for future worldwide expansion by using the money to grow its operations in Argentina.
“This extension is as much about partnering with one of the most forward-thinking VCs in this space, in Foundamental, as it is about the funding. It’s a testament to the work and focus of our team, as well as our dedication to making the construction sector in Argentina and beyond more transparent, efficient and inclusive for all.”
Gasto Ramy, CEO
Established by CEO Gaston Remy, CFO Pablo Silveri, and COO Ines Cura, Nuqlea serves the Argentine construction industry ecosystem through a B2B marketplace that links the value chain via its AI-powered Studio. Using the studio, builders, manufacturers, finance companies, logistics companies, and more can all be brought together to oversee whole construction projects.
Stakeholders throughout the value chain can securely share quotes, purchase orders, and invoices. In order to maximize order fulfillment, Nuqlea collaborates with shipping firms and provides clear tracking and traceability.
Additionally, Nuqlea members have access to essential credit and finances whenever and whenever they need them thanks to its connections with finance companies.