We're pleased to announce that the LAB Ventures PropTech Fund added The BuildClub to its portfolio in January. The BuildClub allows contractors, plumbers, electricians, HVAC technicians, service professionals, do-it-yourselfers and others to get on-demand deliveries of building materials from their favorite suppliers in about 1 hour. This on-demand service allows construction professionals to easily source and schedule delivery of critical materials at competitive prices, saving contractors time and money.
“The market for construction materials is over $250B in the US alone, and the $5B+ last minute segment is completely underserved. Led by an impressive repeat entrepreneur, we believe BuildClub can become the Amazon.com of construction supplies,” said Tigre Wenrich, CEO of LAB Ventures.
The BuildClub was founded by Stephen Forte in 2019 and is headquartered in San Francisco with an additional office in Los Angeles. The BuildClub platform provides access to virtually any type of building material, from lumber and concrete, to HVAC systems and lighting, sourced from the leading suppliers in Southern California. "We enhance the life of all parties in our value chain," explained Stephen Forte. "Our contractor and service technician customers can make more money by eliminating the costly trips to the supplier or wholesale house, allowing them to do more jobs in less time. Homeowners are happy, as their repairs are finished in a single visit, and the building materials suppliers are happy to off-load the last minute "need it now" orders to The BuildClub, and get access to new customers."
LAB Ventures works strategically with early stage PropTech startups and investors from the Real Estate and Construction industries providing them access to capital, corporate development, customers, innovation and outsized returns through venture capital investments.
