At b2venture, we're constantly on the lookout for companies tackling significant, real-world problems with solutions that have the potential to reshape entire industries. And when we find a company addressing a massive, yet often overlooked, sector ripe for disruption, we get really excited. That's why we're thrilled to announce that we co-led VESTIGAS'  EUR 8m late seed round alongside our friends at Project A.

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VESTIGAS is the leading platform for digitizing supply chain processes in the construction industry. With its Supply Chain OS, VESTIGAS eliminates paper-based workflows, digitizes delivery notes, optimizes material flows, and automates invoice verification.

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A Shifting Landscape: The Construction Tech Opportunity

The European construction industry, a EUR 2.1tn powerhouse, faces significant headwinds due to its slow adoption of digital technologies, especially within the critical procurement process. Paper-based delivery notes, manual invoicing, and fragmented communication channels result in operational bottlenecks, inflated costs, and a lack of real-time visibility. 

Adding to these challenges are rising material costs, persistent supply chain vulnerabilities, and increasingly stringent regulatory requirements. However, the recent announcement of a EUR 500 billion infrastructure initiative by the German government presents a potentially transformative opportunity. This significant investment will likely drive increased construction activity and, consequently, heightened demand for efficiency and transparency across the entire supply chain. This makes a solution such as VESTIGAS even more compelling, as it directly addresses these pressures and enables companies to thrive in this evolving landscape. 

Here are some more reasons why we believe in VESTIGAS:

🌎 A Market Ripe for Digital Disruption

The construction industry's reliance on antiquated processes represents a fertile ground for innovation. VESTIGAS offers a fully digital, legally compliant solution that eliminates paperwork, enhances transparency, and streamlines workflows from source to site. The pressure to improve productivity, reduce waste, and meet demanding regulatory requirements (stricter emissions targets, sustainability mandates) positions VESTIGAS to become the industry standard for supply chain management. They are not just offering a better way to manage deliveries; they're enabling a more efficient, sustainable, and profitable future for the entire construction ecosystem.

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📈 Impressive Market Traction

VESTIGAS has rapidly gained market traction since its 2021 launch, securing major European contractors and scaling at an impressive pace. In 2024 alone, the platform has experienced over 10x growth, now serving more than 80 construction players and thousands of users. This rapid adoption underscores the strong value proposition of VESTIGAS and the urgent need for digital transformation in the construction industry. Their enterprise-focused sales strategy, which has already secured key customers like STRABAG and GC Group, provides a solid foundation for continued growth and expansion.

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🖋️ Advanced Electronic Signature

A critical component of VESTIGAS’s competitive advantage is its use of advanced electronic signatures that meet the highest legal and security standards. Certified by TÜV and the Bavarian Ministry of Construction, these signatures ensure that digital delivery notes and other documents are fully recognized and legally binding under European regulations. This eliminates the need for storing physical copies, a major cost and efficiency driver. This commitment to compliance and security provides VESTIGAS with a significant edge, fostering trust and confidence among its clients.

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🎡 Strong Network Effects

VESTIGAS benefits from a highly scalable network effect. Contractors introduce their suppliers to the platform at no cost, facilitating rapid adoption across the value chain. Once onboarded, suppliers gain operational efficiencies and, in turn, encourage other contractors to join, further expanding the network. This dynamic creates a self-reinforcing flywheel, where each new participant enhances the platform’s overall value.

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💥 An Exceptional Founding Team

VESTIGAS is led by an outstanding team with deep industry expertise and a strong track record of execution. The four co-founders—Paul, Julian, Nicolas, and Yannick—bring a unique blend of consulting, technology, and construction experience. Having worked together for over eight years, their cohesion and ability to navigate the complexities of the construction sector give us high confidence in their execution capabilities. Their collective experience spans consulting, technology, and deep domain expertise within the construction industry, enabling them to understand and address the unique challenges facing the sector. Their proven ability to secure large enterprise contracts, combined with their data-driven approach to sales and product development, reinforces our belief that VESTIGAS is on the path to becoming the leading supply chain OS for construction.

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We are incredibly excited to be a part of the VESTIGAS journey and look forward to supporting them as they continue to revolutionize the construction industry. We believe that VESTIGAS is not just building a company; they're building a better future for the construction industry and paving the way for a more efficient, sustainable, and connected world. 🔮

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