UK – YardLink, a London, UK-based digital procurement startup, raised $17.5M in Series A funding.
The round was led by Beringea, with participation from Amplifier, Speedinvest, and FJ Labs.The company intends to use the funds to double its headcount, currently at 55 staff, over the next 12-18 months, and expand its supplier network nationwide.Led by CEO Neeral Shah, YardLink is a B2B marketplace digitising the $1TN construction supply chain. It connects customers with a network of suppliers, enabling contractors to source and manage equipment, materials and services within seconds. These suppliers can be sourced, booked, and paid for directly through a single digital platform. This streamlines the procurement process and also environmentally friendly by linking up contractors with approved local suppliers and helping to reduce the carbon footprint of every project. The company has worked with thousands of customers and projects since launch, such as Canary Wharf Contractors, HS2 and Battersea Power Station.11/10/2022
