Building firms in search of authorities contracts should meet subcontracting objectives for underrepresented small companies. This requirement applies to all contracts anticipated to exceed $1.5M below the Small Enterprise Contracting Program. Robust Leaf is a platform that connects building firms and contractors with certified, vetted small and numerous companies, guaranteeing compliance with these necessities. The platform streamlines the method with contractors, builders, house owners, and authorities businesses sharing their necessities for every venture and with the platform dealing with every little thing from matching and outreach to vetting and bid procurement. Robust Leaf has seen 3 bids per bid package deal on common from a pool of 200,000+ subcontractors and distributors that provide 100s of various kinds of certifications, increasing alternatives for each prime contractors and small companies within the building business. Prime contractors pay an annual charge to entry the platform based mostly on utilization whereas it’s utterly free for subcontractors and suppliers.
AlleyWatch caught up with Robust Leaf CEO and Cofounder Wissam Akra to study extra concerning the enterprise, the corporate’s strategic plans, newest spherical of funding, and far, rather more…
Who have been your traders and the way a lot did you increase?
We’re calling it an early enterprise spherical and we raised $4.5M from Reformation, AlleyCorp, and Stellifi.
Inform us concerning the services or products that Robust Leaf provides.
Robust Leaf permits contractors to fulfill their compliance necessities on building tasks by connecting them with small and numerous companies.
What impressed the beginning of Robust Leaf?
I labored for a number of contractors, felt the ache level myself, and didn’t discover a answer available in the market
How is Robust Leaf totally different?
We use knowledge to match small and numerous companies to the fitting tasks, getting 3 bids on common per bid package deal.
What market does Robust Leaf goal and the way massive is it?
Building: $2T market
What’s your small business mannequin?
We cost contractors a yearly charge relying on utilization.
What are the largest challenges that you simply confronted whereas elevating capital?
Discovering the fitting traders that agree with us on the long-term imaginative and prescient of the corporate.
What components about your small business led your traders to put in writing the test?
Progress, imaginative and prescient, business want.
What are the milestones you intend to realize within the subsequent six months?
Develop the workforce and income.
What recommendation are you able to supply firms in New York that wouldn’t have a contemporary injection of capital within the financial institution?
There’s a variety of dry powder on the market, construct a compelling case and lift cash.
The place do you see the corporate going now over the close to time period?
Our purpose is to develop to new markets. Up to now now we have been centered on the jap US, and with this spherical we want to develop our presence on a nationwide scale
What’s your favourite summer season vacation spot in and across the metropolis?
I take pleasure in hanging out on the seashores of NY, whether or not for a day journey to Jones Seaside or Lengthy Seaside or a weekend escape to Hearth Island.
