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Building firms looking for 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 various companies, making certain compliance with these necessities. The platform streamlines the method with contractors, builders, homeowners, and authorities businesses sharing their necessities for every challenge and with the platform dealing with every 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 supply 100s of several types of certifications, increasing alternatives for each prime contractors and small companies within the building trade. Prime contractors pay an annual payment to entry the platform based mostly on utilization whereas it’s fully 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, far more…
Who had been your traders and the way a lot did you elevate?
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 affords.
Robust Leaf allows contractors to satisfy their compliance necessities on building initiatives by connecting them with small and various 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 various companies to the fitting initiatives, 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 what you are promoting mannequin?
We cost contractors a yearly payment 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 what you are promoting led your traders to write down the test?
Development, imaginative and prescient, trade want.
What are the milestones you propose to realize within the subsequent six months?
Develop the staff and income.
What recommendation are you able to supply firms in New York that do not need a contemporary injection of capital within the financial institution?
There may be a number 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 aim is to develop to new markets. To this point now we have been centered on the jap US, and with this spherical we wish 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 Seashore or Lengthy Seashore or a weekend escape to Fireplace Island.
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