CutStruct

CutStruct Technology is a Nigerian construction technology company whose flagship product, LiveVend, is a business-to-business construction procurement platform. Buyers such as real estate developers and contractors use the platform to source materials including cement, granite, sharp sand and steel from vetted vendors, replacing direct negotiation with multiple suppliers. The company describes managing the full material requirement, from bills of quantities and schedules through to ordering specific products, with delivery in the specified quantity and quality.

Around the core marketplace, CutStruct bundles adjacent services: transportation and logistics coordination, goods-in-transit insurance, vendor vetting and fulfilment guarantees, and trade credit. A buy-now-pay-later option lets buyers take delivery of materials and repay later. The company also markets a Cutstruct Financiers offering aimed at lenders and project funders, with milestone-based disbursement, procurement verification, fund-allocation visibility, real-time project monitoring, and compliance and reporting features. Additional platform features include price locking against material price fluctuations, real-time dashboards for spend visibility, digital traceability, and weekly pricing data on major building materials across major Nigerian locations, with brand-level price comparison for purchasing decisions.

The company positions itself against long-standing inefficiencies in Nigerian construction — fragmented supply chains, unreliable vendors, inconsistent material quality, procurement delays and cost overruns — that extend project timelines and inflate budgets.

Founding story

CutStruct was founded by John Oamen and Tayo Odunsi, described at the time of the pre-seed round as second-time founders. Oamen serves as chief executive officer and Odunsi as chief strategy officer.

Business model

CutStruct operates a B2B digital marketplace intermediating between construction material vendors and buyers, handling vendor vetting, logistics, insurance, fulfilment and financing in the background. At pre-seed stage the company stated the platform was free for buyers, who could also access weekly building-material pricing data. Ancillary services are delivered through partners, including insurance, bank-provided materials financing, escrow, identity verification and legal structuring.

Sources describe the platform as free for buyers at the pre-seed stage and note value-added services such as insurance, financing and competitive pricing; specific fee structures are not detailed.

Traction

LiveVend had onboarded over 100 vendors and major construction materials manufacturers as of November 2022. A staffing profile lists 23 people associated with the company, including a chief operating officer, product managers, a head of sales and partnerships, a people and culture manager, advisors and a board member.

Latest developments

In May 2025 CutStruct announced a $1.5m seed round led by CRE Venture Capital, with E3 Capital, Techstars and Zedcrest Capital participating. The capital is earmarked for feature development, supplier network growth, logistics and delivery capability, and scaling operations across Nigeria.