Fundraising Fox

Prolo

9 known investors

An AI-powered operating system for construction procurement that replaces fragmented sourcing, pricing, and supplier management with an intelligent platform.

Investors · 9

Also in the syndicate · 4

a16z Scout FundAnamcara CapitalConcrete VCKoro Capital

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Aug 2026

Prolo is a London, UK-based construction technology company that provides an AI-powered procurement platform for small and medium-sized construction firms. The company positions itself as an outsourced procurement function for contractors and site managers, combining artificial intelligence with human procurement specialists to source building materials, equipment and plant hire. Contractors submit requests and place orders through WhatsApp, email or phone; Prolo then searches a nationwide network of more than 185 suppliers to identify available products and competitive trade rates.

The service gives smaller contractors access to trade pricing on bulk materials and specialist plant hire that is typically negotiated by tier-one construction groups, and offers flexible payment terms of up to 90 days to help customers manage cash flow and take on larger projects. Prolo's stated premise is that procurement remains one of the least digitised functions in construction, with SME contractors spending hours chasing quotes and paying a premium because they lack the scale and buying power of larger firms. The company cites research attributed to the Chartered Institute of Building indicating that supply chain disruption and manual workflows contribute to delays in around 40% of construction projects, with delays averaging five months.

Founding story

Prolo was founded in 2024 by James Morris-Manuel, who serves as CEO. Morris-Manuel previously founded the property technology startup Virtual Walkthrough, which was acquired by Matterport in 2016, after which he served as Matterport's Managing Director for EMEA, helping establish and expand the company's London-based regional operations. He has said Prolo was created to improve pricing transparency and simplify ordering for SME contractors that lack the time and purchasing power of tier-one contractors.

Business model

Prolo acts as an outsourced, AI-enabled procurement team for construction contractors, aggregating demand across a supplier network to obtain trade rates on materials, equipment and plant hire, and extending payment terms of up to 90 days to customers.

Traction

The company reports sourcing from a network of more than 185 suppliers and a growing customer base among SME contractors; its founder has described strong early market demand. The July 2026 seed round was described as oversubscribed.

Latest developments

In July 2026, Prolo announced a £4.2 million seed round led by Triple Point Ventures, to be used to expand sales and marketing and accelerate product and technology development.

Full profile — market position, technology, go-to-market, geography

Market position

Prolo operates in the construction procurement and supply chain segment of proptech/contech, targeting the SME contractor market that it says is underserved relative to tier-one construction groups.

Technology

The platform applies artificial intelligence to procurement workflows, including large language models, natural language processing and voice transcription, to interpret and process purchase requests submitted by WhatsApp, email or phone, with human procurement specialists involved in sourcing and pricing.

Go-to-market

Customers place orders through low-friction channels they already use — WhatsApp, email and phone — rather than adopting new software. Seed proceeds are earmarked for scaling customer acquisition and expanding sales and marketing.

Small and medium-sized construction contractors and site managers in the UK.

Geography

Headquartered in London, United Kingdom, serving UK construction firms through a nationwide supplier network.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Maximum customer credit termsJul 202690 days
Seed round size (EUR)Jul 20264,900,000 EUR
Seed round size (GBP)Jul 20264,200,000 GBP
Supplier network sizeJul 2026185 suppliers

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 2

by search overlap

Companies competing with Prolo for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 2

launches, deals, and filings
Jul 2026
Prolo raises £4.2M (€4.9M) oversubscribed seed round led by Triple Point Ventures

Prolo announced £4.2 million (reported as €4.9 million) in seed funding led by Triple Point Ventures, with participation from a16z Scout Fund, Anamcara Capital, Concrete VC, Foundation Ventures, Haatch, Koro Capital, Love Ventures and Portfolio Ventures. Proceeds are for go-to-market, sales and marketing expansion and new technology and product development.

source ↗

Jan 2016
Founder's prior company Virtual Walkthrough acquired by Matterport

Prolo founder James Morris-Manuel previously founded Virtual Walkthrough, a property technology startup sold to Matterport in 2016; he subsequently served as Matterport's EMEA Managing Director.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Prolo do?
London-based Prolo runs an AI-assisted procurement service for SME construction contractors sourcing materials, plant and equipment.
Who are Prolo's investors?
Prolo's investors include Haatch, Foundation Ventures, Love Ventures, Portfolio Ventures, Triple Point Ventures.