Weaver gets $4M to build out a vetted marketplace for home renovations
- ByStartupStory | March 29, 2022
Weaver, a London-based marketplace and SaaS contract negotiation platform that connects homeowners/architects planning big home renovation projects with certified contractors, has raised $4 million in a preliminary round to expand throughout the country. FJ Labs, Enterprise Fund (a syndicate of former Atlassian and Docker employees), and Dr. Stefan Heitmann (founder and CEO of MoneyPark and PriceHubble) were among those that participated in the round, which was led by European VC btov Partners.
The business, which was launched in 2017, had already collected $1.5 million in pre-seed funding from a variety of angel investors, bringing its total raised to $5.5 million. Weaver’s platform uses an algorithm to match homeowners and architects with relevant contractors, making it easier to get quotations and compare prices without the hassle of having to manually research and contact contractors.
Through built-in messaging, document exchange, and on-site meeting scheduling features, it is also meant to contain critical comms around the contract negotiation/bid process. As a result, the platform serves as a centralized funnel that keeps everyone informed and can be used to track compliance.
Weaver’s platform requires contractors to be personally vetted before being permitted into the marketplace, where they can bid on high-end projects. Weaver inspects them on a regular basis to assess the quality of their work and detect any other issues, such as early indicators of insolvency. Weaver also serves as a troubleshooter for any issues that arise during the construction process.
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