StructShare founder (Facebook pic)
StructShare, an Israeli startup that offers a construction procurement and inventory platform for specialty contractors, raised $8 million in funding led by KOMPAS. And TripleW, an Israeli startup that produces lactic acid and PLA bioplastic from food waste, raised $16.5 million in a Series B round of funding led by Firstime VC.
Founded in 2016 by Amir Oranim and Tal Shapira, TripleW upcycles food waste into high-value, high-demand lactic acid, utilizing a climate transformative technology. TripleW boasts clients can generate five times more revenue by combining lactic acid with biogas production. The process utilizes supermarket logistic returns, surplus, industrial food rejects and municipal source-separated food waste.
Israel is at the forefront of green technology development. Part of this is finding ways to reduce waste, in every form. Trash removal wastes a great deal of energy. And then there is all of that landfill. Also, biodegradable wastes can emit greenhouse gases as they decompose. So recycling such waste offers multiple ways to help the environment.
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“This investment is TripleW’s catalyst for explosive growth. We are uniquely positioned to mitigate the effects of climate change by decarbonizing food and plastic waste on a massive scale,” said TripleW CEO Tal Shapira. “Through the hard work of our dedicated team and our incredible partners, our technology has demonstrated the power of the circular economy to improve the sustainability of existing waste management infrastructures while increasing their revenue and profitability. Now, this funding round will enable TripleW to ramp our proven technology from demo scale to commercial scale by transforming multiple existing large scale waste management installations.”
StructShare was founded in 2017 by Or Lakritz and Arik David and launched in 2021. The company developed a contractor-focused software solution that the company says enables trade contractors to take control of the entire procurement cycle. By automating all procurement processes in the field, office and warehouse, StructShare reduces costs and material waste, prevents purchasing mistakes, and enables full control over spend and inventory.
Improve job cost accuracy with seamless budget and inventory tracking. Track building material costs by project phase and cost code. Get real-time visibility on inventory and budgets at a glance with project expense dashboards.
StructShare Co-Founder Arik David said, “We are extremely proud of the team and look forward to continuing to facilitate the transition of efficient commerce in the construction industry. The fresh funding will help us to expand our platform and continue to scale our footprint in the US and beyond.”
Alongside the new round of funding, StructShare is planning on launching new products to further streamline and automate subcontractors procurement processes, enhance materials management capabilities and make the best buying decisions.
