09 Jun Henley Business Angels Members and Southern Angels Investors Club team up to invest in Tradeaze, a marketplace transforming logistics for construction companies
Tradeaze, an innovative asset-light marketplace platform connecting building merchants and contractors to an elastic fleet of construction couriers, has secured investment from seven members of Henley Business Angels (HBA), in collaboration with the Southern Angel Investors Club (SAIC). The investment forms part of a wider £1.25 million funding round.
Anyone who has hired a tradesperson knows the frustration of work being delayed because they need to leave the job to collect parts – their time is better spent on site, not the road. In the construction sector, this inefficiency is widespread and with fewer than 1% of UK building merchants offering same-day delivery, the problem is ripe for innovation.
Tradeaze addresses this gap by providing a digital platform that connects merchants, freelance construction couriers, fleets and sites to enable rapid delivery of materials. With an average response time of just 30 minutes, the platform is already being used by leading UK merchants, including Travis Perkins and Jewson.
With over 290 partners across London and more than 800 freelance drivers on the platform, Tradeaze has demonstrated strong market demand. The new investment will support the company’s expansion into new regions and fuel further in-house software development to scale its services.
Jack Hopkins, Founder & CEO of Tradeaze, is poised to continue their efforts to take the construction world by storm, saying, “We’re excited to partner with HBA and SAIC as we expand Tradeaze nationwide, using technology to deliver unprecedented efficiency and convenience to tradespeople. In addition, we’ll be creating thousands of driving jobs while helping merchants and contractors save significant capital by eliminating the need to own underutilised vehicles.“
Chris Rees, Co-Managing Director of HBA, was delighted by the investment, saying, “Jack and the team are incredibly impressive, noticing the pain point first hand when they were in the industry and developing a hugely profitable solution. We’re pleased we were able to conduct the due diligence alongside SAIC, demonstrating our commitment to collaboration and co-investment.”
HBA is proudly sponsored and supported by
HBA is a member of
HBA is an Investor Partner of
HBA is a signatory of
