October 30, 2024
NYC-based Proptech Startup Latii Secures $5M Seed Funding to Optimized Supply Chains in Construction
New York, United States -
Latii, a construction materials supplier based in New York, has successfully raised $5 million in seed funding as of October 29, 2024. The funding round was led by Leadout Capital, with further support from Act One Ventures, Era Ventures, Nine Four Ventures, and RXR Arden Digital Ventures. This investment will allow Latii to expand its product offerings and further develop and launch AI-powered tools designed to streamline processes for both its customers and fabricators.
About Latii
Founded in 2022, Latii specializes in supplying high-quality building materials for large construction projects. The company’s products cater to a wide range of structural and finishing needs, emphasizing durability and quality. Latii offers customized solutions tailored to diverse construction requirements, helping clients optimize efficiency and sustainability. By simplifying the specification process, Latii revolutionizes window, door, and construction material solutions for high-end dealers, architects, and homeowners.
Purpose of financing
Latii plans to utilize the funds to broaden its product lines and enhance distribution in the U.S. market. Part of the funding will also support research and development efforts aimed at creating products that shorten construction timelines and improve durability, aligning with the industry's focus on sustainable materials. This investment will allow Latii to expand its offerings, including structural steel, windows, metal castings, and fastening solutions.
Founder’s insights
Santiago Bueno, CEO of Latii, expressed enthusiasm for the investment:
"We're excited to expand into new luxury architectural aluminum and European steel fenestration markets across the U.S., connecting architects and construction material dealers with premium, design-forward windows and doors from world-class fabricators."
Juan Pascual Orero, COO of Latii, added:
"In a luxury and custom-made industry, quality is a key enabler for growth. Suppliers are craving tools to upscale production without compromising outcomes. Our AI-enabled technology can close the gap between the need for highly skilled labor and the decline in skilled talent willing to work in legacy industries."
Look Ahead
In the coming months, Latii aims to reinforce its role as a key player by enhancing supply chain resilience and strengthening client partnerships. The support from industry-aligned investors highlights strong confidence in Latii’s potential to significantly impact the construction materials sector.
For more information, visit Latti on Linkedin