Cutstruct is a digital marketplace that focuses on transforming the procurement process for construction materials. Founded in 2019 by John Oamen and Tayo Odunsi, Cutstruct is based in Lekki, Nigeria. The platform offers services including the purchase of building materials, hiring labor, and managing construction projects efficiently. As of 2025, Cutstruct has raised a total funding of $620,000 from investors such as Techstars, DFS Lab, and LoftyInc Capital Management.
| Attribute | Information |
|---|---|
| Founding Date | 2019 |
| Headquarters | Lekki, Nigeria |
| Founders | John Oamen, Tayo Odunsi |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Techstars, DFS Lab, LoftyInc Capital Management |
| Industry | Construction, PropTech |
| Number of Employees | 31 |
Cutstruct was established in 2019 by the duo John Oamen and Tayo Odunsi, with a vision to revolutionize the construction industry in Nigeria and beyond. The founders identified inefficiencies in procurement and project management within the construction sector, which often led to project delays and increased costs. They leveraged their industry experience to create a digital marketplace that connects building contractors with reliable suppliers, ensuring timely delivery of quality materials. Their platform gained quick traction due to its promise of transparency and efficiency, effectively addressing long-standing procurement challenges.
Cutstruct operates as a comprehensive digital marketplace for construction materials and services, reflecting its commitment to streamlining construction processes. The company allows real estate developers and contractors to source vetted vendors with beneficial services such as transportation, goods-in-transit insurance, and trade credit, ensuring a seamless procurement process. Key achievements include:
Presently, Cutstruct is a pivotal player in Nigeria's construction industry, offering a comprehensive solution for procuring building materials. The platform not only connects suppliers and project managers but also enhances market competitiveness by enabling price transparency and quality assurance. With a strategic focus on expanding its reach within Nigeria, Cutstruct's competitive advantages include its wide supplier network, innovative digital solutions, and ability to deliver materials promptly. As an emerging leader, Cutstruct aims to dominate the construction procurement market by continuously upgrading its platform and service offerings.
Cutstruct has become a significant entity in the construction procurement industry by harnessing technology to solve traditional inefficiencies. As it continues to scale, the company is potentially poised to influence the construction material marketplace significantly through innovation and improved service delivery. With future prospects geared towards expanding its market and enhancing platform features, Cutstruct is set to remain at the forefront of digital construction solutions in Nigeria and potentially other regions in Africa. The company's emphasis on transparency and efficiency will likely pave the way for broader adoption and sustained growth.