Latii raises $5M to streamline construction materials supply - LatamList

New York-based proptech Latii raised a $5M seed round led by Leadout Capital. Era Ventures, Act One, Nine Four Ventures, and RADV also participated in the round.

Latii offers US customers access to carpentry products from Latin America, Southern Europe, and North Africa, cutting costs by up to 60% on high-quality materials.

With the funds, Latii will develop AI tools that streamline the supply chain for luxury windows and doors and optimize the quotation process.

Founded in 2023 by Colombians Santiago Bueno, Alejandro Roldán, and Juan Pascual, Latii has clients in Texas and over $1M in orders in 2024 and plans to expand to the Pacific Northwest, Mountain West, and New York metro areas.

Read more on Forbes.