CutStruct

CutStruct Technology Limited is a Nigerian proptech company revolutionizing the construction industry by streamlining the procurement process. Founded in 2019, the company operates a digital marketplace called LiveVend, which connects real estate developers, contractors, and builders with verified suppliers for seamless access to construction materials like cement, steel, granite, and sharp sand. By leveraging technology, CutStruct addresses challenges such as price opacity, inefficient procurement, and lack of transparency in Nigeria’s construction sector.

The platform simplifies material sourcing by offering real-time price comparisons, secure payments, and additional services like goods-in-transit insurance, trade credit, and logistics support. CutStruct’s mission is to make construction projects more efficient, cost-effective, and transparent, helping clients stay on budget and on time. With a focus on Nigeria’s rapidly growing construction market, driven by a housing deficit of over 17 million homes, CutStruct is poised to capitalize on the increasing demand for tech-enabled solutions in the sector.

Since its inception, CutStruct has raised significant funding, including a $600,000 pre-seed round in 2022 and a $1.5 million seed round in 2025, backed by investors like Techstars, Zedcrest Capital, and E3 Capital. The company is headquartered in Lagos and employs a small but dynamic team dedicated to driving innovation in construction. CutStruct’s platform also supports project management tools, enabling users to track budgets and expenditures, making it a one-stop shop for construction needs.

CutStruct was founded in 2019 by John Oamen and Tayo Odunsi, two second-time entrepreneurs who identified significant inefficiencies in Nigeria’s construction material procurement process. Observing the challenges of sourcing credible suppliers, navigating opaque pricing, and managing logistics, they envisioned a tech-driven solution to transform the industry. Their combined expertise in real estate and technology laid the foundation for LiveVend, a platform designed to simplify and digitize the procurement experience.

The idea for CutStruct emerged from their firsthand experiences in the construction sector, where time-consuming sourcing processes and unreliable suppliers often delayed projects. With Nigeria’s booming construction market and a massive housing deficit, the founders saw an opportunity to create a transparent and efficient marketplace. Since launching, CutStruct has grown rapidly, securing funding and partnerships to scale its operations and enhance its platform, positioning it as a leader in Nigeria’s proptech ecosystem.

To provide products and services that help buy materials, hire for, and manage construction projects more efficiently and effectively, driving transparency and cost savings in the construction industry.

To redefine how construction gets built in Nigeria and across Africa by leveraging technology to create a seamless, transparent, and sustainable procurement ecosystem.

• Efficiency: Streamlining processes to save time and resources for clients.
• Transparency: Providing clear pricing and reliable supplier partnerships.
• Innovation: Leveraging technology to address industry challenges.
• Sustainability: Promoting environmentally conscious construction practices.
• Customer-Centricity: Prioritizing the needs of contractors and developers.