Pegbo is a platform that connects contractors with verified local, small, and diverse suppliers to streamline the procurement process and meet Supplier Diversity Spend goals. By facilitating competitive bidding and project matching, Pegbo enhances access to opportunities for small and minority businesses while helping contractors fulfill compliance requirements.
Funding
$1.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many contractors struggle to efficiently identify and engage with verified local, small, and diverse suppliers, hindering their ability to meet Supplier Diversity Spend goals and comply with regulations. The traditional procurement process often involves time-consuming manual searches and lacks a centralized platform for competitive bidding.
Solution
Pegbo is a platform designed to streamline the procurement process by connecting contractors with verified local, small, and diverse suppliers. The platform facilitates competitive bidding and project matching, enhancing access to opportunities for small and minority-owned businesses. Pegbo enables contractors to efficiently source qualified suppliers near their job sites, obtain multiple bids to maximize savings, and fulfill compliance requirements related to supplier diversity. By pre-screening suppliers and matching their capabilities with project requirements, Pegbo simplifies the process of finding and engaging diverse suppliers.
Target Audience
Pegbo's primary customers are general contractors seeking to streamline their diverse supplier procurement process and meet Supplier Diversity Spend goals, as well as small and diverse suppliers looking to expand their network and access new project opportunities.
Features
- Local & Diverse Supplier Finder: Identifies qualified suppliers near job sites.
- Competitive Bidding: Enables contractors to receive multiple bids for projects.
- Supplier Verification: Ensures suppliers are verified as local, small, and/or diverse businesses.
- Project Matching: Matches supplier capabilities with condensed Request for Proposals (RFPs).
- Pre-Screening Process: Streamlines supplier selection by matching capabilities to opportunities.