The startup offers a procurement platform that streamlines supply chain management for contractors by enabling efficient purchasing of equipment, parts, and supplies from multiple suppliers. This platform provides contractors with access to exclusive pricing agreements, resulting in significant cost savings and improved operational efficiency.
Funding
$23.3M 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
Contractors in the building trades often face challenges in efficiently procuring equipment, parts, and supplies due to fragmented supply chains and a lack of price transparency. This can lead to increased costs, reduced operational efficiency, and difficulty in maintaining purchasing compliance.
Solution
Raiven offers a digital supply chain network that streamlines procurement for contractors in the building trades. The platform provides a marketplace where contractors can efficiently search, compare, and purchase equipment, parts, and supplies from multiple vendors. By aggregating the buying power of over 2,500 contractors, Raiven negotiates exclusive pricing and service level agreements with industry-leading suppliers, enabling members to realize significant cost savings. The platform also offers features such as pricing and inventory alerts to help contractors make informed purchasing decisions and improve compliance by providing a centralized purchasing location.
Target Audience
The primary target audience includes electrical, HVAC, and other contractors in the building trades seeking to improve their bottom line and streamline their supply chain management.
Features
- Digital marketplace for searching, comparing, and purchasing equipment, parts, and supplies
- Access to exclusive pricing agreements negotiated with industry-leading suppliers
- Pricing and inventory alerts to track market trends and product availability
- Private marketplace feature to add preferred suppliers
- Integration of purchasing processes into a single platform