Gravel closed a $14M Funding!!
Jakarta-based construction marketplace Gravel closed a $14 million funding round to scale its digital platform, connecting builders with skilled workers and suppliers amid surging demand.
The funding marks the VC firm New Enterprise Associates’ (NEA) first Southeast Asia investment.
Gravel saw 45x revenue growth since 2020 as its talent pool ballooned to 1.7 million workers.
It now supports major infrastructure projects across 20 Indonesian provinces while reducing hiring times from two weeks to minutes via its AI-powered job recommendation engine.
.jpeg)
Gravel in 2017
Cofounder and CEO Georgi Ferdwindra Putra began developing Gravel in 2017 after witnessing severe labour supply bottlenecks that stalled construction timelines and budgets.
The platform offers services spanning daily contracting, lump-sum projects, home repairs, and building materials procurement. It screens workers, provides training, and enables quick payroll to boost performance.
Gravel give Clients Oversight into Project Stages
Gravel’s real-time analytics also give clients oversight into project stages, required workers and materials, and other key metrics to enhance decision-making and financial planning.
With construction rapidly expanding across residential, industrial, and government-backed infrastructure developments, Gravel sees a ripe opportunity to bring digitization and efficiency to one of Indonesia’s largest sectors.
Having streamlined the domestic skilled labour supply chain, Gravel now has international expansion in its crosshairs with the backing of NEA and other high-profile venture funds.
