Salt Lake City — Ruck, the on-demand building material marketplace connecting construction professionals with local suppliers, today announced it has raised $5 million in a Seed round led by SNAK Venture Partners and ANIMO Ventures. VSC Ventures, VITALIZE Venture Capital, and returning investors Gold House Ventures, Convoi Ventures, and Hustle Fund also participated.
“Originally, we set out to raise $4 million, but the round was quickly oversubscribed, leading us to increase the total to $5 million. It was a very different experience to have VC’s backchanneling to my friends to try to get in on the round. We definitely paused for a moment to savor the validation, but now it’s time to get back to work,” said Lee Chang, CEO of Ruck. “We’re especially grateful to our early backers such as Gold House Ventures, Utah’s most-prized Convoi Ventures, and Hustle Fund for continuing to invest and show confidence in our team, vision, and progress.
The new funding will enable Ruck to deepen its engineering capabilities and expand its delivery and marketplace platform across key markets. In January 2024, Ruck closed a $1.4 million pre-seed, which helped validate market demand for scale the ordering and delivering of construction materials to professional builders.
“For Ruck’s Driver Ops division, we’re investing further into our tech for our drivers that will allow us to streamline and care for the orders we receive while increasing our load opportunities for them as well. Overcoming deadheading and increasing pickup opportunities for our deliveries is the name of the game.” said Shaun Merritt, President and Co-Founder of Ruck
About Ruck
Ruck is a construction material delivery platform and marketplace that leverages technology and gig workers to fast-track materials procurement. Construction professionals can order from local suppliers and deliver materials in as fast as two hours. Ruck’s mission is to save time, reduce costs, and simplify the logistics process for everyone in the construction industry.
Leave a Reply