About iConstruct
iConstruct is a Real Estate & Construction company based in Shah Alam (Malaysia) founded in 2018 by Taquiddin Tamunif and Hasif Ramli. An online marketplace for building materials is offered to contractors. It operates in the Real Estate & Construction and Retail sectors. iConstruct has raised $121.1 thousand across 2 funding rounds from investors including pitchIN, WatchTower & Friends and Bawatana. iConstruct was last valued at $1.53 million in March 2021. Its focus areas include Real Estate and Construction Tech, Construction Tech, Building Materials and Ecommerce. Its legal entity is STREAM SHOP SDN.BHD. Its competitors include Building Materials, Ardeqo and Myseekit; 1 of its 3 listed competitors has raised funding.
Company details
iConstruct was founded in 2018 and is based in Shah Alam, Malaysia. An online platform is operated in the construction sector, where building contractors can generate quotations and procure multi-category materials such as bricks, cement, timber, pipes, tiles, and roofing components. The service facilitates sourcing and purchasing processes for various construction needs across the region.
- Headquarters Shah Alam, Malaysia
- Founders Taquiddin Tamunif, Hasif Ramli
- Stage Minicorn
- SectorsReal Estate & ConstructionRetail
- Email••••••••
- Website iconstruct.my
- Social LinkedIn
- Legal Name Stream Shop Sdn.Bhd
- Annual Revenue$7.58 K (USD)as on Jan 31, 2020
- Total Equity Funding$121.1K (USD)
in 2 rounds
- Latest Funding Round$109.14K (USD), Seed
Mar 2021
- InvestorspitchIN
& 2 more
Funding Insights of iConstruct
iConstruct has successfully raised a total of $121.1K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $109.14 thousand completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $121,101
- Total Rounds 2
- Last Round Seed — $109,135
- First Round $11,966
(Aug 2019)
- Investors Count 3
All 2 funding rounds of iConstruct with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2021 | $109,135 | Seed | $1.53M | pitchIN | – |
| Aug 2019 | $11,966 | Seed | $149,747 | WatchTower & Friends |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2021 | $1.53M | •••••••• |
Last known valuation $1.53M (Mar 2021). 3 investors in total: 3 institutional.
Investors in iConstruct
iConstruct has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include pitchIN, WatchTower & Friends and Bawatana.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startup acceleration programs are run for tech ventures in Malaysia. | watchtowerfriends.com | Kuala Lumpur, Malaysia | ||
Creative projects are supported via reward-based crowdfunding on PitchIn. | 2015 | pitchin.my | Kuala Lumpur, Malaysia | |
Provides mentorship, seed funding, and go-to-market strategies to early-stage startups. | 2018 | bawatana.com | Kuala Lumpur, Malaysia |
Investor details for iConstruct
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of iConstruct
2 people are tracked at iConstruct (2 in leadership).
| Name | Role | Group |
|---|---|---|
Taquiddin Tamunif | Co-Founder | Leadership |
Hasif Ramli | Co-Founder | Leadership |
Complete people profiles for iConstruct
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of iConstruct
4 dated milestones of iConstruct across 3 years, from founding to its latest funding, stage changes and deals.
- Founded iConstruct is founded.
- Funding First funding round of $12K.
- Funding Latest funding round, Seed, of $109K.
- Milestone Reaches Minicorn status.
Competitors of iConstruct
iConstruct has 3 listed competitors in our database, 1 of them funded. They include Building Materials, Ardeqo and Myseekit.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| buildingmaterials.com.my | 2015 | Kuala Lumpur, Malaysia | $121,122 | B2B listing platform for building material suppliers | ||
| ardeqo.com | 2014 | Subang Jaya, Malaysia | Operates a digital platform for listing and trading building materials and equipment. | |||
| myseekit.com | 2010 | Petaling Jaya, Malaysia | Facilitates B2B sourcing of construction materials to streamline procurement for industry professionals. |
Detailed competitors of iConstruct
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about iConstruct
iConstruct was founded in 2018 and raised its 1st funding round 1 year after it was founded.
iConstruct is headquartered in Shah Alam, Malaysia. It is registered at Shah Alam, Selangor, Malaysia.
iConstruct is a funded company, having raised a total of $121.1K across 2 funding rounds to date. The company's 1st funding round was a Seed of $11.97K, raised on Aug 2019.
Annual revenue of iConstruct is $7.58K as on Jan 31, 2020.
iConstruct was founded in 2018 and is based in Shah Alam, Malaysia. An online platform is operated in the construction sector, where building contractors can generate quotations and procure multi-category materials such as bricks, cement, timber, pipes, tiles, and roofing components. The service facilitates sourcing and purchasing processes for various construction needs across the region.
iConstruct's top competitors include Building Materials, Ardeqo and Myseekit.
iConstruct has 3 investors. Key investors include pitchIN, WatchTower & Friends, and Bawatana.
The valuation of iConstruct is $1.53M as of Mar 2021.
iConstruct operates through Stream Shop Sdn.Bhd.