About Skrap
Skrap is a company based in London (United Kingdom) founded in 2017 by Hussain Hilli, Ahmed Rao, and Marwan Field.. Skrap has raised $1.57 million across 1 funding round from investors including Vanneck, Charles Songhurst and Eamon Jubbawy. The company has 45 employees as of October 31, 2021. Skrap operates in a competitive market with competitors including Huws Gray, Materials Market, Jewson, Builders Bay and BLK Global, among others.
- Headquarter London, United Kingdom
- Employees 45 as on 31 Oct, 2021
- Founders Hussain Hilli, Ahmed Rao, Marwan Field
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Sectors
Real Estate & ConstructionEnvironment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Skrap Ltd
- Date of Incorporation 27 Oct, 2017
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.57 M (USD)
in 1 rounds
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Latest Funding Round
$1.57 M (USD), Seed
Aug 25, 2020
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Investors
Vanneck
& 9 more
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Employee Count
45
as on Oct 31, 2021
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Funding Insights of Skrap
Skrap has successfully raised a total of $1.57M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.57 million completed in August 2020. 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 Total Funding
- Total Rounds 1
- Last Round Seed — $1.6M
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First Round
First Round
(25 Aug 2020)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Seed - Skrap | Valuation | Vanneck |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Skrap
Skrap has secured backing from 10 investors, including institutional and angel investors. Prominent investors backing the company include Vanneck, Charles Songhurst and Eamon Jubbawy. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Offers global equity income and multi-asset investment strategies for clients.
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Founded Year | Domain | Location | |
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CS
Charles Songhurst |
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Founded Year | Domain | Location |
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EJ
Eamon Jubbawy |
Co-founder of Onfido, angel investor in Indian startups, tech enthusiast
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Skrap
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Skrap
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Skrap Comparisons
Competitors of Skrap
Skrap operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Huws Gray, Materials Market, Jewson, Builders Bay and BLK Global, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Retailer of construction materials
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| domain | founded_year | HQ Location |
An online marketplace for building materials procurement is provided.
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| domain | founded_year | HQ Location |
Building materials and construction supplies are distributed by Jewson.
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| domain | founded_year | HQ Location |
Hosts a digital marketplace for builders and construction needs.
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| domain | founded_year | HQ Location |
Online marketplace offering industrial supplies
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Skrap
When was Skrap founded?
Skrap was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Skrap located?
Skrap is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Skrap a funded company?
Skrap is a funded company, having raised a total of $1.57M across 1 funding round to date. The company's 1st funding round was a Seed of $1.57M, raised on Aug 25, 2020.
How many employees does Skrap have?
As of Oct 31, 2021, the latest employee count at Skrap is 45.
What does Skrap do?
Skrap was founded in 2017 in London, United Kingdom, as a provider of an online marketplace focused on the construction sector. Tools, heavy equipment, and related services are made available for hire or purchase through the platform. Offerings include ready concrete, portable machinery, excavators, tippers, and site welfare services. Operations are supported by a mobile application accessible on Android and iOS devices.
Who are the top competitors of Skrap?
Skrap's top competitors include Materials Market, Huws Gray and BLK Global.
Who are Skrap's investors?
Skrap has 10 investors. Key investors include Vanneck, Charles Songhurst, Eamon Jubbawy, Anil Stocker, and Paul Huntingdon.