Latin America has substantial infrastructure gaps in key sectors like energy, sanitation, communication, logistics, and housing. To meet the UN’s Sustainable Development Goals by 2030, the continent needs toin infrastructure. However, the construction sector has faced huge challenges due to a lack of coordination and transparency over supply chains, which has impacted the efficiency, capabilities, and cost of building across the region.
“Before Construex, construction companies and buyers had to physically search around cities to find the right suppliers, which was time-consuming, inefficient, and CO2 intensive. Construex has now digitized this entire process, providing access to a comprehensive network of suppliers and data. This means that companies can now manage their supply chain online with full visibility over their options, and make better-informed choices.
After a successful strategic investment, Construex is preparing to expand into Brazil by leveraging partnerships with major regional players. The company is venture backed having previously raised $4.6m from venture capital firmsBeyond Latin America, Construex acts as a strategic bridge between North and South America, enabling greater collaboration, trade, and market access.
“As a purchase manager, it was very difficult to find suppliers. I had to rely on legacy commerce and I realized there was a big price disparity of the same products among different suppliers, which increased overall costs significantly. When I founded Construex I had this problem in mind. After studying in France, I returned home and launched the platform," says Arroyo.