Latii – a New York City-based property technology company – announced that it has secured $5 million in seed-round funding. Combined with the $3.3 million raised during a pre-seed round, this funding round brings Latii’s total funding to $8.3 million.
This seed funding round was led by Leadout Capital, with participation from Era Ventures, Act One, Nine Four Ventures, and RADV. And the company will use the funding to continue the development and launch of AI-powered tools that streamline processes for both its customers and fabricators. This infusion will further fuel its U.S.-wide expansion efforts in the Pacific Northwest, Mountain Region, and the New York Tri-State Area by removing cross-market friction.
Latii is a managed marketplace and supply chain automation tool for construction materials, enabling U.S. customers to source high-quality, price-competitive, precision-made fenestration products from Latin America, Southern Europe, and North Africa. And by providing access to alternative supply chains previously inaccessible to the U.S. market, the company generates savings of up to 60% while maintaining quality and offering access to innovative, design-forward architectural styles in steel and aluminum. Headed by a team of industry experts and startup veterans, Latii is helping create supply chain flexibility within the $1.7 trillion U.S. construction industry.
Latii is working with customers in Texas and has facilitated more than $1 million in orders in the past year. Having validated product-market fit and unit economics, Latii is building an automated AI-powered quoting engine to quickly grow its footprint across the U.S.
KEY QUOTES:
“This funding enables us to leverage AI to lower overheads and enhance quality outcomes for our clients. We’re excited to expand into new luxury architectural aluminum and European steel fenestration markets across the U.S., connecting architects and construction material dealers with premium, design-forward windows and doors from world-class fabricators.”
– Santiago Bueno, CEO and Co-Founder of Latii
“We’re excited about our investment in Latii because of the trusted relationships it has built with architects, dealers, and builders. When we spoke with customers, one of their major frustrations concerned the traditional quoting process, which often took over a week and was error-prone. Latii is disrupting the $65 billion window and door market by dramatically streamlining the quoting process while also delivering higher-quality custom products at a significant discount.”
– Steve Brownlie, General Partner at Leadout Capital
“In a luxury and custom-made industry, quality is a key enabler for growth. Suppliers are craving tools to upscale production without compromising the outcome. Our AI-enabled technology can close the gap between the need for highly skilled operative labor and the decline in skilled talent willing to work in legacy industries.”
– Juan Pascual, COO and Co-Founder of Latii
