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B2B building materials startup GlobalFair raised $20 million in Series A led by Lightspeed

GlobalFair, a B2B building materials startup, raised $20 million in Series A funding, including participation from Lightspeed as the lead investor and Saama Capital, India Quotient, AUM Ventures, and Stride Ventures. Customers can start interacting with GlobalFair’s platform at any stage of the conventional process, from cost estimates for buildings made using shop drawings and architectural plans to real-time GPS-enabled tracking of final material deliveries on project sites. The money will be used to increase their manufacturing capacity in India and Vietnam, provide capital finance solutions, and establish a long-lasting, synchronised cross-border supply chain that is easily available to buyers worldwide.

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