Layoff
Jan 2023Founder Mads Schmidt Petersen said the company later fired its entire engineering team after product issues, cutting monthly costs from roughly $30-40k to about $10k while keeping revenue.
SourceThe Operating System of the construction industry
Company research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
HippoBuild is a Bogotá-based construction software company building a vertical SaaS and embedded marketplace for SMB construction firms in Latin America, centered on WhatsApp-based inventory, budgeting, procurement, and contractor workflows.
Primary product
Construction ERP / operating system for SMB construction companies with WhatsApp-based inventory, budgeting, procurement, and contractor management.
Founded
2021
Headquarters
Bogotá, Colombia
Team size
1-10 employees (public estimates vary; some directories also show 11-50)
Industry
Software Development
Sub-industry
Construction software / construction ERP / vertical SaaS
Offices
Bogotá, Colombia
Business model
Vertical SaaS
embedded marketplace
transaction fee on sourced materials
Funding
Stage
Seed
Total raised
$1.7M
Latest round
Seed · Apr 2024
Apr 2024
Feb 2022 · Y Combinator
Sep 2021
People & investors
Leadership
CTO and Co-founder
COO and Co-founder
Head of Sales
Work & culture
Mission-driven and growth-oriented; public materials emphasize transparency, integrity, inclusion, continuous learning, and a supportive environment.
Product & market
Pricing
SaaS fee plus a 1% transaction fee on sourced materials; public site also shows pricing from COP 400,000 per construction site per month.
Differentiators
- —WhatsApp-first workflows for field reporting
- —predictive purchasing and consumption models
- —aggregated buying to secure better supplier pricing
- —integrates with existing tools and marketplaces
- —rapid onboarding
- —combines inventory, budget, procurement, and contractor management in one system
Technology
Laravel
PHP
PostgreSQL
React
FlutterFlow
WhatsApp
Excel
Customers
Constructora Vives
Poseidón Apartasuites
Okko Tower Medellín
Aratti Ibis Hotel Barranquilla
CityLive Hundred Bogotá
Small and medium-sized construction companies in Latin America
Competitors
Buildstock
Amazon Business
Alibaba
Scale & contact
Estimated revenue
Approximately $0.3M-$1.0M estimated annual revenue / ARR; public estimates conflict.
Estimated monthly visits
795
Signals & risks
Latest news
Colombia Proptech / LinkedIn · Nov 2025
Community post highlighting HippoBuild’s data-driven construction workflow, supplier access, and fast software implementation.
Hippo.Build (YC W22) / LinkedIn · Oct 2025
Company post announcing Hippo Inventario: WhatsApp-based inventory control for construction sites, with real-time stock, traceability, and fewer losses.
Felipe Méndez Vives / LinkedIn · Aug 2024
Product launch post for ToolTask, described as a new tool for managing project scheduling and budgets for construction customers.
Contxto · Feb 2022
Announced the Y Combinator Winter 2022 admission and the $500k investment that helped fund the company’s construction software.
La República · Jan 2022
Spanish-language coverage of HippoBuild joining Y Combinator and receiving a US$500,000 investment.
Jobs and careers at HippoBuild
0 jobs at HippoBuild
No open positions
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