Go Banana Online Building Supplies Marketplace Moves to Cardiff

Go Banana, the UK’s first online marketplace for building supplies, receives £500K funding boosts; relocates to Wales.

15:36 14 April 2021

Go Banana has recently relocated to Wales following a seed funding round that has seen a £500,000 equity investment from the Development Bank of Wales and BSKG Holdings.

 

Go Banana is an online platform established in 2016. It allows tradesmen to buy building supplies from hundreds of merchants and currently lists over 100,000 products on its platform and has over 10,000 customers.

 

The firm will use fresh funding to fund the next phase of growth, including the development of new technology tools, customer acquisition and marketing.

 

Co-founder and chief operating officer Phoebe Bull said: “Price, speed of delivery and ease of use are the three major factors contributing to our growth.

 

"The equity investment by the Development Bank will help us to achieve sustained competitive advantage with long-term patient capital that has been tailored to suit our needs from our new home in Cardiff. Relocating comes with many benefits, including having access to a great talent pool to start building an exceptional team.

 

"We’re looking forward to being part of a supportive community and having better access to attractive and flexible funding.”