Vermando secures funding from WIR Bank.

Switzerland Investments 19 October 2020
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Vermando, a St Gallen, Switzerland-based company operating, a portal for construction-related products, announced that it secured capital funding.

The money was raised from the local bank WIR Bank. WIR Bank initially funded the company in 2018.

Vermando, founded in 2016 by co-CEOs Claudius Habisreutinger and Paul Preiss, developed a website that acts as a digital marketplace for construction materials and products helping homeowners with renovation needs. The site generated 60,000 referrals to over 700 active craft partners in 20 industries, producing a project volume of over CHF 300 million.