Matt Meyers can build anything he wants, thanks to his decades in the lumber and building materials (LBM) space. Instead of building with wood, however, he is choosing to build software. His company Yesler, a B2B marketplace for lumber and building materials, today raised $3.3 million led by Tech Square Ventures with participation from PSL Ventures, SeaChange Fund, and Ascend.vc.
Founded in October 2019, Yesler spun out of the startup studio Pioneer Square Labs, taking input from over 50 buyers and suppliers to build its solutions. Based in Seattle, Yesler streamlines purchasing operations by replacing spreadsheets, hand-written notes, and phone calls that dominate today’s lumber yard operations. Yesler’s software aims to eliminate extra transactions and material movements between lumber suppliers and lumber buyers. (Yesler is investigating products outside of wood but is currently focused on lumber, engineered lumber, and panel products like plywood.)