DaiBau evolved from Eforma, a company incubated in 2014 by Martin Pelcl and Gregor Černelč at Tovarna Podjemov, a business incubator at the University of Maribor.

Today, a 20-member team runs construction marketplace portals in four countries from offices in Maribor, Zagreb, Graz and Novi Sad under the common brand DaiBau.

The portal is called MojMojster.net in Slovenia, emajstor.hr in Croatia, daibau.at in Croatia and daibau.rs in Serbia.

With a database of more than 30,000 service providers, the platform suggests construction companies, architects and other experts to various investors, including companies, individuals and institutions.

"We have put in four years of efforts to establish DaiBau as a sustainable business. This new investment will support us to expand our team and allow faster growth," said Martin Pelcl, one of the co-founders.

"Our goal is to become the top ranking gateway for construction providers in the region," he told a press conference at the Maribor incubator earlier this week.

Vedran Blagus, an investment manager with South Central Ventures, said that the DaiBau team had persuaded them with "the energy they radiate".

"The team has found a perfect business model that may be projected to other markets. The investment comes at a right time for expansion to the markets of Central and Eastern Europe and we are here to help the team on this journey," Blagus added.

Eforma, as the company was named before the investment, had also obtained two financial incentives from the Slovenian Enterprise Fund in its early phase.

"We are happy for each positive story, and in particular when we can help young companies to make a breakthrough, to develop, grow, go international and attract other investors," the fund's director Maja Tomanič Vidovič commented.