January 2024 in Contech. At Cemex Ventures, we’re bringing you the most relevant deals that have taken place in the Contech ecosystem during the exciting first month of 2024.
Let’s have a look!
- Hiboo raises €9.3M to expand sales pipeline: Emerald Technology Ventures has invested into Hiboo, which provides equipment data solutions for the construction sector, in a €9.3M funding round. Paris, France-based Hiboo provides an integrated data for contractors and construction managers. Read more.
- KOPE secures £5.5M to accelerate offsite construction: KOPE has successfully raised £5.5M in seed funding with Socii Capital leading the investment. The funding will be utilised to further develop KOPE’s platform for offsite construction, aiming to hasten the industry’s move away from traditional methods. Read more.
- Aira obtains €145M for building decarbonization: Swedish startup Aira announced the completion of a €145M series B financing round with leading climate tech investors from Europe, the United States and Asia. The financing was significantly upsized from its initial €85M target. Read more.
- Briq raises $8M at $150M valuation amidst market challenges: The American startup, Briq, which leverages artificial intelligence to automate financial workflows in the construction industry, has successfully raised US$8 million in an extension round, maintaining its valuation at US$150 million. Read more.
- Concrete4Change acquires €3M in seed round: Concrete4Change announced that has completed a seed investment round of £2.5 million (€3 million). The round was led by Zacua Ventures, an early-stage venture fund focused on the built environment and Counteract, with participation from existing investor GOLDBECK. Read more.
- Bulk Exchange raises $4.5M in seed funding: Bulk Exchange, a marketplace that lets construction companies and contractors buy and dispose materials in bulk, has raised US$4.5million. Instead of heading down that traditional venture capital, the startup has raised the majority of its funding from people in the construction industry. Read more.
- Instagrid secures $95M to enter the North American market: European provider of high performance portable battery systems, Instagrid, has announced a Series C funding round of US$95 million. As part of its North American expansion, Instagrid has hired US CEO Rich Romer, plans to open offices and hire across divisions. Read more.
- Alusid obtains £1M in equity fundraise round: Recylced tilemaker Alusid has raised £1.13 million in an equity fundraising round, including from leading venture capital funder Octopus. The round values Alusid, started as a spin-out business from the University of Central Lancashire in 2015, at £9.5 million post investment. Read more.
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