Flexcavo receives 6.4 million euros
The construction machinery start-up receives money from VR Ventures, among others. It now wants to use the capital to improve its in-house control software.
The construction start-up Flexcavo has successfully completed its seed financing round. The company raised a total of 6.4 million euros. Proptech-focused investor VR Ventures led the round, with further capital coming from Picus Capital, Rivus Ventures and FJ Labs. Several business angels are also joining the Berlin-based company, including Felix Jahn, Max-Josef Meier and Florian Huber.
"With around 6.4 million euros from VR Ventures and our other new investors, we are aiming for fully scalable projects that will accelerate the digitalization of the construction industry," explained founders Benedict Aicher and Leonhard Fricke in a joint statement. They launched Flexcavo in 2020. Through their company, they offer construction companies a centralized, digital control system for their machines. According to Flexcavo, this promises an increase in productivity.
Customers already include the Peter Gross Bau Holding group of companies. Flexcavo now wants to use the money to improve its own software and start renting out networked construction machinery.
Newsletter
Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.
LinkedIn ConnectFYI: English edition available
Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?
FYI: Deutsche Edition verfügbar
Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?
