Flexcavo receives 6.4 million euros
Lars-Thorben Niggehoff
| 27.09.2021
The construction machinery start-up is receiving 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 was able to raise a total of €6.4 million. Proptech-focused investor VR Ventures leads the round, with additional capital coming from Picus Capital, Rivus Ventures and FJ Labs. A number of business angels are also joining the Berlin-based company, including Felix Jahn, Max-Josef Meier and Florian Huber.
"With the approximately 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," founders Benedict Aicher and Leonhard Fricke said in a joint statement. They have launched Flexcavo 2020. Through their company, they offer construction companies a central, digital control system for their machines. According to Flexcavo, this promises to increase 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 machines.
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Investor
2015
München
Picus Capital
Venture capital investor focusing on early-stage technology startups.
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