Vizcab, a SaaS platform that calculates the Life Cycle Assessment (LCA) to reduce the carbon impact of construction projects, has raised €5 million in Series A funding. The investment will be used to support its continued growth as it aims to empower net-zero building strategies with AI-driven solutions and expand its operations across Europe.
The round was led by KOMPAS VC, an early-stage VC firm focused on the decarbonisation of the built environment and the manufacturing industry, with participation from Rise PropTech Fund, Cemex Ventures and Altur Investissement alongside existing investors A/O and Banque des Territoires (Groupe Caisse des Dépôts).
Founded in 2015 by Dr. Thomas Jusselme and Guillaume Lafont, Vizcab provides data-driven solutions for calculating Life Cycle Assessment (LCA) of construction projects — connecting the whole value chain, including real estate developers, architects, engineers, construction companies and manufacturers. The platform enables various stakeholders to develop net-zero building strategies, meet environmental regulations and carbon budgets requirements to be in full control of a project’s carbon trajectory. The imperative for sustainability in the construction industry is underscored by evolving regulations across Europe and the United States, with LCA requirements set to be mandatory for all newly constructed buildings across Europe by 2027.
Dr. Thomas Jusselme, Co-founder and Co-CEO Vizcab, said: “Buildings are responsible for 37% of global emissions, with embodied carbon of materials making up 90% of future building emissions. Our mission is to assist stakeholders in transforming the construction industry with managing carbon emissions of projects — ensuring they meet the stringent carbon budget standards right from the planning stage until the building handover.”
Vizcab’s innovative platform integrates seamlessly with industry-standard construction tools, driving the adoption of sustainable practices across the construction industry. It allows real estate developers to efficiently manage their carbon strategy within a unified interface — enabling them to plan, create, order, analyse and maintain control over the carbon footprint of their projects.
Andreas Winter-Extra, Partner at KOMPAS, added: “Our investment in Vizcab reflects our commitment to creating a sustainable and efficient built environment. We firmly believe Vizcab is at the forefront of a transformative movement in the construction industry and its innovative platform that seamlessly integrates with industry-standard construction tools can encourage the widespread adoption of sustainable practices. Vizcab’s approach to LCA calculations and sustainability perfectly aligns with the global shift towards carbon neutrality and has the potential to transform the construction process globally.”
Read the orginal article: https://www.eu-startups.com/2023/11/lyon-based-vizcab-raises-e5-million-series-a-to-pave-the-way-for-net-zero-construction/
