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Alrik, a Stockholm-based company that creates operations software, recently secured €1M in seed funding. The funding comes from Pi Labs, a global VC firm. Alrik’s software is designed for the construction industry, allowing supervisors to easily monitor their fleets from a central system. This funding will help Alrik expand its operations across Europe, enhance its software, and continue assisting construction companies in reducing emissions and costs through improved fleet management.
Alrik specializes in operations software for the construction industry. Founded in 2022, the company’s software allows supervisors to centrally monitor fleet activity, leading to improved operational efficiency and reduced carbon emissions. Early users have reported significant reductions in fleet emissions and costs. Alrik’s client base includes major distributors like Saint-Gobain and STARK Group. With a focus on digitizing and decarbonizing construction logistics, Alrik is playing a key role in making the construction industry more sustainable.
Faisal Butt, Founder and Managing Partner at Pi Labs, says: “Innovation plays a role in tackling emissions at every touch point in the global construction lifecycle, and the logistics supply chain and transportation of construction materials has been hugely overlooked until now. As a fifth of construction’s Co2 emissions come from moving materials to and from sites, we see the global potential for an efficient, unified system to tackle fleet-wide transportation emissions, under the leadership of two seasoned operators like Nici and Axel.”
Nici Sundén-Cullberg, Founder and CEO of Alrik, states: “Construction sites across Europe continue to grapple with uncertain lead times for materials from a countless number of suppliers and distributors, which hinders their progress. The distributors also need to manage their own logistics network, with a bulk of this still being done over manual phone calls, hand-written records and whiteboards. The lack of coordination leads to poor supply chain visibility, expensive fleet operations and stalled projects on the client side. Alrik effectively eliminates manual coordination with, in many cases, 100 different suppliers and distributors, and unifies the entire supply chain network to deliver projects more efficiently.”
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Read the orginal article: https://arcticstartup.com/alrik-raises-e1m-seed/
