Spain-based 011h bags €25M to make sustainable building construction the new norm

Picture credit: 011h

011h, a Barcelona-based new-gen building firm, introduced on Friday that it has secured €25M in a Sequence A spherical of funding led by Redalpine with the participation of Seaya Andromeda and Breega. 

Aldea Ventures and the corporate’s earlier buyers, together with Giuseppe Zocco, Foundamental and A/O Proptech, additionally participated. 

Salesforce’s report on Dutch workforce’s digital expertise

Has the Dutch workforce mastered all digital expertise? Discover out

Has the Dutch workforce mastered all digital expertise? Discover out Present Much less

Beatriz Gonzalez, Founding Associate of Seaya, says, “This funding reinforces Seaya Andromeda’s dedication to addressing the worldwide sustainability challenges by way of expertise, and our continued help to excellent and mission-driven founders that concentrate on long-term, sustainable progress.”

Fund utilisation

011h says the funding will assist it to develop its digital platform and constructing system, in addition to develop its workforce and strengthen its community of companions. The corporate additionally plans to increase its operation past Spain within the coming years.

Jose Ojeda, co-founder and COO of 011h, says, “We now have already made a lot progress in designing and constructing carbon-neutral buildings and making a sustainable world. It’s solely 2022, and but we’re already manner forward of the 2030 European decarbonisation targets and near the net-zero goal for 2050. This funding signifies that we will speed up our mission and develop our platform as a way to carry dependable, scalable, and cost-competitive building to extra individuals.” 

At the moment, the constructing course of makes use of artisan strategies primarily based on handbook labour, and makes use of unsustainable supplies like concrete and metal. In consequence, residential building has turn into costly, unreliable, and troublesome to scale. In actual fact, buildings are accountable for round 40 per cent of world CO2 emissions.

011h: What you must know

Based in 2020 by a bunch of entrepreneurs, the Spanish firm is a next-generation constructing platform with a mission to speed up the transition to a sustainable constructed setting.

The corporate utilises new building strategies, akin to the newest advances in design, expertise, and sustainability, to ship buildings which can be each individuals and environment-friendly.

011h digitalises the constructing course of to make it repeatable and scalable whereas incorporating sustainable and round rules and supplies – like mass timber – and preserving design flexibility. 

It allows architects to construct and handle better-quality net-zero buildings in a extra dependable and cost-efficient manner.

Thus far, the corporate has delivered a significant venture with Renta Corporación, a publicly-traded developer. 

The embodied carbon of the constructing was decreased by greater than 90 per cent in comparison with typical strategies and, moreover, building timelines have been decreased by 35 per cent, claims the corporate. 

Three main tasks have been booked to begin within the coming months.

Harald Nieder, Common Associate of Redalpine, says, “At Redalpine, we imagine that there are large alternatives round sustainability. In actual fact, the alternatives are such that we aren’t searching for marginal enhancements to the established order. We’re searching for groups which can be aiming to have an actual impression, worthy of the worldwide challenges we face. Building is each some of the unsustainable industries and one of many least digital and the 011h imaginative and prescient is precisely what we had been seeking to help. With a super-strong monitor report and digital experience, the workforce is rethinking the development business from the bottom up, implementing environment friendly and scalable constructing processes, end-to-end throughout a extremely data-driven and sustainable provide chain. We’re extremely excited to be on this journey collectively.”

Ben Marrel, Co-founder and CEO at Breega, concludes, “With their excellent innovation, drive, and dedication to the way forward for our planet, the 011h workforce are pioneers serving to to rebuild the development business. Reworking conventional practices and inspiring business actors to hitch them in paving the way in which to a extra environment friendly, greener, and extra sustainable future. Breega may be very proud to be backing 011h on this landmark collection A spherical.”