Sustainable building design software provider Vizcab announced today that it has raised €5 million (USD$5.5 million) in a Series A funding round, aimed at supporting the acceleration of net zero in the construction industry.
Buildings and real estate are significant contributors to the global climate challenge, accounting for nearly 40% of carbon emissions, according to the International Energy Agency and UN Environment Programme. They are also among the hardest sources of emissions to replace, given their long-term nature.
Founded in 2015 by Dr. Thomas Jusselme and Guillaume Lafont, Lyon, France-based Vizcab offers a SaaS platform that calculates the Life Cycle Assessment (LCA) to reduce the carbon impact of construction projects, targeted at real estate developers, architects, and construction engineers. The solution enables users across the construction value chain, to develop net-zero building strategies and meet environmental regulations and carbon budgets requirements.
According to Vizcab, the funding round comes as the construction industry faces evolving regulations to driving carbon reduction, including an LCA requirement for all newly constructed building across Europe by 2027.
Dr. Thomas Jusselme, Co-founder and Co-CEO of 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.”
The company said that the funding will be used to support its continued growth and to expand its operations across Europe.
Guillaume Lafont, Co-founder and Co-CEO of Vizcab said:
“Thanks to this new funding, we are well placed to maintain our technological edge, strengthen our connections with the digital construction ecosystem and accelerate our international expansion.”
The round was led by decarbonization-focused early stage VC firm KOMPAS VC, with participation from Rise PropTech Fund, Cemex Ventures and Altur Investissement alongside existing investors A/O and Banque des Territoires (Groupe Caisse des Dépôts).
Andreas Winter-Extra, Partner, KOMPAS, said:
“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.”