Luxembourg-based LEKO Labs, a carbon-negative construction company committed to reinventing the construction process for next-generation buildings, announced on Tuesday that it has raised $21M (approx €18.57M) in its Series A round of funding. The company has now raised total funding of $23M to date.
Besides the funding, the company also announced that former Lilium (an aviation startup) CCO Dr Remo Gerber has also joined the company as CEO. LEKO Labs’ current CEO and founder Francois Cordier will be reverting to the CTO role and focus on furthering its groundbreaking sustainable building materials, robotics, and software development.