Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Features
    • How-to
    • Knowledge & Insights
    • Guest Contributions
  • Partners
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Scaling-up in Europe
    • Blue Tulip Awards
    • Partner with us
    • Promoted content
  • Events
    • Technology Events in Europe
    • Submit your event
  • Jobs
  • About us
    • Partner with us
    • About
    • Team
    • Newsletter
  • Contact
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Features
    • How-to
    • Knowledge & Insights
    • Guest Contributions
  • Partners
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Scaling-up in Europe
    • Blue Tulip Awards
    • Partner with us
    • Promoted content
  • Events
    • Technology Events in Europe
    • Submit your event
  • Jobs
  • About us
    • Partner with us
    • About
    • Team
    • Newsletter
  • Contact
No Result
View All Result
Silicon Canals
No Result
View All Result

Luxembourg-based LEKO Labs raises €18.57M to accelerate the world’s transition to sustainable housing; appoints new CEO

Vishal Singh by Vishal Singh
February 22, 2022
in (Crowd)funding, News
LEKO Labs

Image credit: LEKO Labs

99
SHARES
LinkedInTwitterWhatsAppFacebook

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.

- Partner content -
digital skills dutch workforce
Salesforce’s report on Dutch workforce’s digital skills
Has the Dutch workforce mastered all digital skills? Find out
Has the Dutch workforce mastered all digital skills? Find out Show Less
Read more

Cordier says, “I’m delighted to welcome Remo as our new CEO and our new investors to help deliver our vision towards a more sustainable building sector. Together we have a strong shot at the goal of reducing global greenhouse gas emissions in 2040 by 1 per cent using the LEKO Labs advanced building technology. His experience in scaling companies and capitalising them will be instrumental for the success of the company.”

Investors in this round

The round was led by urban sustainability technology VC fund 2150, which closed their first fund at $310M in October 2021. The fund’s mission is to invest in technologies addressing the planet’s most pressing climate change problems and they have, in particular, identified the built environment as a key challenge.

Christian Hernandez, co-founder at 2150, says, “The LEKO Labs team is on an important mission to help decarbonise the built environment with a fundamentally different and scalable approach. We are delighted to partner with LEKO Labs bringing our climate tech and strong European property investor basis to play and help adoption of a groundbreaking new approach.”

The total footprint of real estate developed, built or managed by LEKO Labs’ new investor base totals nearly 500 million sq ft., which corresponds to an area the size of Manhattan.

The round also saw participation from the Microsoft Climate Innovation Fund, Tencent, AMAVI, Rise PropTech Fund, Extantia, and Freigeist.

“Revolutionising the way buildings are created”

Founded in 2017 by Francois Cordier, LEKO Labs is on a mission to accelerate the world’s transition to sustainable housing. The company says, “We are committed to revolutionising the way buildings are created by applying technology to overcome the inefficiencies of traditional construction.”

LEKO Labs has developed a novel wall and floor building material based entirely on wood and wood fibre, which is capable of replacing upto 75 per cent of concrete and steel currently used in constructing a single building. 

With engineered wood and a fully circular manufacturing process, the system provides not only a sustainable approach to building but superior insulation properties with thinner walls, enabling up to 10 per cent more floor space for a given building. The technology can be used for buildings up to 100m tall and multiple developments are in completion to date in its Benelux home market, from homes to office buildings, data-centres and beyond. 

LEKO Labs claims that the wall system is also highly insulating and can reduce the heating and cooling needs of a building by up to 87 per cent compared to today’s standards, while potentially enabling buildings to remain carbon neutral over their entire lifetime.

The company’s software platform calculates and optimises thermal, acoustic and static properties of the buildings, resolving moisture and noise problems typically associated with wooden buildings. Its algorithm optimises each building reducing wood usage vs traditional builds by up to 50 per cent, making the ‘best’ use of the natural resource.

The LEKO Labs system can be applied in most building settings from single-family homes to apartment or office buildings and industrial warehouses or data centres. 

The company has grown to over 30 FTEs in Luxembourg and has recently opened a subsidiary in Switzerland and will soon open an office in London.

Capital utilisation

LEKO Labs claims that the funds will enable the company to scale its advanced software and robotics construction solution throughout Europe including Germany, the Nordics, and the UK, supplying finished walls from its factory in Luxembourg.

Dr Remo Gerber, CEO of LEKO Labs, says, “I could not be more excited to join the journey with Francois and the entire LEKO Labs team, it’s such an important and critical mission. We are making a difference today, each of our walls saves several tons of CO2 here and now. By scaling up our solution with automotive robotics we will achieve global impact in the coming years.”

 - Partner content -
How cybersecurity scaleup Intigriti conquered the world?
How cybersecurity scaleup Intigriti conquered the world?
Catch our interview with Paul Down, Head of Sales at Intigriti.
Catch our interview with Paul Down, Head of Sales at Intigriti. Show Less
Read more
Tags: fundingnewssustainability
Share7Tweet25SendShare40

Featured events

Current Month

may

28apr(apr 28)12:1331may(may 31)12:13FeaturedApplications for Techleap.nl’s Rise Batch 8 are open now

Techleap

Event Details

Are you an ambitious scaleup operating out of the Netherlands? Accelerate your growth with Techleap.nl’s Rise programme. Join their Batch #8!

Event Details

Are you an ambitious scaleup operating out of the Netherlands? Accelerate your growth with Techleap.nl’s Rise programme. Join their Batch #8!

Rise is an exclusive programme for serious tech players. In a trusted environment, scaleup founders share and discuss their growth challenges during tailor-made sessions with experienced entrepreneurs and scaling experts. Every quarter we select 10 companies to join the programme. It’s free, and we don’t seek equity. Check now if your company is eligible!

About Techleap

Techleap.nl’s programmes connect founders with scaling icons, industry experts and fellow tech entrepreneurs. It’s your chance to share challenges and hurdles with peers and established CEOs, and as a result, create favourable growth conditions for your business and overcome looming obstacles on your entrepreneurial path.

If you have any questions about the programme or the application process, please contact the Rise Batch Manager – Peter-Jan Kok at [email protected].

Apply here.

more

Time

April 28 (Thursday) 12:13 - May 31 (Tuesday) 12:13

Learn More

CalendarGoogleCal

june

Taets Art and Events ParkHemskade 16, 1506 PR Zaandam

16junAll Day17FeaturedTNW Conference

Event Details

Join TNW Conference in Amsterdam on June 16 & 17 to all you need to know about the latest market killers and breakout tech, connect with the industry’s who’s-who, and

Event Details

Join TNW Conference in Amsterdam on June 16 & 17 to all you need to know about the latest market killers and breakout tech, connect with the industry’s who’s-who, and turn your business meetings upside down on our ferris wheel… With endless networking opportunities, the world’s boldest voices, and unrivaled party vibes, this year’s TNW Conference will be off the charts!

Time

june 16 (Thursday) - 17 (Friday)

Location

Taets Art and Events Park

Hemskade 16, 1506 PR Zaandam

Learn More

CalendarGoogleCal

Partner content | Work with us

European Startups can expand to Asia through the South Korean Government’s K-Startup Grand Challenge

Running a small business? These 5 tips can create a domino effect of productivity across your entire company

Triller acquires Dutch DJ Sam Feldt’s Fangage to expand its platform for creators

Sweden’s Gimi partners with Dutch bank ABN AMRO to help young people manage and understand their finances

Calling all startups aiming to test their mobility innovations in the real world: Mobility Lab 2022 registration is now open

Silicon Canals | Jobs


Breaking news from Amsterdam | Partner

Amsterdam’s SingularityNET and its spin-off project SingularityDAO sign a €23.6M capital commitment

Amsterdam’s The Social Handshake raises €1.1M to help employees support charities directly from their salaries

These 9 European AI and HPC startups are selected for EscherCloud and NVIDIA’s Hyperion Lab

Amsterdam’s Timberhub raises €1.5M led by Speedinvest to digitise the timber trade

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy Policy
  • Cookie Policy (UK)
  • Cookie Policy (EU)
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2022 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Features
    • How-to
    • Knowledge & Insights
    • Guest Contributions
  • Partners
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Scaling-up in Europe
    • Blue Tulip Awards
    • Partner with us
    • Promoted content
  • Events
    • Technology Events in Europe
    • Submit your event
  • Jobs
  • About us
    • Partner with us
    • About
    • Team
    • Newsletter
  • Contact

Silicon Canals 2014-2022 | Website: Bright Idiots

Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
Silicon Canals
Manage your privacy

To provide the best experiences, we and our partners use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us and our partners to process personal data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.

Click below to consent to the above or make granular choices. Your choices will be applied to this site only. You can change your settings at any time, including withdrawing your consent, by using the toggles on the Cookie Policy, or by clicking on the manage consent button at the bottom of the screen.

Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Statistics

Marketing

Features
Always active

Always active
Manage options Manage services Manage vendors Read more about these purposes
Manage options
{title} {title} {title}
X
X