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.
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.