Rotterdam-based Levvr, a startup that develops a web application for effective information management in the construction industry, announced on Thursday, December 22, that it has raised €1M in a fresh round of funding.
The investment came from investors including Bert van der Els (ex-CEO Heijmans), Gert Jan Troost (former Thales & LogicaCMG) and Henk Snippe (former CEO of HVR Software, successful exit to unicorn Fivetran in 2021). According to Levvr, these investors are actively involved in the company’s development.
Van der Els says, “From experience, I know how ineffective information management can lead to major problems in construction projects. I am impressed by Levvr, the vision they have to tackle this issue and the product they have developed.”
Levvr co-founder, Tom van de Vrede, adds, “Van der Els, Troost and Snippe have a lot of experience growing organisations in the Netherlands and abroad. Combined with the experienced team we have already assembled, we are convinced that this will help us scale Levvr even faster.”
Making process management in construction better
People, cities, countries and continents require new, future-proof solutions, however, the construction industry wastes billions of euros yearly due to failure costs. To support engineers in all their challenges and break down the barriers of complexity, Levvr believes the way they work should be revolutionised from document-driven to data-driven.
Founded in 2021 by Tom Helder, Sylvester Machielse, Jorrin Sebregts, and Tom van de Vrede, Levvr aims to unlock the full potential of engineering teams to build and maintain the systems by providing intelligent, data-driven process management software.
The company says, “Our solution is founded on semantics; the notion that project information has to be captured and described in a well-structured network of data so that it is unambiguous and accessible for all.”
Using Levvr’s online application, project teams can migrate from papers to data and, ultimately, to a knowledge-driven manner of working. By making data-driven decisions, employees can save up to 25 per cent of their time and prevent costly failure costs.
Levvr says it will use the funds to expand its product, turning project data into knowledge that teams can reuse. They accomplish this by utilising database technology, allowing Levvr’s clients to eventually create sophisticated AI applications.
Van de Vrede says, “The sector faces major challenges: urbanisation, a push for sustainable construction, labour shortages, and so on. Through intelligent information management, involved parties can control risks and boost efficiency. Teams can start to tackle these challenges and focus on what they do best: building amazing systems of the future.”
Levvr debuted its online application in late 2021, following a lengthy development process. It is currently employed on dozens of projects and serves well-known clients like Krinkels, Heijmans, and Movares. It plans to grow its workforce and begin new projects with customers in the Netherlands and overseas in 2023.