Helsinki-based One Click LCA, a decarbonisation platform for the construction and manufacturing industries, announced on Tuesday that it has secured €40M investment from PSG Equity (PSG) and InfraVia Capital Partners.
The Finnish company will use the funds to boost R&D, accelerate the delivery of enterprise solutions, fund global expansion, and enable M&A across construction and manufacturing verticals.
“Climate change is one of the biggest threats facing society. With the global building stock set to double in the next forty years, generating 230 gigatons of embodied carbon, we must critically scale up action to decarbonize construction and manufacturing,” says Panu Pasanen, founder and CEO of One Click LCA.
“We believe our partnership with PSG and InfraVia marks a new growth phase as we accelerate toward supporting one million users with LCA, EPD, and other sustainability software,” adds Pasanen.
One Click LCA: Decarbonising construction and manufacturing
Founded by Pasanen in 2001, One Click LCA is a tech company that aims to decarbonise construction and manufacturing sectors with easy-to-use and automated life-cycle assessment (LCA).
It is used to calculate and reduce the environmental impacts of building, infrastructure, renovation projects, construction, and other manufactured products.
The company connects the entire construction value chain, from property portfolio owners to manufacturers, applying a scientific approach to measuring, reporting, and reducing carbon by calculating other sustainability metrics for projects and products in the built environment.
It also enables manufacturers to generate and publish third-party verified EPDs and allows assessment of circularity, life-cycle cost, and biodiversity.
Currently, the solution is used in +150 countries.
Its decarbonisation platform includes a unique global database with +200,000 LCA datasets, and it supports +70 standards and certifications, including LEED, BREEAM, GRESB, and other national regulations.
It also seamlessly integrates with +15 of the most widely used BIM software tools, including Autodesk Revit, Tekla Structures, and Bentley iTwin.
The investor
PSG Equity (PSG) is a growth equity firm that partners with software- and technology-enabled service companies to help them navigate transformational growth, capitalise on strategic opportunities, and build strong teams.
PSG Equity has backed over 130 companies and facilitated over 470 add-on acquisitions.
“We are delighted to partner with Panu and the One Click LCA team to support their ambitions to drive international growth and develop new products to decarbonize the industry,” says Dany Rammal, Managing Director, Head of Europe at PSG.
“Our operational expertise and track record of growing international software champions means that we are well placed to help reinforce and strengthen One Click LCA’s position as a leading force in the decarbonization of global construction.”
InfraVia Capital Partners (InfraVia) is an independent private equity firm specialised in real assets and technology investments.
The company supports entrepreneurs and companies in their growth, helps them expand their businesses, and transforms them into top-tier platforms.
Since 2008, InfraVia has raised €12B of capital and invested in +50 companies across Europe.
Alban Wyniecki, Partner, InfraVia, says, “As the world commits to carbon neutrality, the opportunity for One Click LCA is massive. InfraVia has been a significant infrastructure and construction industry stakeholder through its flagship investment strategy in infrastructure over the past 15 years. Consequently, we are very excited to support Panu and One Click LCA in bringing sustainability to our ecosystem and the broader construction manufacturing industry.”
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