Berlin-based ecoworks is a pioneer in the proptech industry that modernises the building envelope by renewing the facade, windows, roof, and insulating the basement ceiling. It providers net zero modernisation of apartment buildings. Net Zero modernisations rely on industrial prefabrication, modular construction and highly efficient energy systems to renovate apartment buildings.
Founded by Emanuel Heisenberg, Kristofer Fichtner and Michael Vahrenkam in 2019, ecoworks doesn’t take a lot of time to modernise multi-family houses. The proptech startup takes just a few weeks to modernise apartment buildings with up to four floors. It operates with the mission to reduce the total energy consumption and greenhouse gas emissions from buildings. What’s more interesting is that the buildings are modernised in a climate-neutral way.
Secures €5 million funding
The Berlin-based proptech startup has now secured €5 million euros of growth capital in a seed financing round from Surplus Invest, a VC fund specialising in the proptech industry, PropTech1 Ventures, the first European VC fund focusing on the potential of the real estate industry that remains untapped, and wi venture, a VC fund for sustainable investments.
The investment round also includeds participation from a consortium of renowned business angels including Klaus Freiberg, the former COO of Vonovia, Alexander Ljung and Eric Wahlforss, the founders of SoundCloud, Christian Vollmann, the founder of nebenan.de, Nicholas Neerpasch, the founder of Doozer, and Torben Schreiter, the co-founder of Signavio.
Commenting on the investment, Kristofer Fichtner, co-founder of ecoworks, said, “We are pleased that we have not only gained well-known investors, but also a wide range of different types of expertise. The collected capital will enable us to digitally integrate additional processes in our value chain in order to further increase our scalability and to achieve our central corporate goal of saving megatons of CO2.”
What does ecoworks do?
The startup uses only factory-produced facade and roof elements and pre-assembled building tech that reduce the amount of work required in completing a project by a whopping 80%. With its processes, ecoworks converts an inefficient building into a decentralised and small power plant by installing photovoltaic systems, thermal reservoirs, and heat pumps. These modern buildings will generate more energy than that is needed by occupants to consume hot water, heating, and electricity. The surplus green energy is fed into the public power grid.
Main image picture credits: ecoworks
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