Tampere, Finland-based Kiilto Ventures announced on Tuesday that it has led equity investment in Asumma, a construction technology company that designs and sells high-quality, move-in-ready single-family homes.
Asumma claims that its custom, eco-friendly houses range from 20m2 to 200m2, with Cross-laminated Timber (CLT) house structures assembled in 2-3 days onsite.
The Finnish company says the investment will help accelerate its growth in the Finnish single-family home market, semi-automate its CLT house architecture and engineering, and further develop the tech behind its platform approach to home construction.
Asumma: Builds home from CLT massive wood
Founded by Martti Mela (CEO), Vitali Balajevs (CPO), and Pekka Airaxin (Chief Architect) in 2021, Asumma designs and delivers high-quality homes built from CLT massive wood.