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.
The houses made by Asumma are constructed using cross-laminated timber (CLT) that is certified by the Forest Stewardship Council (FSC). CLT is a type of pre-fabricated massive wood board made by gluing together layers of timber at right angles to each other.
Not only is CLT a renewable material, it also allows for precise digital control over the design of the house, resulting in precise architecture. The use of CLT enables Asumma to assemble the structure and roof of the house in just 2-3 days, making the construction process much faster.
The Finnish company combines parametric design and building information modeling (BIM) to generate custom house designs more efficiently than traditional architecture and engineering firms.
“Our mission is to make high-quality, sustainable housing affordable for everyone,” says Asumma CEO Martti Mela.
“Healthy, stable societies require a strong middle-class of homeowners. And our collective future hinges on pushing the construction industry toward more sustainable practices.”
“Our goal is to produce the most architecturally-stunning CLT house product available in Europe — while serving as a global beacon for Finnish environmental values,” says Mela.
Kiilto Ventures: Corporate VC of Kiilto
Kiilto Ventures is the corporate VC of Kiilto, a Finnish family-owned company aiming to be an environmental leader.
The VC funds and builds early-stage ventures through discovery, incubation, and investment activities.
“The team at Asumma is exceptional and ambitious. With increased funding, they will ramp-up go-to-market activity and house product delivery here in Finland,” says Ville Solja, Head of Kiilto Ventures.
“They will also double-down on their house-construction tech stack — an innovative, asset-light solution for managing high-volume CLT house design and delivery,” Solja adds.
