Germany-based Schüttflix raises €45M, aims to transform the construction industry

Gütersloh-based Schüttflix, a German digital marketplace and delivery platform for bulk construction supplies, announced that it has secured €45M in a fresh round of funding.

Schüttflix says it will use the funds to enhance its technology, expand into new markets, diversify services, form partnerships, attract top talent, invest in marketing, prioritise customer support, and contribute to sustainability efforts in the construction sector.

Christian Hülsewig, CEO of Schüttflix, says, “The construction industry is under pressure to quickly leverage additional efficiencies. Our functions such as paperless delivery documentation, live tracking and the upstream price comparison portal make the processes in the value chain for construction companies much more efficient.”

“For us, the crisis is therefore above all an opportunity. The additional capital gives us the necessary drive to make the best possible out of it,” adds Hülsewig.

Investors in this round

The financing was led by Schüttflix’s founders and existing investors. It also attracted new equity investors New York-based VC FJ Labs, DEVK Insurance and several family offices.

Additionally, industry leaders Goldbeck and IK Umwelt also participated in this round. The company says these partnerships “complement” existing collaborations with STRABAG and the Hagedorn Group, reinforcing Schüttflix’s standing in ConstructionTech and setting the stage for continued growth and innovation.

Fabrice Grinda, founding Partner of FJ Labs, says, “Our area of expertise is marketplace startups because we believe in the technologies we invest in. With Schüttflix in particular, we can support with our know-how and want to put the construction industry on a future course together.”

“In Europe, Schüttflix is the best address for this, as the company has impressively demonstrated since its founding,” adds Grinda.

Breakeven in 12-24 months

Despite industry challenges, Schüttflix claims to have performed well in 2022, leading to this fresh funding.

In 2022, the ConstructionTech company nearly doubled its turnover to about €90M compared to the previous year. The company’s expansion included introducing construction site disposal services in 2023. The team also prioritised efficiency enhancements and process optimisation. 

Currently, the company has over 13,000 registered customers and partners who use the platform.

The EU Commission and the German government are focusing on CO2 and resource efficiency regulations in the construction sector, aiming to enhance recycling and minimise transportation through digital optimisation of material flows and improved collaboration.

Schüttflix is already playing a role in achieving these goals by facilitating efficient material management and networking among industry participants.

The digital logistics hub for the construction industry

Founded in 2018, Schüttflix acts as a digital logistics hub with a key objective of fostering a circular economy for construction materials to help the industry’s path towards climate neutrality. 

Given construction’s resource consumption and waste production, which contribute to 40 per cent of all CO2 emissions and over 60 per cent of all waste generated in Europe, Schüttflix’s aim is to drive sustainability and transformation in the sector by addressing these challenges.

The company serves as a platform connecting construction firms, building material suppliers, waste disposal companies, and freight forwarders. Through the platform, contractors can swiftly compare prices, order or dispose of bulk goods, and arrange transportation.

Schüttflix eliminates the historical regional fragmentation and opacity, establishing an efficient marketplace for common bulk goods across Germany, Austria, Poland, and the Czech Republic. The platform’s benefits extend to partner haulage companies as optimised route planning reduces empty trips, contributing to sustainability.

Additionally, Schüttflix helps construction companies streamline and digitise their operations by providing real-time data analysis and digital documentation for invoices, delivery notes, and weighing documents.