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Amsterdam-based Timberhub logs €5.8M funding to digitise offline timber marketplace

Timberhub founders
Image credits: Timberhub

Many companies all over the world are progressing in designing and building carbon-neutral buildings and creating a sustainable world. Some of these companies are ahead of the 2030 European decarbonisation goals and close to approaching the net zero target for 2050. A few months back, we saw 011h, a sustainable building platform get €25 million to curb CO2 emissions with wooden buildings. Likewise, Timberhub raised €1.5 million to build a digital timber marketplace.

€5.8M to redefine the offline timber industry

Now, the Amsterdam-based B2B platform for timber materials, Timberhub has snapped €5.8 million in seed funding. The investment round was co-led by European early-stage investors HV Capital and Creandum joined by existing investor Speedinvest, which closed €80M fund focused on greentech startups.

Timberhub will use the fresh funding to accelerate engineering growth and continue the digital transformation of the timber industry.

Quote Ion Sergis, Timberhub CEO and co-founder said, “We are excited about the opportunity to contribute to a greener construction industry. Bringing transparency, higher availability and faster delivery times in the timber supply chain will improve the affordability and the predictability of construction projects. Creandum, HV and Speedinvest are great partners that understand that this is the right time to digitise this industry.”

Quote Tommy Androutselis, Timberhub COO and co-founder said, “Timberhub has been a reliable partner to numerous sawmills, manufacturers & construction companies during this volatile period. We aim to digitise the timber industry and we will use the investment to double down on building the infrastructure and the right tools for all market participants. We are thrilled to add HV and Creandum to our team of world-class investors.”

Quote HV, Felix Klühr said, “The lack of construction materials has had and will continue to have a massive impact on our society in both the private and public sectors. This can only be tackled by creating a more efficient marketplace that brings transparency on price, quality and availability to a gigantic industry in deep need of digital solutions.”

Quote Creandum, Peter Specht said, “Timberhub’s managed marketplace not only brings better processes, higher availability, and predictability into this market but also contributes to the imperative shift towards a more sustainable future for manufacturing and construction. The extraordinary growth of the company from the get-go reflects the strong need for this. Paired with the marketplace and industry expertise of the team, we are thrilled to partner up.”

Digitises timber industry

Timber is one of the largest industries globally yet in the early days of digitisation. Founded in March 2022 by former Uber EMEA Head of Pricing, Ion Sergis; former Exponent Engineering consultant Thomas Androutselis, Ioannis Androutselis; and Dimitrios Pagkratis.

It works with the mission to redefine the timber industry by actively connecting manufacturers and construction companies with sawmills while managing procurement, payments and transportation of timber materials through its digital B2B marketplace. It transforms the historically painful process, is transformed into a seamless experience generating substantial efficiency, productivity and profitability gains for all stakeholders along the supply chain.

It intends to contribute to a sustainable future for manufacturing and construction. Timberhub aims to make timber the number one choice for building materials. The founders believe that transparency, faster availability and shorter lead times can accelerate timber usage in construction and contribute to the reduction of embodied carbon in buildings. Substituting wood for conventional building materials reduces emissions by 69%.

In five months since its debut, the Dutch startup serves customers across 15 countries in Europe ranging from small manufacturers to large construction companies. On the supply side, Timberhub’s network includes sawmills of all sizes, guaranteeing availability, competitive prices and the right quality of timber materials.

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