Lyon-based Vizcab SaaS platform has netted €5 million in Series A funding. The round was led by KOMPAS VC, an early-stage VC firm focused on the decarbonisation of the built environment and the manufacturing industry that previously backed Material Evolution and Prewave, with participation from Rise PropTech Fund, Cemex Ventures, and Altur Investissement. Also, existing investors A/O and Banque des Territoires (Groupe Caisse des Dépôts) participated in the round.
The investment will be used to support its continued growth as it aims to empower net-zero building strategies with AI-driven solutions and expand its operations across Europe.
Net-zero construction made possible
The importance for sustainability in the construction industry is underscored by evolving regulations across Europe and the United States. LCA (Life Cycle Assessment) requirements are set to be mandatory for all newly constructed buildings across Europe by 2027. Transitioning the path towards net-zero construction, Vizcab calculates the LCA to reduce the carbon impact of construction projects.
Founded in 2015 by Dr. Thomas Jusselme and Guillaume Lafont in Lyon, France, Vizcab connects the whole value chain, including real estate developers, architects, engineers, construction companies, and manufacturers. It allows construction and real estate players to reduce their carbon footprint, with the help of data calculating, reporting, and visualisation tools.
The platform enables various stakeholders to develop net-zero building strategies and meet environmental regulations and carbon budget requirements to be in full control of a project’s carbon trajectory.
Dr. Thomas Jusselme, Co-founder and Co-CEO, Vizcab said: “Buildings are responsible for 37% of global emissions, with embodied carbon of materials making up 90% of future building emissions. Our mission is to assist stakeholders in transforming the construction industry by managing carbon emissions of projects — ensuring they meet the stringent carbon budget standards right from the planning stage until the building handover.”
Guillaume Lafont, Co-founder and Co-CEO, Vizcab added: “Thanks to this new funding, we are well placed to maintain our technological edge, strengthen our connections with the digital construction ecosystem, and accelerate our international expansion.”
Commenting on the investment, Andreas Winter-Extra, Partner, KOMPAS, added: “Our investment in Vizcab reflects our commitment to creating a sustainable and efficient built environment. We firmly believe Vizcab is at the forefront of a transformative movement in the construction industry and its innovative platform that seamlessly integrates with industry-standard construction tools can encourage the widespread adoption of sustainable practices. Vizcab’s approach to LCA calculations and sustainability perfectly aligns with the global shift towards carbon neutrality and has the potential to transform the construction process globally.”
Jerome Constant, Partner Rise PropTech Fund said: “The solution proposed by Vizcab convinced us because it meets a real need for transformation in the sector, thanks to its innovative nature and its commitment to the sustainability of buildings. We will be making our eco-system available to Vizcab to support them in their product and international development.
“Vizcab’s exhaustive solution enables cooperation between different stakeholders to manage carbon strategies throughout a project’s lifecycle, a critical challenge in our complex and interconnected industry, and implement the use of environmentally friendly materials, such as Cemex’s Vertua portfolio of sustainable products,” said Gonzalo Galindo, Head of Cemex Ventures. “As Cemex’s open innovation unit, Cemex Ventures is dedicated to investing in solutions that promote sustainable construction and advance the decarbonisation of our industry, as is reflected by our Green Construction investment pillar.”