Redstone fund VR Ventures invests $7.5 million in Construction-Tech startup Flexcavo
The Berlin-based Construction Tech startup Flexcavo closes its $7.5 million seed funding round. VR Ventures, powered by Redstone, leads the round, followed by the existing investor Picus Capital, as well as Rivus Ventures and FJ Labs. The round also saw participation from notable business angels, such as Felix Jahn, Max-Josef Meier, Florian Huber, Florian Seubert as well as Benjamin Guenther, Sebastian Schuon and Anselm Bauer.
The central platform for construction companies
The SaaS software FlexcavoOS serves as a central platform for construction companies to manage their machinery fleets, as well as handle digital construction sites and cost documentation. With its software solution, Flexcavo aims to increase productivity for construction companies by reducing both economic and ecological costs along the entire construction machinery lifecycle.
In combination with its cloud-based operating system, Flexcavo operates a steadily growing network of its own machinery rental parks, where a wide range of cross-manufacturer construction equipment is offered for rental as well as purchase and sale. Through the close connection of software and machinery fleets, Flexcavo provides its customers a digital rental process. This ensures transparent prices and real-time availability.
Flexcavo for future-driven construction firms
“We see ourselves as the long-term partner for construction firms of tomorrow,” state founders Benedict Aicher and Leonhard Fricke. “With the new funds we are aiming for fully scalable projects that will accelerate the digitization of the construction industry.
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