Contact
QR code for the current URL

Press release Box-ID: 1115140

DWR eco GmbH Albrechtstrasse 22 10117 Berlin, Germany http://www.dwr-eco.com
Contact Ms Doreen Rietentiet +49 176 21144095
Company logo of DWR eco GmbH
DWR eco GmbH

€7.7 million in new funding for modular carbon-neutral housing retrofit start-up ecoworks

(PresseBox) (Berlin, )
The German net-zero refurbishing startup ecoworks has completed a new funding round, raising 7.7 million euros from an international group of investors. Joining the ranks of ecoworks backers are new investors including the Warema Group, JLL Spark Global Venture, the investment arm of Jones Lang LaSalle (JLL), and the US construction tech venture capital funds Zacua Ventures and Blackhorn Ventures. Existing ecoworks investors PropTech1 and Motu Ventures also participated in this round, along with several business angels.

ecoworks uses digital 3D planning and prefabrication to shift up to 80% of the activities from the construction site to factories. The company develops and designs façade and roof elements that can be build around the existing building as a second skin. Within weeks, the company can retrofit a extremely energy inefficient to an energy plus building. Serial retrofitting is expected to become a cornerstone of a cost-effective and accelerated energy transition in the building sector.

"We invested in ecoworks, because we are sure that the team will continue to actively shape the retrofitting market with their technology. Serial renovation will be key to achieving carbon-neutral housing", emphasized Raj Singh, General Partner at JLL Spark.

Raymond Levitt, Professor at the University of Stanford and Operating Partner at BlackhornVentures added, "Ecoworks has demonstrated impressively that the team can bring automated planning, onsite software tools and robotics in the renovation industry for energy-efficiency upgrading. This will undoubtedly play an important role on the way to net-zero emissions of older, energy-inefficient buildings."

"We will use the investment to strengthen our product in the field of automatic planning, on hardware, and on growing our team and supply chain to increase capacity and delivery," said ecoworks CEO and founder Emanuel Heisenberg. "We are very happy to have gained such a diverse and world-class group of investors in this oversubscribed round, including top U.S. construction and proptech VCs but also large German family offices with in-depth knowledge of the supply chain."

Due to increasingly climate-friendly regulation in the EU and Germany, the market growth for carbon-neutral renovations is expected to continue accelerating. The EU recently announced a new regulation that will ban renting out houses with the worst energy efficiency classes G and H. At the moment the renovation market in Europe is estimates at a size of 770 billion euros per year, 151 billion euros in Germany alone. In sight of increasing costs for materials, low productivity and an accelerating shortage of skilled labor, the construction technology desperately requires new technology to satisfy the demand.

DWR eco GmbH

ecoworks provides modular, carbon-neutral renovation solutions to the housing industry. The company plans, designs and installs facade and roof elements to retrofit multi-story buildings within weeks to a net zero standard. After commissioning the first serial carbon-neutral renovation in Germany, the company now scales the solution and works on further automating planning and on a new product release to increase the prefabrication level.

The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.
Important note:

Systematic data storage as well as the use of even parts of this database are only permitted with the written consent of unn | UNITED NEWS NETWORK GmbH.

unn | UNITED NEWS NETWORK GmbH 2002–2022, All rights reserved

The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.