09 Mar GBuilder raises €2M for international expansion
Finnish ConTech company GBuilder has completed a €2M financing round led by Amavi Capital with participation from existing investors Butterfly Ventures and Vendep Capital. The funds will be used to accelerate international expansion in their target markets which include the UK and DACH.
“We quickly found common ground with AMAVI. In addition to capital, they bring in a huge amount of industry know-how and networks. The partnership enables faster growth in international markets.” says Harri Majala, CEO of GBuilder.
GBuilder’s product is a BIM-compatible software for residential and commercial developers that digitizes the customer journey, material selections and modifications, visualizations, inspections, and communication processes. With over 30.000 housing units being processed on the platform, the software is already widely used by Scandinavia’s largest residential developers, such as YIT, Bonava, and Hartela, but also in countries like the UK, Germany, Belgium, Czech Republic, Baltics and Slovakia.
“The international construction industry is now clearly undergoing a period of transition in terms of both practices and values.” analyzes Jarmo Ollila, Chief Sales & Marketing Officer. “The challenge is dual: to provide a unique customer experience while managing internal processes reliably and efficiently. We can provide a unique solution that creates benefits for the whole value chain.”
“GBuilder’s proven traction in Europe convinced us of the company’s growth potential, AMAVI Capital sees an exceptional tool that generates a unique customer experience, while at the same time streamlining the complex execution processes in the back-office and on the construction site. In the construction industry, the company’s holistic BIM-based approach is exceptional and the benefits it brings are not only diverse but also indisputable,” Arne Allewaert, managing partner at AMAVI Capital comments.
About AMAVI Capital
AMAVI is a Pan-European investor established to support growth of the leading and most promising companies active in the PropTech industry, with a geographical focus on the Benelux, Nordics, Germany, Switzerland and France. AMAVI aims to create a bridge between the traditional real estate industry and the most groundbreaking European PropTech companies, by leveraging its combined expertise and network from the real estate, technology and private equity industry. https://amavi.capital/
About Vendep Capital
Vendep Capital Oy is an early-stage venture capital firm investing in fast-growing SaaS companies. Vendep Capital has 40 million euros under management. The funds were raised from Finnish private and institutional investors such as Tesi (Finnish Industry Investment) and The Finnish Innovation Fund Sitra. https://www.vendep.com/
About Butterfly Ventures
Butterfly Ventures is one of the leading seed stage focused VCs in the Nordics and Baltics. Right now Butterfly Ventures invests into deep tech and hardware startups. Butterfly Ventures has 30 million euros under management and the partner team has so far invested into 84 companies. Butterfly Ventures was founded in 2012 and it has offices in Oulu, Helsinki and Stockholm. https://butterfly.vc