Today Berlin-based Construyo, a tech startup revolutionising the construction industry with its holistic project management service, has raised €2 million in seed funding from Talis Capital. The fresh funds will be used to further develop its unique platform.
Founded in 2018 by entrepreneurs Leonhard Jeub and Fabian Müller, Construyo’s mission is to bring the construction industry into the 21st Century: to take the hassle, intransparency and cost out of renovating and building properties. Both homeowners and developers can design, plan and execute residential building projects on its single, intuitive platform. In the early stages of the process, a dedicated Construyo project consultant guides users and works with them to understand what work is needed and which services will support their plans. Then, the platform’s previously vetted partners, including architects and engineers, work directly with the customer to complete the planning of the project with the support of Construyo’s construction experts.
This method provides a greater level of transparency and connects the different stakeholders, allowing them to more easily communicate with one another. The benefits include fewer delays, lower costs, including those associated with building work overrunning, and more efficient project management. Construyo highlights that this is set to become even more important as the impact of the coronavirus plays out on the construction industry, with an increased focus on building homes as efficiently as possible.
Leonhard Jeub, co-founder of Construyo, said: “While large industries like manufacturing and agriculture saw huge productivity increases due to digitisation, the construction industry works largely how it’s always done. Over the past 20 years, it’s seen just a 20% increase in efficiency and, in such a digital era, it’s just no longer fit for purpose. Building and renovating residential properties is unnecessarily complex, inefficient and expensive. We’ve created a service that cuts these unnecessary costs, increases efficiency and provides the kind of service customers and partners have come to expect from modern businesses and services.”
Beatrice Aliprandi, senior associate at Talis Capital said: “Leonhard and Fabian have developed a truly disruptive service that is already revolutionising how the construction industry looks and works, at a time when such ideas are needed to prepare for the ever-evolving impacts of global events. They, and their business model, are highly efficient and Construyo sits within an industry that is one of the least digitised spaces. This makes it a hugely exciting and interesting investment for us and we’re delighted to work with the founders to take the hassle and cost out of construction.”
Construyo plans to use the investment to further develop its platform and partner network and to become a fully end-to-end solution. Talis joins previous investors Florian Swoboda, founder of Liberty Ventures; Florian Leibert, founder of D2iQ, and Jan Kanieß, co-founder of Payone GmbH.