French construction tech startup Vizcab has announced closing its first funding round of €1.6 million, with the support of Banque des Territoires and A / O Proptech, as well as the Unibail-Rodamco-Westfield group.
Vizcab, founded in 2020, allows construction and real estate players to reduce their carbon footprint, with the help of data calculating, reporting and visualization tools. It has 3 main tools: The Vizcab Explo tool (which allows project owners and their advisers to build secure and competitive carbon energy strategies); The Vizcab Eval (an LCA calculation software used by engineering and general contractors to optimize and validate the achievement of “regulatory” carbon levels), and the Vizcab Dashboard (capitalization and reporting platform).
With 680 users on the platform, it was time to speed things up for their CEO Guillaume Lafont: “This €1.6 million fundraiser will allow us to consolidate our technological progress, structure our teams but also move up a gear in terms of marketing and presence, first on the French market, then medium term on the European market”.
Particularly committed to an energy transition, the Banque des Territoires has logically established itself as a natural partner for this fundraising. “Vizcab is a key investment for Banque des Territoires which illustrates the relevance of using innovative digital solutions to accelerate low carbon construction. We believe that this tool will be of great help to local authorities in their dialogue with developers around projects for urban planning regulations or for monitoring the energy and environmental performance of buildings. Our commitment alongside them is fully in line with the work of the Banque des Territoires in the service of more sustainable territories”, said Géraldine Welter, deputy director of the Digital Transition department at Banque des Territoires.
A / O PropTech is the largest venture capital fund in Europe dedicated to PropTech and ConstructionTech. Othmane Zrikem, Chief Data Officer of A / O PropTech, commented: “Contributing to the decarbonization of the real estate industry is part of A / O PropTech’s missions. Vizcab is a strategic investment that illustrates the relevance of modeling and data science for low carbon construction. We believe that this type of innovative eco-design solution will become more widespread in Europe in the years to come, and we wish to help Vizcab to conquer this market.”