HomeFundingGerman contech Schüttflix bags €45 million to enable a fully circular economy...

German contech Schüttflix bags €45 million to enable a fully circular economy for building materials

Gütersloh-based Schüttflix announced that it has raised €45 million in a financing round led by the founders and existing investors and supplemented by a working capital line. New equity investors include FJ Labs, DEVK Insurance and various family offices. In addition, Goldbeck, one of Europe’s leaders in commercial construction, and the waste management specialist IK Umwelt complement the group of shareholders as strategic partners with additional industry expertise. Already on board are Europe’s leading construction technology group, STRABAG, and the Hagedorn Group. As a digital hub for construction site supply and disposal, Schüttflix will use the fresh capital to take advantage of additional growth opportunities in the cooling construction industry. 

“The construction industry is under pressure to quickly leverage additional efficiencies. Our functions such as paperless delivery documentation, live tracking and the upstream price comparison portal make the processes in the value chain for construction companies much more efficient. For us, the crisis is therefore above all an opportunity. The additional capital gives us the necessary drive to make the best possible out of it,” explained Schüttflix CEO Christian Hülsewig.

Founded in 2018, the Gütersloh-based company was able to almost double its turnover in 2022 compared to the previous year to around €90 million. In addition to supply, the disposal of construction sites was introduced as a high-revenue growth area at the beginning of 2023. At the same time, the Schüttflix team has made the organisation even more efficient in recent months and further optimised its own processes. Currently, over 13,000 registered customers and partners use the platform.

“As a company from the same region, we are pleased to partner with Schüttflix and jointly digitalise material flows. Schüttflix significantly boosts transparency and efficiency in our traditional business. It’s a showcase for shaping the necessary transformation with courage and dedication. We are happy to support Schüttflix on that journey,” said Jan-Hendrik Goldbeck, managing partner of the Goldbeck Group.

“Our area of expertise is marketplace startups because we believe in the technologies we invest in. With Schüttflix in particular, we can support with our know-how and want to put the construction industry on a future course together. In Europe, Schüttflix is the best address for this, as the company has impressively demonstrated since its founding,” added Fabrice Grinda, founding Partner of FJ Labs.

As a digital logistics hub, Schüttflix’s goal is to enable a fully comprehensive circular economy for building materials of all kinds in order to accompany the industry on its path to climate neutrality. Because no other sector consumes as many resources and produces as much waste as construction. It is responsible for 40 percent of all CO2 emissions as well as over 60 percent of all waste generated in Europe.

Politically, the EU Commission and the German government have meanwhile set the course for more CO2 and resource efficiency in the construction industry with numerous regulations and resolutions. The focus is also on the digital optimisation of material flows and better networking of all participants in the value chain in order to increase the recycling share and minimise transport. This is where Schüttflix wants to make a difference today.

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Stefano De Marzo
Stefano De Marzo
Stefano De Marzo is the Head of News at EU-Startups. He has been extensively covering startups, venture capital and innovation ecosystems, including contributions to numerous publications such as Sifted, Entrepreneur and Forbes. Through his work as an editor and writer, he continues to shape the narrative surrounding the best stories of the tech world.

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