Vizcab raises a further €4.5M to boost carbon reduction in construction projects
Summary
Vizcab, a SaaS platform that calculates the Life Cycle Assessment (LCA) to reduce the carbon impact of construction projects, has raised an additional 4.5 million in Series A funding, bringing their total round to 9 million.Founded in 2015 in France, Vizcab automates the calculation of CO2 emissions and Life Cycle Assessments (LCA) of construction projects across a companys entire lifecycle.The AI-driven platform connects stakeholders across the value chain - from architects and engineers to manufacturers and construction companies to optimise their carbon performance, improve operational efficiency, ensure regulatory compliance, expedite ESG reporting and help work towards net-zero emissions.Aiming to achieve a fully decarbonised building stock by 2050, the EU recently passed the Energy Performance of Buildings Directive, which contributes directly to the EUs energy and climate goals.The directives implementation will make LCAs mandatory for larger buildings exceeding 1,000 square metres by 2028 and then all buildings by 2030, driving demand for LCA services like Vizcab.According to Dr Thomas Jusselme, Co-founder and Co-CEO, Vizcab:KOMPAS VC led the round, which included specialist built-environment investors Global Brain (Tokyo) and Brick and Mortar Ventures (San Francisco). "The ever-changing regulatory landscape across the globe means there is growing competition and demand within the market for efficient and streamlined processes for LCAs. Their platform is at the forefront of the transition toward carbon neutrality and can potentially transform the global construction industry. It is highly likely that LCA regulations will extend beyond Europe to Asia and Japan in the future, further increasing market demand for Vizcabs AI-driven platform. "The funding will support Vizcabs growth into new EU markets and help meet growing demand within their already established market in France.In June, Vizcab will launch the first international module to engage with new customers in 33 countries as an initial step in its global expansion roadmap.