Abeo Raises €1,5M from SEED Capital
Summary
The company intends to use the capital for upscaling the business including the hire of two new employees.Abeo was established in 2010 by Alexander Wulff to commercialize the patented building technology, Super-Lightweight Structures, which was invented by Kristian Hertz, Professor at the Technical University of Denmark.The company’s so called “SL-Slabs” are constructed of stone blocks of lightweight concrete, which can be reinforced in both angles.According to the company, depending on the application, the structure will be between 4 and 44% percent lighter than hollow core slabs and with better sound insulation and fire resistance.Abeo’s first order for its concrete element is the construction of a 4500 m2 teaching building at DTU.
Funding
Amount
$2.0M
Total raised
Date
November 30, 2011
Announcement date
Investors
SEED Capital
Lead investors
Company
http://www.abeo.com
Funded company
Classifications
industries
HealthTech
applications
Accounting and Taxes
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