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011h raises €25m in Series A round led by Redalpine

Construction platform 011h has raised €25 million in a Series A funding round led by Redalpine, accompanied by Seaya Andromeda and Breega, with the  participation of Aldea Ventures among others.

Previous investors including Giuseppe Zocco, Foundamental and A/O Proptech, also joined the round.

The funding will be used to further develop 011h’s digital platform and building system, as well as grow its team and strengthen its network of partners. Initially, 011h will focus on projects in its home market of Spain. It will then pursue its goal of becoming a leading building platform in Europe, and ultimately an open platform with global reach.

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