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EQT Ventures invests EUR23.4m in BIMobject

The EQT Ventures fund has made a EUR23.4 million investment in BIMobject AB, a Swedish technology company with a global presence operating at the forefront of digitising the building industry.

Hjalmar Winbladh, Partner and Head of the EQT Ventures advisory team at EQT Partners, will join the company’s board.
 
BIMobject provides a cloud-based platform and powerful technology to make digital product information available for Building Information Modelling (BIM). This ensures that digital representations of each component can be used early in the building process for visualisation, specification, and analysis. Every element can be digitally built, checked and issues identified before the components are created in real-life. This digitisation helps increase efficiency and ensure that the projects can be delivered on time and within budget.
 
The world’s largest and fasting growing digital content management system for BIM objects, BIMobject connects manufacturers with architects, engineers and designers. This enables manufacturers to get their products specified in the early phases of the building lifecycle and all other parties now have a central repository where they can access digital versions of real products for their constructions.
 
The EUR23.4 million capital injection will be used to accelerate the growth of users and customers on BIMobject’s digital platforms in existing markets, drive continued innovation and support expansion into new markets.
 
“The EQT Ventures team has a lot of experience building global technology companies and we’re looking forward to following the development of BIMobject,” says Winbladh “With the team’s combined knowledge we can – together with EQT’s industrial advisors – effectively contribute to BIMobject’s development, help create a great customer and user experience, and build a global winner in a market that has fallen far behind others when it comes to digital transformation.”
 
“We’re extremely proud of this collaboration and EQT Ventures was our first choice to join us on the next stage of our journey,” says Stefan Larsson, CEO and founder of BIMobject. “The EQT Ventures team sees the potential of our business model. This investment will enable us to scale the business faster thanks to the knowledge that the EQT Ventures team has of successfully building fast-growing, internet-based global companies. With our new partner, we take a big step towards our vision that every building and interior product in the world should be in a digital version on our platforms.”

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