GBuilder eyes international expansion after €2m funding round
Finnish construction technology firm GBuilder will use its fresh finance to accelerate into the UK, Germany, Austria and Switzerland.
Led by Amavi Capital, the latest financing round will enable the company to grow faster and tap into the investors’ expertise and networks, Harri Majala, CEO of GBuilder, said. Existing investors Butterfly Ventures and Vendep Capital also contributed additional capital.
GBuilder digitises residential and commercial properties, allowing customers to walk through the space using 3D and VR visualisations. The platform allows users to do everything from selecting materials and modifications to carrying out inspections and communication processes.
The BIM-compatible software has processed more than 30,000 homes across Scandinavia and central Europe.
GBuilder has been active in the UK market for several years, having worked on a number of projects including recent sales of luxury apartments in Birmingham’s Jewellery Quarter.
Jarmo Ollila, chief sales and marketing officer at GBuilder, said: “The international construction industry is now clearly undergoing a period of transition in terms of both practices and values.
“The challenge is dual: to provide a unique customer experience while managing internal processes reliably and efficiently. We can provide a unique solution that create benefits for the whole value chain.”
Arne Allewaert, managing partner at Amavi Capital, added: “GBuilder’s proven traction in Europe convinced us of the company’s growth potential. Amavi Capital sees an exceptional tool that generates a unique customer experience, while at the same time streamlining the complex execution processes in the back-office and on the construction site.
“In the construction industry, the company’s holistic BIM-based approach is exceptional and the benefits it brings are not only diverse but also indisputable.”