Vass Technologies Raises €600K in Seed Funding

Vass Technologies, a Carmagnola (TO), Italy-based clean tech startup that offers a ventilated roof, composed by prefabricated modules, recently raised approximately €600k in seed funding.

Backers include Piemontech and some business angels of Club degli Investitori, which adds to a €400k investment made by the founders of the company.

The company intends to use the proceeds from the capital increase to continue to expand in the roof market.

Led by CEO Giuseppe Gianolio, VASS Tech manufactures, produces and sells a ventilated roof, composed by prefabricated modules marketed as PuzzleRoof™ installable in 24 hours including circuitry and plumbing. Modules, which are prefabricated and are installed at construction site just by screwing them to roof structure, like pieces of a puzzle, have integrated value added functions, such as solar thermal, photovoltaic, roof window, lighting and audio speakers, natural ventilation, etc. and can embed several further functions concerning Smart Building applications.

The company won the 2011 edition of Italian Venture Forum – promoted by Camera di Commercio di Torino, Unioncamere Piemonte and I3P in cooperation with Centro Estero per l’Internazionalizzazione Piemonte – in the cleantech category.

FinSMEs

06/10/2012

4 comments

  • At this price hiking age it’s not so unexpected! I guess if the further service of it remains as earlier then the spare service charge won’t bother the people too much. Thanks for the update of ‘Vass Technologies’.

  • Good to see that investors are interested to support a start up of innovative solutions in a typically traditional environment like construction. This prooves the added value and business opportunities of the concept and allows the founders to accelerate the growth of their company.

  • Kristof, I agree with you, actually! I personally like Internet and mobile projects but my favourite startups are Ideapaint (coat) and VillyCustoms (customized bicycles).

  • One of the interesting things in the construction business versus internet and mobile projects, is that once a customer (like architect) is convinced about the solution, he will adopt it forever. The life of the product is not a typical “Gauss curve” like for high tech products, but more like exponential curve. What is difficult is the start, the “early adopters”….

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