Leko Labs, a Luxembourg-based carbon negative construction company, raised $21M in Series A funding.
The round was ld by 2150 with participation from the Microsoft Climate Innovation Fund, Tencent, AMAVI, Rise PropTech Fund, Extantia and Freigeist.
The company intends to use the funds to scale its advanced software and robotics construction solution throughout Europe including Germany, the Nordics and the UK, supplying finished walls from its factory in Luxembourg.
Led by CEO Remo Gerber and CTO and founder Francois Cordier, Leko Labs provides a software platform that calculates and optimizes thermal, acoustic and static properties of the buildings, resolving moisture and noise problems typically associated with wooden buildings. Its algorithm optimizes each building reducing wood usage vs traditional builds by up to 50%, making best use of the precious natural resource.
The technology can be used for buildings up to 100m tall and multiple developments are in completion to date in its Benelux home market, from homes to office buildings, data-centres and beyond.