Investors Back Project to Construct Eco-Friendly Homes Using 3D Printing and Innovative Green Technology, Securing $1.58 Million in Funding
A construction technology startup named Litehaus has successfully secured €1.46 million ($1.58 million) in pre-seed funding, which will be used to streamline the home-building process across Europe. Litehaus, Heralded as the 'Uber of construction,' was founded by Thibault and Simi Launay, who faced significant challenges during their attempt to build a home in Portugal five years ago, including delays, budget overruns, and inefficient subcontractor management.
Frustrated by their experience, the Launay couple envisioned a platform to connect landowners with architects, contractors, and designers, enabling easier tracking of costs, progress, and project timelines. With an emphasis on innovative construction solutions, Litehaus offers 3D-printed modular homes and sustainable building technologies to reduce costs, accelerate timelines, and minimize environmental impact.
The startup's digital marketplace aims to revolutionize home-building by addressing the fragmentation and inefficiencies within the industry. Although currently connected with a single US construction company, Litehaus aspires to become Europe's leading construction tech startup [1][2].
Cornerstone VC and Explorer Fund led the fundraising round, with support from Claster Group and pascal Levy. According to Rodney Appiah, a managing partner at Cornerstone VC, the funding would help Litehaus achieve its mission of making homebuilding as simple as buying one, while bringing increased transparency, sustainability, quality, and trust to the process [1].
With this influx of capital, Litehaus plans to further digitize the customer journey, scale customer acquisition, and enhance its 3D home manufacturing capabilities to build 100 homes per year [2].
[1] Enrichment Data from Barman, H. (2023, March 28). Introducing Litehaus: they’re making building a house as easy as buying one. Retrieved from https://techcrunch.com/2023/03/28/introducing-litehaus-theyre-making-building-a-house-as-easy-as-buying-one/
[2] Enrichment Data from Nachumi, D. (2023, March 28). Construction Tech Startup Litehaus Raises €1.5M Pre-Seed to Simplify Homebuilding in Europe. Retrieved from https://techcrunch.com/2023/03/28/construction-tech-startup-litehaus-raises-e1-5m-pre-seed-to-simplify-homebuilding-in-europe/
The Launay couple, founders of Litehaus, aim to create a diverse community of architects, contractors, and designers in the home-and-garden industry. With the recent funding, Litehaus plans to invest in technology to streamline the home-building process, making it more efficient and sustainable. The funding could also help Litehaus expand its digital marketplace across various European regions, fostering a more interconnected real-estate and lifestyle sector. As Litehaus strives to revolutionize homebuilding, it hopes to offer affordable, eco-friendly solutions for a broader audience, promoting sustainable living within the community. With these advancements, Litehaus could potentially disrupt traditional home-building practices and reshape the finance landscape of the construction industry.
