German construction tech frontrunner, Schüttflix, is making seismic waves with a €45 million funding feat. Embracing change-makers like FJ Labs, DEVK Insurance, and a league of family offices, alongside established supporters Strabag, the Hagedorn Group, and strategic allies IK Umwelt, this move ushers in a new era for the innovative firm.
Growth knows no bounds for Schüttflix, as the funding injection propels its bulk materials marketplace to even greater heights. A stellar performance in 2022 saw the Gütersloh-based company nearly double its turnover to an impressive €90 million. Not stopping at supply, Schüttflix magnificently ventured into the lucrative realm of construction site disposal at the dawn of 2023.
The construction industry, a potent contributor to environmental strain, is shifting under the weight of mounting pressure. Responsible for 40% of CO2 emissions and over 60% of Europe's waste, it's a sector ripe for transformation. Schüttflix CEO Christian Hülsewig acknowledges the pivotal moment, stating, "The construction industry is under pressure to quickly leverage additional efficiencies. Our functions such as paperless delivery documentation, live tracking and the upstream price comparison portal make the processes in the value chain for construction companies much more efficient. For us, the crisis is therefore above all an opportunity. The additional capital gives us the necessary drive to make the best possible out of it."
Fabrice Grinda, Founding Partner of FJ Labs, underlines the strategic significance of this union, stating, "Our area of expertise is marketplace startups because we believe in the technologies we invest in. With Schüttflix in particular, we can support with our know-how and want to put the construction industry on a future course together. In Europe, Schüttflix is the best address for this, as the company has impressively demonstrated since its founding."
In an industry clamoring for innovation and sustainability, Schüttflix stands at the crossroads of transformation. With €45 million as its sail, the company charts a course toward reshaping construction's legacy, and with it, a greener future for Europe.
