SigmaRoc Leads €1M Seed Funding in Construction Tech Startup Koncrete
Why we think this is neutral
This RNS announcement provides an update on SigmaRoc's investment in Koncrete, a French construction technology startup. While the investment in an innovative startup is positive, the announcement does not contain any financial figures, trading updates, or other mandatory news types that would warrant a stronger sentiment score. Therefore, a neutral sentiment is appropriate.
Key Points
- SigmaRoc's Skreenhouse Ventures leads €1 million seed funding in Koncrete
- Koncrete is a French construction tech startup focused on digitising procurement and logistics
- Investment will support Koncrete's growth in France and initiatives to reduce carbon emissions from materials transport
Summary
SigmaRoc's innovation and investment arm, Skreenhouse Ventures, has led a €1 million seed funding round in Koncrete, a French construction technology startup. The investment will support Koncrete's efforts to digitise procurement and logistics in the building materials sector, as well as its initiatives to reduce the carbon impact of materials transport. Koncrete has referenced over 2,800 suppliers, delivered to more than 10,000 construction sites, and facilitated the transport of hundreds of thousands of tonnes of materials in its first year of operation.