2 years ago

Qflow Raises €8.3 Million to Decarbonize Construction with Circular Approach

  • Qflow, a London-based construction tech scaleup, has secured €8.3 million in Series A funding led by Climate Tech VC Systemiq Capital

  • The funding will be used to scale Qflow's operations in the UK and expand its presence in the US and Australia

  • Qflow's platform enables construction teams to collect real-time materials and waste data, driving transparency and efficiency for cost, carbon, and quality control

  • The company aims to decarbonize construction by transitioning from a linear to a circular approach, reducing waste, increasing efficiency, providing transparency over carbon savings, enabling the circular economy, and enhancing performance

  • The funding round also includes participation from investors across the construction industry and technology, including Ascension Ventures, Bridge Investment Group, Gravel Rd, Greensoil Proptech Ventures, Grosvenor, Jon Emery, MMC, and Suffolk Tech.

      • ProblemTechnology

      "The construction industry is the world's most carbon-intensive industry due to its linear approach to materials, extracting, refining, transporting, building, demolishing, and disposing of them, leading to significant environmental harm."

      Solution

      "Qflow offers a digital platform that enables construction teams to track materials and waste in real-time, facilitating a circular approach to material usage, reducing waste, and lowering the industry's carbon footprint."

      Covered on