Vienna-based GROPYUS, a tech-driven construction startup that builds sustainable, affordable homes, has secured €100 million in funding from Semapa and Practical Venture Capital. This latest round brings the company's total equity investment to over €300 million since its launching in 2019.
- Founded by Markus Fuhrmann, Philipp Erler, and Bernd Oswald, GROPYUS develops sustainable, multistory residential buildings through a fully digital and automated construction process. As the company claims, its goal is to provide affordable, eco-friendly housing to combat the housing shortage.
- With offices in Vienna, Berlin, Steinhaus, and plant in Richen, GROPYUS has a team of 400 professionals. The startup is currently undertaking two projects in Germany: a 27-apartment building in Berlin for BUWOG Bauträger GmbH and its first residential quarter in Immendingen, which includes nine buildings with a total of 99 apartments, showcasing the versatility of the GROPYUS building system.
Details of the deal
- The capital came from Semapa, an investment management firm based in Lisbon, and Practical Venture Capital, an American VC.
- The startup plans to use the proceeds to transform its plant in Richen into fully digitally operated and flexible robotic smart factory. According to the company, it will use robots to make wall and ceiling parts in about 16 minutes, with 86% automation. By the end of 2024, it will produce 250,000 m² per year, enough for over 3,500 apartments.
"We are not only driving our continued expansion, but also placing our mission on even more solid foundations now. This capital will allow us to quickly ramp up volume at our smart factory to full capacity and have several projects rolling off the production line at the same time," CEO and co-founder of GROPYUS, Markus Fuhrmann, commented.
