Vestack announces raising over €10 million with impact funds and historical investors. The proptech is now looking to accelerate its growth, increase its production capacity, and finance research and development projects. These developments will allow Vestack to become a tech leader in the design and construction of low-carbon buildings.
“A tech revolution is necessary to reconcile sustainable construction with affordable housing” said Sylvain Bogeat, Nicolas Guinebretière, and Jean-Christophe Pierron, Vestack’s co-founders.
This latest round of more than €10 million was led by the first Impact Private Equity fund of Mirova, an affiliate of Natixis Investment Managers dedicated to impact investing, supported by Ring Capital’s VC Impact fund Ring Mission, and Karista.
It will allow the company to accelerate:
● The development of new features in its digital design software,
● R&D on the construction system and commercialization of new products,
● Increase in production capacity, by financing new assembly sites and establishing new sub-contracting partnerships.
