[Funding alert] Stockholm-based Alrik Secures €1Million in Seed Funding

34% of carbon dioxide emissions in 2021 came from construction work, while transportation accounted for 25% of that total. Carbon emissions can be significantly decreased by the industry through distribution channel efficiency improvements.

Initial adopters of Alrik's software have achieved fleet emissions reductions of up to 10%, and after six months of operation, one customer reported a 33% decrease in fleet expenditures.

Several of Europe's biggest distributors, including the multinational construction materials company Saint-Gobain, the market leaders in northern Europe, STARK Group, Kesko, Bygma, and Mestergruppen, as well as the Swedish trading enterprises Karl Hedin and Woody, are among the SaaS provider's more than 100 clients.

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The money came from the international venture capital firm Pi Labs, which specialises in digital sustainability solutions. Since 2015, the company has invested in more than 80 projects spanning 15 nations, three funds, and 14 exits.

Former Gorillas COO Adrian Frenzel, iCloud veteran Olivier Bonnet, and Camilla Giesecke, Chief Expansion and Operating Officer of Klarna, are among Alrik's prior investors.

Axel Enblad, the pioneer of fintech, and Nici Sundén-Cullberg, an investment banker at Morgan Stanley, formed the business in 2022, and it was introduced the previous year. Customers include the world's largest manufacturer of building materials, Saint-Gobain; leading companies in the northern European market, STARK Group; Kesko; Bygma; Mestergruppen; and Swedish trading companies, Karl Hedin and Woody.

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Faisal Butt, Founder and Managing Partner at Pi Labs, said: “Innovation plays a role in tackling emissions at every touch point in the global construction lifecycle, and the logistics supply chain and transportation of construction materials has been hugely overlooked until now. As a fifth of construction's Co2 emissions come from moving materials to and from sites, we see the global potential for an efficient, unified system to tackle fleet-wide transportation emissions, under the leadership of two seasoned operators like Nici and Axel.”

Nici Sundén-Cullberg, Founder and CEO of Alrik, commented: “Construction sites across Europe continue to grapple with uncertain lead times for materials from a countless number of suppliers and distributors, which hinders their progress. The distributors also need to manage their own logistics network, with a bulk of this still being done over manual phone calls, hand-written records and whiteboards. The lack of coordination leads to poor supply chain visibility, expensive fleet operations and stalled projects on the client side. Alrik effectively eliminates manual coordination with, in many cases, 100 different suppliers and distributors, and unifies the entire supply chain network to deliver projects more efficiently.”

About Alrik

Alrik's, Sweden startup, goal is to provide distributors, builders, and logistics firms with software that users like using in order to digitise and decarbonise the building logistics industry. Alrik is a construction distributor's workspace for logistics.

They supply building materials online, manage their fleet with Alrik, and centralise all cost and emissions data. When they can finally take charge of their logistics operations, make data-driven decisions, and improve their efficiency, sustainability, and profitability, Alrik users and clients become industry leaders.