GROPYUS funding news – Vienna-based GROPYUS Raises €100Million in Funding

Existing and new investors are participating in this financing round. GROPYUS was able to attract the Portuguese investment holding company Semapa (semapa.pt) and the US venture capital fund Practical Venture Capital (practicalvc.com). This comes on top of GROPYUS having received approval from the European Investment Bank (EIB) for a venture debt loan of 40 million euros in March of this year.

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The funds from this financing round will be used for the expansion of its fully digitally operated and flexible robotic smart factory in Richen (Baden-Württemberg), further development of technologies, and realizing the company’s pipeline of construction projects.

Markus Fuhrmann, CEO and co-founder of GROPYUS, says: “The climate crisis and the shortage of affordable housing are becoming increasingly acute problems. GROPYUS wants to be part of the solution to these challenges — but that won’t be possible without the industrialization and automation of the construction sector. A high level of capital investment is needed to lay the foundations for this ambitious project. That’s why we are proud to be able to build on the support of our existing investors for our mission, and to have now earned the trust of additional investors. With this financing round, we have reached a total volume of over 300 million euros. 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.”

Ricardo Pires, CEO of Semapa, underscores this confidence: “We believe that GROPYUS — with its innovative, sustainable, and digital concept — is taking building and living to the next level. The company is made up of experts from a wide range of industries, pooling their extensive knowledge and experience in construction, technology, real estate development, and building successful startups, and we are convinced they will be capable of bringing meaningful change across an entire industry in need of transformation. GROPYUS offers a remarkable opportunity for a strained housing market, and we want to support the company’s growth through our investment, joining a team that has the potential to make a decisive difference throughout the whole of Europe.”

About GROPYUS

Founded in 2019, GROPYUS is a technology-based and fully vertically integrated construction company specialized in building innovative multistory residential buildings. Its attractive, affordable, and sustainable building concepts are helping to resolve the housing shortage while realizing a positive environmental impact. GROPYUS delivers its timber-hybrid buildings as a turnkey solution from a single source.

The combination of software, technology, construction, robotics, and manufacturing expertise means buildings can be created in a digitalized, highly automated, and industrialized end-to-end process. The flexible, modular building system makes it easier to optimize land use, customize plans, and build fast with both off-site prefabrication and on-site assembly.