Leasi funding news – Contech Startup Leasi Secures €1.1 Million in Pre-Seed Funding

Skanska made this investment after discovering that none of the products on the market could satisfy their requirements for a system to optimise the utilisation and composition of their fleet of machines.

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In the meantime, Leasi's founders had already held discussions with more than a hundred industry participants, finding gaps and furthering the creation of their urgently required solution. Currently creating waves in the construction business with its inventive machine management system, was founded in Trondheim in 2022 by three master's students.

Scott A. Bekke, CEO of Leasi said, “We aim to establish Leasi as the industry standard on a global scale, and having a leading global player like Skanska recognize the value we provide is an incredible validation. We are also receiving interest from other global actors and look forward to the road ahead with such strong players by our side, Bringing onboard both leading industry player Skanska and Norway’s top early-stage investor StartupLab as shareholders is a crucial step for us now. It enhances our credibility and market reach, even beyond Norway. The collaboration accelerates the transition from development to testing and implementation, giving us more room for innovation and allowing us to deliver faster and more effectively,”.

Skanska and other contractors may collect and compile data from all of the machines and equipment used in their operations thanks to it's software solution. This includes usage rates, emissions, capital allocation, operations, service, and maintenance data, among other financial data. Leasi will effectively be managing over 8,000 machines and equipment pieces for Skanska Norway.

Anders Geirsta, Executive Vice President of Civil Construction at Skanska Norway said, “Leasi has demonstrated an understanding of our needs and the capability to develop a solution based on our specifications. Their robust and flexible technology is adaptable as our requirements evolve. With shared access to all critical information about our machine fleet, we can operate more efficiently across projects and business units. Leasi’s system will enhance our competitiveness and execution capabilities, providing a solid foundation for future investments in our machinery,”.

Gisle Østereng, Head of Investments at StartupLab Ventures, added: “We at Startuplab are delighted to become an investor in it. Over time, our team has observed Leasi’s development and, together with our partners in construction, we have become convinced that we should also participate as an investor in the company’s growth. We look forward to the coming years and hope the entire industry will recognise the commercial and environmental benefits that Leasi offers. In the construction sector, Startuplab contributes to digitalisation and efficiency, which in turn reduces emissions. Leasi fits very well into this framework.”

About Leasi

Leasi makes it possible to have a thorough overview of the entire fleet of machines, which presents the chance to optimise the fleet's usage and composition. With a thorough understanding of usage patterns and economic considerations, machines can be allocated across projects and clients.