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LONDON - SigmaRoc PLC (AIM:SRC), a company specializing in construction materials, through its innovation and investment arm Skreenhouse Ventures, has led a seed funding round of €1 million for Koncrete, a French technology startup focusing on digital and low-carbon logistics in the construction industry. The investment aims to enhance the digital procurement and logistics within the building materials sector.
Koncrete, founded in 2023, provides a digital platform that allows construction professionals to obtain real-time quotes, compare supplier pricing, and manage logistics efficiently. In its inaugural year, Koncrete has listed over 2,800 suppliers, serviced more than 10,000 construction sites, and managed the transportation of hundreds of thousands of tonnes of materials.
The funding is set to bolster Koncrete’s growth in the French market, emphasizing operational efficiency and data-driven logistics. Additionally, Koncrete is working on environmental initiatives to reduce the carbon footprint associated with the logistics of building materials. These initiatives include incorporating recycled materials from demolition into the supply chain, optimizing freight to minimize empty return trips, and reducing the average transport distance for materials, which is currently below the national average.
Fons Vermorken, Group ExCo Member - Innovate of SigmaRoc, stated, "Koncrete is building essential infrastructure for the future of building materials logistics—efficient, data-driven, and lower carbon. We are pleased to support the team in scaling a solution that aligns with our commitment to industrial innovation and sustainability."
This strategic investment reflects SigmaRoc’s dedication to fostering innovation and sustainability within the construction materials industry. The company’s support for Koncrete underscores the growing importance of integrating digital solutions and environmental consciousness in the sector’s logistics and supply chain operations. The information is based on a press release statement from SigmaRoc PLC.
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