Every year, $320 billion worth of partition walls are thrown out worldwide. Taking the lead in circular building and construction, Belgian startup JUUNOO has raised €6.6 million in Series A funding, which is a mix of capital increase, loans and grants.
Launched in 2017, JUUNOO aims to disrupt construction and give architects and builders both an economic and ecological advantage. By developing partitions that are 100% circular, JUUNOO ensures they can easily be moved or, after use, sold back to the company up front for cash, which is then resold at a profit. Construction companies are also set to benefit as productivity increases with faster installation.
The Series A round saw the participation of Saint-Gobain Gyproc, Finindus and existing investors. The round was also supported by Vlaio, Trividend and BNP Paribas Fortis.
Post the funding, the Kortrijk-based company plans to be active in six countries by 2024. The startup will continue expanding its operations in the Netherlands, Denmark and the U.S. The company recently opened its New York office this month
Talking about expanding beyond its home turf, JUUNOO founder Chris Van de Voorde said: “Belgium remains our home, but we are deliberately looking to broaden our horizons to other countries and markets in order to have an even greater impact on the environment.”
In addition to accessing new markets, the recent funding will also help in the development of a new digital assistant for the office and commercial building sectors: JUUNOO Voltage. It offers contractors, architects, property developers, and facility managers a way to visualise the placement of movable walls.
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