The lack of construction materials has had and will continue to have a massive impact on our society in both the private and public sectors. This can only be tackled by creating a more efficient marketplace that brings transparency on price, quality and availability to a gigantic industry in deep need of digital solutions.
While traditional building materials such as steel and concrete are the decarbonisation elephant in the room, a Dutch startup aims to make timber the number one choice for building materials. Dutch B2B platform for timber materials Timberhub has raised €5.8 million in seed funding to redefine the offline timber industry. The round was co-led by HV Capital and Creandum and joined by existing investor Speedinvest and the founders of the logistics startup Sennder.
The startup is betting big on the demand for timber, which is expected to double in the next 10 years fuelled by the environmental benefits of the material used in the construction industry.
Founded in March 2022 by Ion Sergis, Thomas Androutselis, Ioannis Androutselis and Dimitrios Pagkratis, the Amsterdam-based startup aims to redefine the offline timber industry by actively connecting manufacturers and construction companies with sawmills while managing procurement, payments and transportation of timber materials through its digital B2B marketplace.
According to the startup, transparency, faster availability and shorter lead times can accelerate timber usage in construction and contribute to the reduction of embodied carbon in buildings. Substituting wood for conventional building materials reduces emissions by 69%. The startup wants to change the historically painful process by offering a seamless experience to generate substantial efficiency, productivity and profitability gains for all stakeholders along the supply chain.
Timberhub currently serves customers across 15 countries in Europe ranging from small manufacturers to large construction companies.
Ion Sergis, Timberhub CEO and co-founder said: “We are excited about the opportunity to contribute to a greener construction industry. Bringing transparency, higher availability and faster delivery times in the timber supply chain will improve the affordability and the predictability of construction projects.”
Felix Klühr, partner at HV added: “The lack of construction materials has had and will continue to have a massive impact on our society in both the private and public sectors. This can only be tackled by creating a more efficient marketplace that brings transparency on price, quality and availability to a gigantic industry in deep need of digital solutions.”
Peter Specht, partner at Creandum concluded: “Timberhub’s managed marketplace not only brings better processes, higher availability and predictability into this market but also contributes to the imperative shift towards a more sustainable future for manufacturing and construction.”
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