Luxembourg Startup LEKO Labs Raises €18.5m to Decarbonise Construction

LEKO Labs, a Luxembourg-based carbon-negative construction startup, raised €18.5 million in its latest investment round.

According Silicon Luxembourg, LEKO Labs will use the funds of this oversubscribed investment round to accelerate the decarbonisation of the built environment and scale its solution across Europe.

Using wood in combination with robotic manufacturing and artificial intelligence (AI) optimisation, LEKO Labs is working on replacing up to 75% of the carbon-intensive concrete and steel used in traditional construction.

The startup's fully circular manufacturing process, coupled with their superior insulation properties and advanced software, has caught the eye of climate-conscious investors.

"The LEKO Labs team is on an important mission to help decarbonise the built environment with a fundamentally different and scalable approach. We are delighted to partner with LEKO Labs bringing our climate tech and strong European property investor basis to play and help the adoption of a groundbreaking new approach", Christian Hernandez, co-founder of the 2150 sustainability-focused investment fund which led this investment round, told Silicon Luxembourg.

With over 30 employees in Luxembourg, a subsidiary in Switzerland and an office about to open in London, LEKO Labs has also appointed a new CEO: Remo Gerber.

"I’m delighted to welcome Remo as our new CEO and our new investors to help deliver our vision towards a more sustainable construction sector. Together we have a strong shot on the goal of reducing global greenhouse gas emissions in 2040 by 1% using the LEKO Labs advanced construction technology. His experience in scaling companies and capitalising them will be instrumental for the success of the company", commetned François Cordier, CTO and Founder.

While LEKO Labs is currently still focussing on the Benelux region, they plan to use this new funding to scale their software platform and robotics construction throughout Europe – starting with Germany, the Nordic countries and the United Kingdom.