The Goodwin Technology team advised 2150 on its lead investment in the approximately €21 million Series A financing of LEKO LABS. The round was led by 2150, with participation from the Microsoft Climate Innovation Fund, Tencent, AMAVI, Rise PropTech Fund, Extantia and Freigeist. The new funding will be used to accelerate the roll-out of LEKO LABS’s advanced software and robotics construction solution to supply finished walls across Europe.
2150 is a venture capital firm investing in technology companies that seek to sustainably reimagine and reshape the urban environment. 2150’s investment thesis focuses on major unsolved problems across what it calls the ‘Urban Stack’, which comprises every element of the built environment, from the way our cities are designed, constructed and powered, to the way people live, work and are cared for.
LEKO LABS is a carbon negative construction company with a vision to accelerate the adoption of sustainable building materials in the built environment. It has developed a groundbreaking wood composite structure capable of replacing concrete bearing walls in any type of building up to 100m tall. Buildings are delivered today in its home BENELUX market, saving thousands of tons of CO2 and expansion is planned across Europe in 2022.
The deal team consisted of Lawrence Chu, Sophie McGrath, Alexandrine Armstrong-Cerfontaine, Amira Khezzane, Matthew Connell and Kenny Walker-Durrant.