The Paris Technology and Life Sciences team advised Vestack, a tech company specializing in the design and construction of low-carbon buildings, on its over €10 million financing from impact funds and existing investors.
Vestack designs and builds low-carbon buildings in the form of modules assembled off-site from bio-based materials. The company allows its clients real estate developers to construct buildings with a carbon footprint divided by three, twice faster, and without any additional cost compared to the traditional construction.
This latest round of more than €10 million was led by the first Impact Private Equity fund of Mirova, supported by Ring Capital’s VC Impact fund Ring Mission, and Karista via Paris Region Venture Fund. It will allow the company to accelerate the development of new features in its digital design software, the increase in production capacity as well as the R&D on the construction system.