# Ecoworks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ecoworks

- Industry: Construction
- Headquarters: Berlin, Germany
- Website: www.ecoworks.tech
- Total disclosed funding: $76M
- Latest round: Series A (Dec 5, 2023)
- Investors on record: 20

## About

Based in Berlin, Germany, Ecoworks GmbH specializes in advanced renovation services aimed at enhancing energy efficiency in residential buildings. Their innovative solutions focus on integrating modern technologies to streamline renovation processes.Founded in 2019, Ecoworks GmbH focuses on providing comprehensive renovation services for residential buildings. The company operates out of Berlin, Germany. Emanuel Heisenberg, Gregor Loukidis, and Kristofer Fichtner are the founders, with Emanuel Heisenberg serving as CEO. In December 2023, the company raised EUR 40 million in Series A funding, led by Haniel, marking a significant milestone in their growth journey. Ecoworks has completed a total of 4 deals since inception, with the most recent deal occurring on December 5, 2023, and the total amount raised to date is EUR 40 million, bringing the company's valuation to EUR 368.75 million.Ecoworks specializes in 360° serial renovation services that focus on the energy-efficient modernization of residential buildings. Their core offerings include prefabricated facade elements that integrate insulation, windows, thermal protection, and ventilation systems. These elements streamline the renovation process by reducing construction times and minimizing disruptions. Additionally, the company provides energy supply solutions that help buildings achieve NetZero standards through on-site photovoltaic systems. Their services also include options for residential expansion, such as balcony installations or rooftop additions, enabling buildings to add up to four additional stories. The primary clientele consists of housing companies and real estate developers across Europe, particularly in Germany, focusing on sustainable building practices amid urban housing shortages.Ecoworks generates revenue through partnerships with housing companies and real estate developers, primarily through B2B transactions. Their revenue model is based on contracted renovation projects, where clients engage Ecoworks for comprehensive building modernization services. Contracts are structured around fixed pricing for specific service packages, including facade renovations, energy system upgrades, and various construction services. This standardized approach to project execution ensures predictable delivery and efficiency, aligning with clients' financial goals. The transaction structure allows for scalability, as clients can select modular service offerings based on their specific needs and budgets.Ecoworks GmbH plans to utilize the EUR 40 million raised in Series A funding to optimize its technology and support growth initiatives. The company is focused on designing new products to enhance its renovation services, with plans to expand its operations into additional European markets. This strategic expansion aims to address increasing demands for sustainable building solutions. The recent funding will be instrumental in advancing these initiatives, allowing Ecoworks to continue developing its offerings and reach new clients in targeted geographic regions.

## Funding rounds

- Series A, Dec 5, 2023, $43M — ISAI, Haniel, World Fund, Kompas
- Series A, Jul 24, 2023, $24M — Owens Corning, Motu Ventures, Blackhorn Ventures, JLL Spark, PT1, Thilo von Selchow GmbH, Kopa Ventures, T3 Capital, Zacua Ventures, Novaco Invest, Sabanci Ventures, SURPLUS Equity Partners, Vertevis Capital Partners, Mercutio GmbH, Huf Beteiligungen GmbH
- Seed, Aug 2, 2021, $3.1M — Motu Ventures, PT1
- Seed, Apr 8, 2020, $5.5M — Motu Ventures, ALP.X Group, PT1, Kopa Ventures

## Investors

- Motu Ventures (https://capitalatlas.ai/funds/motu-ventures) — Seed, Series A
- ALP.X Group — Seed
- PT1 — Seed, Series A
- Kopa Ventures (https://capitalatlas.ai/funds/kopa-ventures) — Seed, Series A
- Owens Corning — Series A
- Blackhorn Ventures (https://capitalatlas.ai/funds/blackhorn-ventures) — Series A
- JLL Spark (https://capitalatlas.ai/funds/jll-spark) — Series A
- Thilo von Selchow GmbH — Series A
- T3 Capital — Series A
- Zacua Ventures (https://capitalatlas.ai/funds/zacua-ventures) — Series A
- Novaco Invest (https://capitalatlas.ai/funds/novaco-invest) — Series A
- Sabanci Ventures (https://capitalatlas.ai/funds/sabanci-ventures) — Series A
- SURPLUS Equity Partners — Series A
- Vertevis Capital Partners (https://capitalatlas.ai/funds/vertevis-capital-partners) — Series A
- Mercutio GmbH — Series A
- Huf Beteiligungen GmbH — Series A
- ISAI (https://capitalatlas.ai/funds/isai) — Series A
- Haniel — Series A
- World Fund (https://capitalatlas.ai/funds/world-fund) — Series A
- Kompas (https://capitalatlas.ai/funds/kompas) — Series A