Draper Esprit is delighted to lead the $50 million Series A round investment in construction tech startup, Schüttflix. Also joining the round is the founding team surrounding co-funding investor Thomas Hagedorn and CEO Christian Hülsewig, as well as HV Capital, Speedinvest and STRABAG.
Schüttflix is the first logistics hub for the construction bulk-materials industry that works digitally and supplies sand, gravel and grit on the spot. The Schüttflix app connects suppliers and carriers directly with customers from the road construction, civil engineering, gardening and landscaping sectors. For the first time, Schüttflix is transforming the regionally fragmented and non-transparent market for all customary construction bulk materials into an efficient, Germany-wide market.
The company plans to use the new capital to drive its planned expansion into the Austrian, Polish and Czech markets in 2022. Schüttflix also plans to use the funding to continue developing digital products and services for all aspects of construction-site supply and waste disposal in the coming months, and is relying on strong strategic partnerships, such as with STRABAG to achieve this.
Christian Hülsewig, CEO and co-founder of Schüttflix said:
“Following our successful expansion in the German market this year, now is the strategically right moment for us to grow in Europe. Government investment programmes, such as the Green Deal and the post-coronavirus recovery fund, will ensure that orders in the construction industry remain strong over the long term.
“European construction sites need a reliable and efficient supply. With Schüttflix, we have the solution. And with Draper Esprit, we have an experienced investor on board who will help us to establish this solution in as many European countries as possible.”
Christoph Hornung, Investment Director, Draper Esprit said:
“Over 2.5 million tonnes of construction bulk-materials delivered since its founding shows that Schüttflix works. The startup has broken into a traditionally analogue market and is creating genuine added value for its customers with a truly digital solution.
“The business has grown by over 400% since January 2021; taking the platform international is therefore the next logical step, and we are pleased to be at Schüttflix’s side.”