SigmaRoc division leads seed round in French firm Koncrete

(Sharecast News) - SigmaRoc's innovation arm, Skreenhouse Ventures, has led a €1m seed funding round in Koncrete, a French construction technology start-up focused on digitalising procurement and logistics in the building materials sector, it announced on Tuesday. The AIM-traded firm said the investment would support Koncrete's expansion in France and its efforts to drive operational efficiency and sustainability in construction logistics.

Founded in 2023, Koncrete had quickly established itself as a digital platform enabling construction professionals to obtain real-time quotes, compare supplier pricing, and coordinate logistics through a unified interface.

In its first year, the start-up referenced more than 2,800 suppliers, delivered to over 10,000 construction sites, and facilitated the transport of hundreds of thousands of tonnes of materials.

The funding would be used to further Koncrete's growth, with a particular focus on improving data-driven logistics and reducing the environmental impact of material deliveries.

The company was advancing several green initiatives, including integrating recycled materials from demolition into supply chains, minimising empty return trips through freight optimisation, and reducing average transport distances, which currently stand at 26 kilometres - below the French national average of 32 kilometres.

"Koncrete is building essential infrastructure for the future of building materials logistics - efficient, data-driven, and lower carbon," said Fons Vermorken at SigmaRoc.

"We are pleased to support the team in scaling a solution that aligns with our commitment to industrial innovation and sustainability."

At 1441 BST, shares in SigmaRoc were up 0.18% at 109.2p.

Reporting by Josh White for Sharecast.com.