The lack of construction materials has had and will continue to have a huge impact on our society in both the private and public sectors. This can only be overcome by creating a more efficient market that provides transparency on price, quality and availability in a giant industry that is in dire need of digital solutions.
While traditional building materials like steel and concrete are the decarbonization elephant in the room, a Dutch startup aims to make wood the number one choice for building materials. Dutch B2B platform for wood materials Timberhub raised €5.8 million in seed funding to redefine the offline logging industry. The round was led by HV Capital and Creandum and is joined by an existing investor Speedinvest and the founders of the logistics startup Sender.
The startup is betting big on the demand for lumber, which is expected to double in the next 10 years, fueled by the environmental benefits of the material used in the construction industry.
Founded in March 2022 by Ion Sergis, Thomas AndrutzelisIoannis Andrutselis and Dimitrios Pagkratisthe Amsterdam-based startup aims to redefine the offline timber industry by actively connecting manufacturers and construction companies with sawmills, while managing the supply, payments and transportation of timber through its digital B2B marketplace.
According to the startup, transparency, faster availability and shorter lead times can accelerate the use of wood in construction and contribute to reducing the embedded carbon in buildings. Replacing wood with conventional building materials reduces emissions by 69%. The startup wants to change the historically painful process by offering a seamless experience to generate significant gains in efficiency, productivity and profitability for all stakeholders along the supply chain.
Timberhub currently serves customers in 15 countries in Europe, ranging from small manufacturers to large construction companies.
Ion Sergis, CEO and co-founder of Timberhub, said: “We are excited about the opportunity to contribute to a greener construction industry. Ensuring transparency, higher availability and faster delivery times in the timber supply chain will improve the affordability and predictability of construction projects.”
Felix Clure, partner at HV, added: “The shortage of construction materials has had and will continue to have a huge impact on our society in both the private and public sectors. This can only be resolved by creating a more efficient market that provides transparency on price, quality and availability to a giant industry that is in dire need of digital solutions.”
Peter Spechtpartner at Creandum, concluded: “Timberhub’s managed marketplace not only brings better processes, higher availability and predictability to this market, but also contributes to the imperative shift towards a more sustainable future for manufacturing and construction.”