Austrian proptech Gropyus raises €100M in a Series B round

Vienna-based smart building construction startup Gropyus has raised €100 million during its Series B funding round. German real estate company Vonovia backed the startup, which now received over €200 million in total funding.

• Gropyus was founded in 2019 by Alexander Fuhrmann, Bernd Oswald, Harald Mahrer, Markus Fuhrmann, and Philipp Erler. It creates sustainable, affordable, and smart living for everyone. The startup is digitalizing and transforming the residential market, establishing living as a service-driven product.
• Currently, the company employs around 300 employees at its six locations in Germany, Austria, and Liechtenstein.

“The general housing shortage and climate change are two key challenges of our time. Our society must push ahead with environmentally friendly and sustainable solutions. At Vonovia, we acknowledge our obligation to make a difference. Gropyus is digitalising and transforming the housing and construction industry. We want to leverage this in our projects going forward and take resource-efficient living to the next level,”

Daniel Riedl, member of the Vonovia SE board, comments on the deal.

• Vonovia is a housing company that offers a home to around 1,5 million people in Germany since 1998. The company puts a strong focus on environmental needs and regulations. It has a workforce of approximately 15,900 employees and its CEO is Rolf Buch.
• The fresh funds will be directed to further product development and the expansion of Gropyus’s production and manufacturing capacities in Richen.