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Announced

Completed

Redalpine led a $25m Series A funding round in 011h.

Financials

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Transaction Value£21m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Spain

Friendly

Construction Services

Single Bidder

Cross Border

Private Equity

Completed

Private

Venture Capital

Minority

construction activities

Synopsis

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Redalpine, an European venture capital investor, led a $25m Series A funding round in 011h, a new-generation construction company, with participation from Seaya Venture, Breega Capital, Aldea Ventures, Foundamental and A/O Proptech. The funding will be used to further develop 011h’s digital platform and building system, as well as grow its team and strengthen its network of partners. Initially, 011h will focus on projects in its home market of Spain. It will then pursue its goal of becoming a leading building platform in Europe, and ultimately an open platform with global reach.

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