At a Glance
Asumma is a technology company that has developed a software platform that connects homebuyers and developers to low-carbon suppliers and trade partners, thus making residential construction scalable and carbon-negative.
Traction and Ask
With €8M in construction volume since launch in 2021, €220k net annual revenue in 2022 and 17 leads with €35M in total construction volume, Asumma is now looking to raise €1.5M in seed funding. The ideal investor would have expertise in supply-chains, marketplaces, construction or climate tech in Europe. The investment is needed to:
- Build a digital contractor platform that will grow sales in Finland before entering the DACH market in 2025;
- Reach 40 more customers and €1M net revenues by Q1 2025;
- Strengthen the team with 2 new hires in marketing & sales, 4 in product development, and 1 in construction management.
Market, Business Model, Financials and Team
Founded in 2021 in Finland, Asumma is determined to capture a significant share of the European residential construction market worth €1 trillion (+5% CAGR/Year).
Asumma is monetizing through service fees charged to real estate developers and homebuyers, and through suppliers’ commissions. Revenue growth is projected at 300% YoY (breakeven in Q2 2025), reaching €10M by Q4 2026.
Asumma team of 5 (3 full-time co-founders and 2 full-time employees) consists of industry-seasoned founders and specialists with decades of experience in residential real estate, construction, architecture and technology.
Competitive Advantage
Key USPs versus competitors like regular prefabricated house builders are:
- Uber-like, globally scalable supplier and trade partner network
- No owned factories = no factory CAPEX or OPEX risks
- End-to-end digital purchase, design, manufacturing and assembly process
Round Details
At a €9M pre-money valuation, Asumma aims to close this seed round by 1 October 2023. Some other investors have already committed to join with €500k. The minimum investment ticket size is €150k.
Asumma has previously raised €750k in equity from Kiilto Ventures, Pexels.com founders and other business angels, and €200k in grants to develop its design library, homebuyer and supply-chain platform.
Get in Touch
Martti Mela, co-founder and CEO, is speaking with potential investors over the next few weeks and is keen to pitch, demo and open up the company’s traction and financial plans in detail.