Asumma Seeking €1.5M Investments (€500k already soft committed)

Copyright: Asumma Oy, 2023

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:

  1. Build a digital contractor platform that will grow sales in Finland before entering the DACH market in 2025;
  2. Reach 40 more customers and €1M net revenues by Q1 2025;
  3. Strengthen the team with 2 new hires in marketing & sales, 4 in product development, and 1 in construction management.

Asumma Pitch DeckAsumma Demo VideoAsumma Website

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:

  1. Uber-like, globally scalable supplier and trade partner network
  2. No owned factories = no factory CAPEX or OPEX risks
  3. 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, 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. 

Pick a Time for a Call with Martti Mela of Asumma