Berlin, 7 August 2023 – YPOG advised WAREMA Group comprehensively on the € 22 million financing round of ecoworks. Other investors include well-known venture capital funds such as PT1-PropTech1 Ventures, Zacua Ventures and Blackhorn Ventures, as well as renowned industry experts such as ALP.X Group, the owners of Huf Group and Sabancı Building Solutions.
ecoworks, based in Berlin, is an innovation leader for the serial climate-neutral renovation of existing buildings. Due to stricter European and German climate regulations, it is foreseeable that the market
growth for climate-neutral renovation will continue to increase.
ecoworks uses digital 3D planning and prefabrication processes to shift up to 80 % of activities from
the construction site to factories. The company develops and constructs facade and roof elements that are fitted around the existing building like a second skin. Within a few weeks of construction, highly inefficient buildings are to be converted into plus-energy houses. Serial refurbishment is to become a pillar for the cost-efficient and accelerated energy turnaround in the building sector.
With the freshly raised capital, the proptech plans to further develop its technology and increase
profitability.
Team
Dr. Benjamin Ullrich (Co-Lead, Transactions), Partner, Berlin
Dr. Adrian Haase (Co-Lead, Transactions), Associated Partner, Hamburg
Alexandra Steifensand (Transactions), Associate, Berlin
About WAREMA Group
The family-owned WAREMA Group, headquartered in Marktheidenfeld with over 5,300 employees
worldwide, occupies leading market positions in the fields of sun shading and control systems as well as plastics technology and mechanical engineering with individual solutions and future-oriented innovations.As part of the WAREMA Group, Novaco Invest GmbH invests in successful companies. The aim of its activities is to sustainably strengthen and further expand the WAREMA Group's leading position with sophisticated solutions and future-oriented innovations
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Contact:
Benno Engelmann
T +49 172 2749 689 | E presse@ypog.law
Engelmann Advisory
engelmann-advisory.com
About us
YPOG stands for You + Partners of Gamechangers. As a leading law and tax firm, YPOG supports founders, investors, companies and funds in Germany and internationally in bringing visionary ideas to life in the tech ecosystem and dynamic future markets.
YPOG advises on the structuring of venture capital and private equity funds, financing rounds and complex transactions, as well as on regulatory and tax matters relating to digital assets and financial innovation. As a strategic partner, YPOG develops practical solutions of the highest legal standard.
The firm combines legal and tax expertise with legal tech, digital workflows and AI-based systems to provide efficient and scalable advice.
YPOG and its professionals are regularly recognised by JUVE, Chambers and Partners, The Legal 500, Best Lawyers and Leaders League. More than 380 lawyers, tax advisers, tax specialists, one notary and business professionals work for YPOG across its offices in Berlin, Cologne, Hamburg and Munich.
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