Alrik, a Swedish operations software provider, has successfully raised €1M in Seed funding to fuel its expansion across Europe. The company’s innovative software empowers supervisors in the construction sector to efficiently monitor fleet activity through a centralized system. With the construction industry accounting for 34% of carbon dioxide emissions in 2021, and transport contributing to one-fifth of that figure, Alrik’s solution holds significant promise in reducing carbon emissions within the industry’s distribution channels.Early adopters of Alrik’s software have reported impressive results, with fleet emissions reduced by up to 10%, and fleet costs slashed by a third within six months of implementation.The company boasts a robust clientele, with over 100 customers including global giants like Saint-Gobain, STARK Group, Kesko, Bygma, and Mestergruppen, as well as prominent Swedish trade companies such as Karl Hedin and Woody.The funding round was led by global VC firm Pi Labs, renowned for their focus on digital solutions for sustainability. Alrik’s previous investors include industry veterans such as Olivier Bonnet, Adrian Frenzel, and Camilla Giesecke.Founded in 2022 by fintech entrepreneur Axel Enblad and investment banker Nici Sundén-Cullberg, Alrik aims to streamline construction logistics by eliminating manual coordination among suppliers and distributors, thus enhancing supply chain visibility and project efficiency.
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By Proptechbuzz
By Ravi Kumar
