Auar Secures £5.1M Funding to Enhance Sustainable Construction
In a world where the demand for sustainable housing skyrockets, Auar is paving the way with an innovative automated construction platform. This London-based startup has just secured a significant £5.1M funding round, led by esteemed investors such as Planet A, alongside Shadow Ventures, Common Magic, Concrete VC, and angel investors. With the backing of existing supporters like Miles Ahead and ABB Robotics Ventures, Auar is set to revolutionize the construction landscape for startup founders and investors alike.
Founded in 2019 by visionaries Mollie Claypool (CEO) and Gilles Retsin (CTO), Auar combines cutting-edge technology with sustainability.
Their platform features a suite of robotic Micro-Factories, complemented by the AUAR MasterBuilder software, which streamlines the entire process from design to manufacturing. This advancement not only fosters new opportunities in housing construction but also enhances operational efficiencies, offering predictability while minimizing financial risks and environmental impact.
With the new funding, Auar plans to strategically expand its team and partner network, maturing its product offering further. The startup is gearing up to launch operations across key European markets, including Benelux, DACH, and the Nordics. For investors seeking opportunities in the burgeoning field of sustainable construction, Auar stands out as a compelling prospect, promising both innovation and return on investment.
Key Terms Explained
- £5.1M funding
- The amount of capital raised by the startup in their recent funding round. It provides funds for growth, expansion, and operational costs.
- AUAR MasterBuilder
- Auar's proprietary software used to streamline the process from design to manufacturing in their construction platform, enhancing efficiency and predictability.
- Return on investment
- A performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments. It's a ratio between net profit and cost of investment.
Frequently Asked Questions
- Who led the £5.1M funding round for Auar?-The £5.1M funding round for Auar was led by Planet A, accompanied by Shadow Ventures, Common Magic, Concrete VC, and certain angel investors.
- What is the purpose of Auar's recent funding?+
- Who are the founders of Auar?+
- What does the AUAR MasterBuilder software do?+
- Which European markets is Auar planning to expand into?+
They've invested in Auar
Get to know these Construction investors
| # | Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|---|
1 |  Shadow Ventures | 1 investment(s) investment(s) | more info | |||
2 |  Common Magic | 1 investment(s) investment(s) | more info | |||
3 |  Concrete VC | 4 investment(s) investment(s) | 9 contacts contacts | |||
4 |  Miles Ahead | 2 investment(s) investment(s) | more info | |||
5 |  ABB Robotics Ventures | 1 investment(s) investment(s) | more info |
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