Converge, a leader in construction technology and one of Scalar North Capital’s portfolio companies, has secured £15 million in Series A funding. This investment marks a significant advancement in Converge’s efforts to revolutionise the construction industry by digitising, optimising, and decarbonising its materials and processes. The funding highlights the growing emphasis on sustainable practices within the sector.
A Vision for Sustainable Construction
The Series A funding round was led by OGCI Climate Investments, a strategic investor committed to supporting initiatives that advance the global transition to net-zero carbon emissions. Converge, founded in 2016, has been at the forefront of developing and scaling innovative solutions that drive the digital transformation of the construction sector.
Transformative Solutions for a Carbon-Neutral Future
Converge’s solutions enable stakeholders across the construction industry to address the dual challenges of cost and carbon reduction. By leveraging data and technology, Converge provides tools to improve efficiency, reduce environmental impact, and meet the growing demand for sustainable practices in construction.
Raphael Scheps, CEO and co-founder of Converge, commented on the funding:
"We are excited to partner with OGCI Climate Investments, which has led this round as a value-aligned, strategic investor. Since 2016, Converge has been developing and scaling innovative solutions to power the digital transformation of the construction industry. Together, we will drive transformative progress in the decarbonisation of the sector, effectively bending the cost and carbon curve simultaneously, and offering products that will be 'must haves' as stakeholders demand sustainable solutions to build the future."
Continued Support from Scalar North Capital
Scalar North Capital is proud to have supported Converge since its seed round, recognising the company’s potential to revolutionise the construction industry. This latest funding milestone reinforces our confidence in Converge’s vision and its ability to deliver meaningful change across the sector.
We are excited about what the future holds for Converge as it continues to innovate and lead in sustainable construction. For more details, please read the official press release here.
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