Spearheading Climate-Neutral Renovation with Modular Solutions

Philipps & Byrne Provides Tech Due Diligence for ClimateTech Innovator

Philipps & Byrne conducted a comprehensive product and technology due diligence for ecoworks, a Berlin-based startup leading the charge in serial climate-neutral renovation. The tech due diligence suported their €40 million funding round, with Haniel among the key investors. This investment not only underscores ecoworks’ innovative approach to the decarbonization of the European building sector but also highlights the growing importance of sustainable technologies in combating climate change.

• Location: Berlin, Germany
• Business Context: Modular Construction and Energy Efficiency
• Tech Landscape: ClimateTech
• Funding Round: €40 Million

Technology Due Diligence on ecoworks’ Modular Renovation Solutions

Ecoworks operates at the intersection of construction technology and environmental sustainability. The company’s modular renovation methods enable rapid transformation of aging buildings into energy-efficient, climate-neutral living spaces. This is crucial in addressing the pressing need for decarbonization in the European building sector, where approximately 50% of residential units rate poorly in energy efficiency.

The tech due diligence conducted by Philipps & Byrne centered on evaluating ecoworks’ use of technology, its scalability, and the environmental impact of its solutions. Our team rigorously analyzed ecoworks’ approach to designing and installing façade and roof elements, ensuring that these not only contribute to significant energy savings but also align with European regulatory standards for green building practices. Our due diligence process included a detailed examination of ecoworks' tech leadership and team, assessing their ability to innovate and scale solutions across the market. We also assessed the company's product management, tech stack, architecture, hosting and infrastructure. Additionally, our assessment covered quality assurance, security, compliance, and privacy processes. The report provided a comprehensive understanding of ecoworks' technological and operational readiness for future growth.

About ecoworks

ecoworks is the first German provider of Net Zero refurbishments for apartment buildings. Net Zero refurbishments rely on industrial prefabrication, modular construction and highly efficient energy systems to refurbish apartment buildings with up to four storeys within a few weeks: As a result, a building modernized by us generates at least as much electricity over the year as its tenants consume for space heating, hot water and household electricity.

Visit: https://ecoworks.tech/

About Haniel

Haniel is a family-owned Venture Capital firm. It manages a portfolio of independent companies with the goal to create value for generations as a leading purpose-driven investor. To this end, they align their portfolio to be what they call "enkelfähig” (suited for grandchildren), which means adhering to clear performance and sustainability criteria.

Visit: https://www.haniel.de/