011h raised €25M in Series A funding round led by Redalpine.

o11h, a Barcelona, Spain-based real estate developer, announced closing series A round at €25 million ($25.5M).

The money was raised from investors led by Redalpine and joined by Seaya Andromeda, Breega, Aldea Ventures, Foundamental, A/O Proptech and angel investor Giuseppe Zocco.

011h, founded in 2020 by Lucas Carné, Jose Manuel Villanueva and Jose Ojeda, is a real estate developer building high-tech, wooden smart buildings that are carbon neutral to produce, and energy saving to run. The comany also runs a digital platform that enables architects, general contractors, real estate developers and investors to design, build and manage net-zero buildings in a faster, more reliable and cost efficient way. Initially, it will focus on projects in its home market of Spain as it has in the works a prohject with Renta Corporación. It will then pursue its goal of expanding in Europe, and opening the platform with global reach.

011h has previously raised almost $10 million back in 2020.