Flexcavo raises €7 million in a round led by Vereinigte Volks- und Raiffeisenbank eG.

Flexcavo, a Rosenheim (Munich) and Berlin, Germany-based company operating a marketplace for machinery used in construction, announced a new funding round closed at €7 million ($8M).

The money was raised from investors from Germany including Vereinigte Volks- und Raiffeisenbank eG, joined by the manufacturing company Wacker Neuson and the akf bank, which contributed with a loan for new machinery and equipment.

Flexcavo, founded in 2020 by Leonhard Fricke and Benedict Aicher, developed a B2B platform used for renting construction machinery. The tool - the SaaS operating system FlexcavoOS - serves as a uniform platform for the central administration and control of machine fleets, as well as digital construction site and cost documentation. With the help of the software solution, Flexcavo achieves an increase in productivity for construction companies by reducing both economic and ecological costs along the entire construction machine life cycle.

Flexcavo previously raised money in 2021 and in 2020.