Vizcab to raise an additional €1.2 million in debt and equity.

Vizcab, a Lyon, France-based SAAS developer for the construction industry, announced closing its first funding round of €1.2 million ($1.4M).

The money was is a combination of debt (half of the money) and equity converted from convertible bonds provided by existing investors Banque des Territoires and A / O Proptech.

Vizcab, founded in 2020 by CEO Guillaume Lafont, developed a SAAS platform helping real estate and construction players with their carbon management transition

The company previously raised €1.6 million ($1.8M) from Banque des Territoires, A / O Proptech, and the Unibail-Rodamco-Westfield group.