Investible Climate Tech Fund has co-led a A$3 million Pre-Series A investment in SPEC Toolbox to enhance sustainable building design through innovative material specification solutions.
Target Company Overview
Investible Climate Tech Fund is proud to announce its co-leadership role in SPEC Toolbox's A$3 million Pre-Series A funding round, collaborated with Black Nova and supported by Understorey, Impact Ventures, Archangels, and Giant Leap. SPEC Toolbox is dedicated to revolutionizing the building design industry by offering streamlined solutions for material specification aimed at enhancing decarbonization efforts.
SPEC Toolbox has recognized a critical gap in the construction sector: the demand for sustainable materials, particularly mass timber, is outpacing the effectiveness of traditional design tools. By leveraging technology to facilitate the adoption of low-carbon materials, SPEC Toolbox positions itself at the forefront of this necessary transition.
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Industry Overview
The construction industry is undergoing a transformative shift towards sustainability, primarily driven by stringent environmental targets, government incentives such as Green Star, and the rising cost-competitiveness of sustainable ma
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Disclosed details
Transaction Size: $2M