Conxai Technologies’ $3 Million Pre Seed Funding Round

SKYE PARTNERS and Pusch Wahlig advised Conxai Technologies GmbH on the deal. GLNS advised Early Bird, Pi Labs and the other investors.

Conxai Technologies GmbH and its founders raised €2,7 Million ($3 Million) in a pre-seed round. The funding round is co-led by Earlybird and Pi Labs, Europe’s most active proptech VC. Other investors in the round include A/O Proptech and Argonautic Ventures.

Conxai was founded in 2020. The Munich-based startup has developed an AI-platform that uses transactional, sensor and historical project data, and different forms of knowledge to generate descriptive and prescriptive insights, with which it specializes in the digitization of construction projects in order to analyze the building structures, individual processes and activities in the construction industry. The processes of construction projects are optimized, problems are detected at an early stage and cost efficiency is increased as a result.

Earlybird is one of the leading German venture capital investors, supporting companies in the technology sector in all phases of development.

Pi Labs is a British Venture Capital investor founded in 2015. Pi Labs supports in particular PropTech start-ups within Europe in Pre-Seed to Series A financings.

The SKYE PARTNERS team included Christoph Breithaupt (picture – lead), Julia Rosigkeit, Sandra Brieske, Lisa Schulte, Lukas Schobert (all Venture Capital/Private Equity), assisted by Dr. Marius Fritzsche, (Pusch Wahlig Workplace Law, Frankfurt, Germany – Labour Law).

The GLNS team included Dr. Daniel Gubitz, Eva Maier (all Corporate / VC).

Involved fees earner: Daniel Gubitz – GLNS; Eva Maier – GLNS; Marius Fritzsche – Pusch Wahlig Workplace Law; Christoph Breithaupt – Skye Partners; Sandra Brieske – Skye Partners; Julia Rosigkeit – Skye Partners; Lisa Schulte – Skye Partners;

Law Firms: GLNS; Pusch Wahlig Workplace Law; Skye Partners;

Clients: AO PropTech; Argonautic Ventures; Conxai Technologies GmbH ; Earlybird Venture Capital GmbH & Co. KG ; Pi Labs;

Federica Tiefenthaler

Author: Federica Tiefenthaler