ICO's Axis to invest up to €12 million in Barcelona builder 011h

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Axis, the venture capital arm of state lender ICO, will invest up to €12 million in 011h, a Barcelona company founded in 2020 that builds homes through a digital, industrialised process. The money goes through Fond-ICO Crecimiento, with Axis as public anchor alongside specialised private funds.

011h's own platform uses BIM to coordinate design, site planning, supply chain and costs. The new money is for developing it, scaling operations and, eventually, opening it to third parties.

This comes shortly after 011h closed a round of about €20 million from CDTI, Ship2B Ventures, Breega, Seaya, RedAlpine, private investors and the founders, so the public money arrives at a site that is already fairly busy.