OMRT secures Series A to combat housing crisis
Updated: Oct 24, 2022
Amsterdam, 8th September 2022. OMRT, creating technologies to revolutionise the design process of buildings, today announces the closing of its €5M Series A investment. The Amsterdam based company shortens the design process from approximately 16 months to just 2 months whilst increasing financial yields and reducing the sustainable footprint of a building. The capital injection will be used to bolster its technologies and scale the organisation to serve a growing number of customers. The funding round was led by SHIFT Invest, with participation of current shareholder VORM.
Vision to tackle housing crisis
OMRT, founded by Andreja Andrejevic and Jasper Spiegeler in 2018 who are both placed in the Forbes 30 under 30, began with the vision of restoring balance to our habitats by providing technology that can predict how we need to design and shape our world. This vision is driven by the urgent need for society to tackle the housing crisis in a sustainable manner. Today, OMRT’s ambitious team of 30 already realised significant impact on the market, with over 30,000 homes designed to date. Yet there is still a major challenge ahead for the industry to tackle the housing demand in a sustainable manner.
Technology that revolutionises design process
SHIFT Invest is a Dutch impact venture capital fund that invests in innovations to bring back the balance between nature and society by fighting climate change, loss of biodiversity and depletion of resources of the planet. The construction sector is now responsible for 40% of global CO2 emissions and has a substantial effect on our environment and biodiversity. OMRT works together with leading project developers such as VORM to revolutionise the design process and improve the sector. OMRT enables its customers to make critical design decisions of building projects early on and taking sustainability aspects into account from the start.
Investment to double down on high impact technology
Speaking on the announcement, OMRT founder & tech executive Andreja Andrejevic said: “This investment proves a certain maturity of our technology and gives us the confidence to continue pursuing our vision. We have to keep pushing our boundaries as a company in order to make the most impact as we are facing the immense challenge of implementing our platform at the core of every building design.”With this Series A funding, OMRT will expand its team, further develop its platform, and double down on its highest-impact technologies. The capital will enable continued progress toward a sustainable solution to the housing crisis by helping OMRT bring their technology to a wider market. The end result of this is a significantly more efficient design process, which allows significant reductions in material usage, and CO₂ emissions.
OMRT is very proud to welcome SHIFT Invest onboard and wants to thank VORM, RocketX and Ballentine.
About SHIFT Invest
SHIFT Invest, founded in 2009, is a Dutch impact venture capital fund that invests in innovations related to food & agriculture, green industries, circular economy, energy transition and sustainable mobility & logistics. The investments are aimed at achieving a positive environmental impact and financial return. Together with its partners, SHIFT offers entrepreneurs an extensive network and insight into various sectors. The fund is managed by New Balance Impact Investors (NBI Investors), a team of 15 experienced investment professionals and entrepreneurs.
VORM has been around for over 100 years and focuses on the entire breadth of the construction sector: urban development, property development & construction, transformation, sustainability, renovation and property maintenance. VORM is a socially involved company with the mission to realise liveable neighbourhoods and affordable homes for everyone. The family business invests in social & sector wide initiatives that stimulate innovation, sustainability and digitalisation. More than 400 people work for VORM and in 2021 the group turned over more than half a billion euros. VORM is located in Rotterdam.