Home » Belgian startup JUUNOO raises €6.6m to curb partition wall waste

Belgian startup JUUNOO raises €6.6m to curb partition wall waste

by Sion Geschwindt
Belgian startup JUUNOO raises €6.6m to curb partition wall waste

JUUNOO, a Belgian startup developing sustainable partition walls, has raised €6.6m (£5.6m) in Series A funding, which is a mix of capital increase, loans, and grants.

The Series A round saw the participation of Saint-Gobain GyprocFinindus, and existing investors. The round was also supported by VlaioTrividend, and BNP Paribas Fortis.

Every year, $320bn (£274bn) worth of partition walls are wasted worldwide, the startup says.

In response, JUUNOO has developed 100% circular wall partitions that can easily be dismantled and rebuilt or, after use, sold back to the company upfront for cash, and then resold at a profit.

Now JUUNOO looks to use the fresh capital to expand its operations to the Netherlands, Denmark, and the United States, with plans to be active in six countries by 2024. The company recently opened its New York office this month.

“This capital injection is another step in our company’s mission. We want to make circularity the standard in partition walls,” said JUUNOO’s Founder, Chris Van de Voorde, who is currently in the US seeking backing from new American investors.

“We are driven not only by our unique position to bring an excellent product to market, but to demonstrate how the construction industry can actively participate in a circular economy and stimulate others to innovate and join in,” he added. 

Image: JUUNOO’s Founder, Chris Van de Voorde (credit: JUUNOO)

Read next: German startup Ecoworks raises €7.7m for housing retrofit tech

Are you a building professional? Sign up for a FREE MEMBERSHIP to upload news stories, post job vacancies, and connect with colleagues on our secure social feed.

Leave a Comment

Related News

Online building news, features and opinions

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More