14 December 2023 Press releases

Direct investment in ecoworks: Haniel expands its growth capital portfolio

Duisburg, December 14, 2023. Haniel expands its growth capital portfolio by investing in ecoworks, the global innovation leader for serial climate-neutral renovation. This follows a financing round with participation from World Fund, Haniel, KOMPAS VC and ISAI, in which the Berlin-based start-up company raised EUR 40 million.

ecoworks offers modular renovation solutions for the housing industry. The company, led by CEO and founder Emanuel Heisenberg, plans, designs and installs façade and roof elements to rapidly transform apartment buildings with a significant renovation backlog into attractive and climate-neutral living spaces.

With its business model, ecoworks makes an important contribution to the decarbonization of the European building sector. According to the company, around 50 percent of the 315 million residential units in this sector have an energy efficiency rating of E or worse. In the EU, this will require multi-trillion euro investments by 2030.

ecoworks is already the ninth direct investment from Haniel's cleantech-focused growth capital fund. "We are excited to be part of the ecoworks journey and look forward to supporting Emanuel Heisenberg's team in their goal to reduce greenhouse gas emissions by a total of more than 1 gigaton of CO₂ by 2045," says Philipp Göhre, Partner Growth Capital at Haniel.


Julia Heitmann

Head of Communications