This is an interesting idea. Share data on property maintenance and repairs, so that recycled parts, furnishings and fixtures get a second lifespan, rather than being thrown into a skip. Here’s the word;
Loopfront AS, a circular economy focused, cloud based IT-start up focused on solving the global environmental challenges real estate and construction sectors have with circularity, provides a business update following the Company’s USD 6 million Seed financing round in December 2021.
The Seed financing round was led by ProVenture, with Wiski Capital and Aidiom participating. Since the capital increase, the Loopfront team has experienced increased demand for its circular platform tool.
With over 35 large commercial real estate owners, medical hospitals, educational institutions and central and local governments across Norway, Sweden and Germany being active users of the platform, Loopfront has experienced a 300% increase in users since December 2021.
Having also launched the new version of the platform, Loopfront has been selected as a supplier for Swedish-based Adda AB, which supports over 1000 organisations, municipalities and regions looking to procure a Circular Management System. Now that the agreement has been signed, Loopfront has the potential to become the market leader in Sweden and achieve rapid growth of new customers.
The Loopfront team also expanded their business model, selling subscriptions to companies who wish to use Loopfront data to provide improved circular services to their customers.
Loopfront – Advantages for building owners and tenants:
Building owners and tenants use Loopfront to easily register furniture, fixtures, equipment, and materials in existing buildings and premises planned for rehabilitation or demolishing, seeing savings instantly.
Logistical processes including demounting, storage, transport and other circular activities can be planned in cooperation with service providers.
Materials can be reserved for reuse internally or sold.
All circular activities can be followed live in reports gathered which show how much building waste, carbon emissions, circularity in accordance with EU requirements, as well as economic savings.