Strabag participated in a series A round which will fund a Central European expansion drive for the construction materials marketplace.

Schüttflix, the Germany-based operator of an online platform that supplies bulk materials to building sites, raised $50m yesterday in a series A round that included construction firm Strabag.

The round was led by venture capital firm Draper Esprit and also featured HV Capital, the VC firm affiliated with publisher Holtzbrinck, in addition to VC fund Speedinvest and Schüttflix’s founders.

Founded in 2018, Schüttflix has built a digital platform which enables suppliers of raw materials like sand, grit and gravel to…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.