Munich-based startup VESTIGAS, pioneering digital delivery note processing in the construction industry, has secured an €8 million investment from Project A and b2venture. Previous investors included Realyze Ventures and several Angels such as Schüttflix’s Christian Hülsewig.
With this investment, VESTIGAS will accelerate its expansion across the DACH region and Europe while further investing in its core products and automated invoice management. The company is quicky evolving into the central operating system for the construction supply chain.
This funding comes at a crucial time: The German government is investing €500 billion to modernize the country’s infrastructure.
With material costs accounting for 70% of total construction expenses, inefficiencies in supply chains continue to drive costs even higher. VESTIGAS provides the solution — its Supply Chain OS digitizes delivery notes, optimizes material flows, and automates processes, unlocking billions in savings in Germany alone.
The VESTIGAS platform has grown over 10x in 2024, servicing >80 construction players and thousands of users today. The company was founded in 2021by Paul Kaiser (Co-CEO) Julian Blum (Co-CEO), both former founders in construction with 8+ years of industry experience, Yannick Gehring (CTO), former Flixbus & Celonis, & Nicolas Blum (CPO), former UnternehmerTUM appliedAI. VESTIGAS has offices in Munich and Eggenfelden.
Making the construction industry paperless
The construction industry still relies heavily on paper-based processes — slow, error-prone, and inefficient. VESTIGAS is changing that.
The VESTIGAS software enables construction companies and suppliers to replace digital documents completely with a digital workflow — from sign-off and analysis to post-processing and invoice verification — bringing true digital transformation to the industry.
For the first-time, this allows the industry to approach supply chain processes on a full automatic and data-based level. App-based ESG-Analysis, quality control and financial processing give construction workers and managers several hours per week back that were previously spent with menial paperwork. As the only player offering an end-to-end digital workflow, VESTIGAS enjoys great popularity just 2 years after launch.
Industry leaders such as STRABAG, Central Europe’s largest construction company, and the GC Group are adopting VESTIGAS’ technology at scale.
Paul Kaiser, CEO of VESTIGAS, comments: “This investment will fuel our growth not only in Germany but also internationally. We have the opportunity to set a new industry standard—and we’re ready to make it happen!”
Also joining the VESTIGAS board, Philipp Werner comments: “Paul and Julian aren’t just selling software: they’ve experienced the construction supply chain inefficiencies firsthand. That’s exactly why they’re succeeding where legacy solutions have failed, transforming procurement inefficiencies into a strategic advantage and creating an indispensable bridge between general constructors and suppliers, locking in long-term relationships.”
As efficiency gains become increasingly critical in construction, Realyze General Partner Manfred Heid comments: “Delivery notes have historically been an overlooked efficiency driver in the growing construction industry. However, with the sector’s ongoing transformation, improving process efficiency has become crucial for success in a competitive market.”
Jan-Hendrick Bürk, Partner at b2venture, also highlights the disruptive potential of VESTIGAS: “At b2venture, we’re constantly on the lookout for teams tackling significant, real-world problems with solutions that have the potential to reshape entire industries. From our first conversation with Paul, Julian, Nicolas, and Yannick, it was clear they weren’t just building another software tool—they were rethinking how the construction industry operates at its core. Their blend of domain expertise, execution speed, and relentless drive convinced us that VESTIGAS is set to redefine supply chain efficiency in construction. We’re proud to support this exceptional team as they turn vision into reality.”
About VESTIGAS
VESTIGAS is a fast-growing startup offering a supply chain operating system for the construction industry. The solution is the only fully digital, independent and legally secure platform for orders, delivery notes, and invoices. This will allow VESTIGAS to save >10bn € of costs and several million tons of CO2 in Germany alone. VESTIGAS has already partnered with 14 of the top 20 contractors and 17 of the top 20 suppliers in the German construction industry. We are pushing construction to new heights.
About Project A
Project A is one of the leading early-stage tech investors in Europe with offices in Berlin and London. In addition to $1bn assets under management, Project A commands the largest VC platform team in Europe: 100 functional experts exclusively support the portfolio companies in key areas of growth such as data engineering, recruiting, sales and marketing. The venture capital firm was founded in 2012 and has backed more than 120 startups. The portfolio includes companies such as Trade Republic, Black Semiconductor, Quantum Systems and sennder.
About b2venture
Founded in 2000, b2venture is one of the most experienced venture capital firms in Europe. The group makes early-stage investments through its dedicated funds and stage-agnostic investments through its direct investment track. b2venture is supported by a unique community of angel investors, fostering the firm’s passion for backing the unique entrepreneurs, maverick ideas, and outlier companies that will define tomorrow. The firm began its journey in St. Gallen, Switzerland and now has additional offices in Berlin, Zurich, Munich, and Luxembourg. b2venture deploys over EUR 100 million per year across Europe, leveraging the power of its multi-generational investor community. b2venture has proudly backed companies such as 1KOMMA5°, DeepL, Facebook, Raisin, Nelly, SumUp, and XING.
About Realyze Ventures:
Realyze Ventures invests in European technology startups driving climate and process efficiency in the built world – as well as technology companies at the intersection of the real estate and energy sector. By leveraging the expertise of key players from the industry, Realyze Ventures accelerates the net-zero transformation, addressing process efficiency, decarbonization and the shortage of skilled craftsmen. The fund’s ecosystem provides valuable insights for investors, with a network of national and international industry leaders. The experienced management team aims to seize promising opportunities and deliver strong returns for investors.
Press contact:
Paul Kaiser, VESTIGAS Co-CEO
