GreenBuild Studio
Architecture studio specialising in low carbon renovation.
About the business
A six person studio working on renovation projects that reduce energy use without losing the character of older Limburg buildings. Strong pipeline, lacks working capital to run more parallel projects.
The founder
Tim Kessels, 38
Tim founded the studio in 2018 after eight years at a larger firm. The waiting list is six months. He is reluctant to grow on bank debt and VC is not interested in a services business.
The ask
Funding goal: € 80.000
- Two additional architects for 18 months€ 60.000
- Software and equipment€ 8.000
- Working capital to bridge 90 day invoicing€ 12.000
Projected returns
Projections, not guarantees. See risks below.
What GrowthShare brings
Hiring support, project management tooling, client contract templates and legal review.
Risks and what happens if it fails
Services businesses depend on staff utilisation. Recovery depends on the studio maintaining a stable backlog, which it currently has but cannot guarantee.
If the business cannot meet its commitments, backers may receive less than they pledged or nothing at all. GrowthShare will work to recover the principal where possible.
Updates from the founder
Two new projects added to backlog
Two municipal renovation projects were signed last week, extending visible backlog to nine months. Hiring is the binding constraint, which is exactly what this round funds.