A True Team Effort: Closing Our €4M Seed Round

By Thomas Nygaard Hamann, 12/08/2024

We did it a:gain

3.5 years after the birth of a:gain, and following an intense 1.5-year journey to secure long-term funding, we are incredibly proud to announce the successful closing of our €4 million seed round. This milestone is the result of a dedicated and persistent team that has worked tirelessly to bring us to this point—proving once again that when we stand together, we can achieve remarkable things.

Fundraising is never straightforward, especially when pushing the boundaries of circularity in the construction industry. Throughout this process, our team has shown resilience, creativity, and an unwavering belief in our mission. This funding is more than just capital; it’s a validation of our vision and a stepping stone toward scaling our impact even further.

We also want to extend our deepest gratitude to our investors for believing in us and in the potential of a:gain. Your trust and support empower us to take the next steps—bringing even more circular solutions to the market and proving that waste is only waste if we let it be.

Now, the real work continues!

Read the full press release below:

Best regards,

Thomas, CEO, a:gain

Press release

a:gain raises EUR 4 million to accelerate the green transition in the construction industry

a:gain, a Denmark-based company on a mission to revolutionise the construction industry’s climate impact, has secured EUR 4 million from private and venture investors. The funding round has been successfully completed despite a challenging market, highlighting strong confidence in a:gain’s vision and business model. The company has established itself as Europe’s leading developer and manufacturer of circular building materials made from resources that would otherwise have been incinerated or sent to landfill. Its products include façade solutions, flooring, and partition walls, providing genuine alternatives for sustainable construction in the future. The capital raised will be used to accelerate the expansion of a:gain’s products both in Denmark and internationally.

Strong investor relations and industry support

The funding round was led by Change Ventures, spearheaded by Jacob Jelsing, and backed by North Ventures, The Footprint Fund I, as well as several prominent industry players, including TBL Holding, Tscherning, and AG Gruppen, along with multiple business angels.

“We are incredibly proud to attract such a diverse group of investors in a difficult market. This confirms that we have established ourselves as a strong, professional, and serious manufacturer, offering tried-and-tested, well-documented, and climate-friendly alternatives to the industry,” says Thomas Nygaard Hamann, CEO of a:gain.

Jacob Jelsing adds, “The construction industry faces a massive challenge in terms of the green transition. With a strong portfolio of new products based on secondary raw materials, a:gain has positioned itself as a respected brand and a key player in this transition. As a green investor, we see significant business and impact potential in this.”

a:gain’s products have already been used in over 100 projects—both in Denmark and internationally—with the award-winning TRÆ building in Aarhus as a flagship reference. Here, a:gain supplied a wide range of circular building products used across all floors of the building.

The future of Danish construction

The new capital will accelerate the adoption of climate-friendly building materials in both Denmark and international markets, thereby contributing to the construction industry’s green transition. This represents a tangible step towards meeting both Denmark’s and Europe’s ambitious climate targets.

For further information, please contact:

Thomas Nygaard Hamann, CEO

+45 60 80 60 46

thomas@again.dk

About a:gain

At a:gain, we offer a portfolio of circular building products specifically designed for professional projects, supported by advanced digital infrastructure and design tools. Our products—all backed by warranties and extensive documentation and certifications—are made from secondary (non-virgin) raw materials or regenerative sources, such as industrial by-products, demolition waste, and post-consumer waste. Our products can serve as direct replacements for existing market alternatives (based on virgin resources) across three main areas: 1) The building envelope, 2) Flooring and walls, and 3) Acoustics and panels.

By focusing on scalable, market-ready products, a:gain enables a reduction in raw material consumption, waste generation, and CO₂ emissions across the entire building lifecycle, creating high value for our customers.

Find more information on our website (www.again.dk), follow us on LinkedIn (https://www.linkedin.com/company/a-gain) and Instagram (https://www.instagram.com/again.products/) or watch a presentation video (https://www.youtube.com/watch?v=2YfmMqlJ65Y) showcasing our current product portfolio. Our contributions to TRÆ can be seen in this presentation video (https://www.youtube.com/watch?v=HQUqY1vDxY4).

About Change Ventures

Change Ventures was founded by Jacob Jelsing to drive positive change. It is an investment firm dedicated to building a better future through patient capital, with a focus on green startups. In addition to a:gain, the company has interests in Another Closet, New Loop, Planetary Impact Ventures, Searine, and Søuld.

About North Ventures

North Ventures is a venture capital firm that supports visionary entrepreneurs in creating innovative, technology-driven companies focused on solving global challenges. Through long-term, close partnerships, North Ventures develops and supports companies through active ownership. With an investment strategy anchored in global trends shaping industries and societies, North Ventures backs businesses that not only adapt to change but also drive it.

About Footprint Fund I

The Footprint Fund is an Article 9 Impact Venture Fund, investing in pre-seed and seed-stage deep-tech and scale-up solutions with the potential to drive the green transition