Benedict Aicher
- Co-Founder and CEO at Flexcavo
GetLatka interview
How Flexcavo Reached Over €100K/Month in Combined Revenue with 18x Year-Over-Year Growth (Interview with CEO Benedict Aicher)
Benedict Aicher (Co-Founder and CEO of Flexcavo) spoke to Nathan Latka on April 5, 2022.
Flexcavo figures from the interview
- Combined Monthly Revenue (Q1 2022)
- Over €100K/month
- Year-Over-Year Growth (2022)
- 18x (Q1 2021 to Q1 2022)
- Team Size (2022)
- 55
- Total Equity Raised
- $10,150,000
“In the end, we're building a platform to foster and enable intelligent construction, and we connect two things. We connect equipment and technology. So yes, we're writing code for machinery fleets. These machines are on a construction site, the only reliable data source. On the other hand, we operate as well as asset enabled business, so we can provide assets too.”
“Obviously not equity. VCs would kick my ass if I would spend my equity on machines. It's debt. So it's a structured debt. The good thing there is, I mean, we all know car financing. It works pretty much the same way. So we secure our assets with put options, and then we simply have our partner banks that finance our assets.”
“Over 400 on our own fleet. However, we manage over 10,000 pieces or units for our clients.”
Bio
Construction - Consulting - Construction Coming from a family business in construction, I moved into consulting at McKinsey after my bachelor's and master's studies. Now following the vision to enable intelligent construction with Flexcavo.