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Founder & CEO at Project Ökofix (Retrofitting Platform) at Founders Factory

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  • London
  • fulltime
  • -
  • Founders Factory builds and funds startups together with exceptional entrepreneurs and the world’s leading companies. Created by IPO-exited founders, we offer founders capital, operational support from a team of hands-on experts, and unrivalled access to a coalition of industry-leading corporate partners. Since 2015, our 300+ portfolio companies have raised $900mm follow-on funding from a roster of notable investors.

    Our Studio partners with entrepreneurs at day one, developing new ideas, technologies and business models into high growth companies. We’re now exploring concepts at the intersection of climate tech and real estate in partnership with Vonovia, Europe’s leading residential real estate company.

    We’re looking for an experienced operator with entrepreneurial ambitions to lead a new venture as Founder & CEO with our investment and the full backing of Founders Factory.

    The Opportunity

    There’s an urgent need for energy efficient housing in Germany. To reduce the high emissions and energy consumption of its real estate, Germany has set direct targets for 45% of its entire stock to be renovated by 2030 and 90% by 2050, which means doubling the current renovation rate to at least 2%. But there are many barriers to these renovations: High upfront costs, complex regulations, lack of qualified workers, and a data-intensive planning and design process.

    Project Ökofix: A Retrofitting Platform for Private Landlords 

    With only 47% of the population living in an owner-occupied dwelling, Germany has one of the lowest homeownership rates in Europe and makes up the biggest rental residential real estate market. More than 60% of these rental flats (roughly 14 million dwellings) are owned by private owners rather than big companies. 

    Facing upcoming regulatory deadlines around efficiency, rising carbon tax, and the reduced value of ‘brown’ (less energy-efficient) properties, landlords can’t wait any longer to retrofit their properties. Yet the existing retrofit process is slow, fragmented, expensive and stressful for small private landlords. 

    Our solution is Ökofix: A retrofitting platform that puts the scale, knowledge and expertise of larger landlords who retrofit at scale at the service of smaller private landlords. Ökofix manages the entire end-to-end retrofitting process from quoting and planning through to financing, project management and execution with expert tradespeople. This helps private landlords not only get a fair rent increase to pay for the work, but increase their rental returns and drive fair value of their properties. 

    Our offer

    1. Co-found a company with Founders Factory’s team of IPO-exited founders and entrepreneurs to develop a new venture at the intersection of insurance and technology
    2. Access to an expert team through our Venture Studio and 6-month accelerator programme
    3. Unlock €760k combined cash and hands-on support from our experienced team
    4. A dedicated studio budget (including the founder stipend, specialist resource and infrastructure budget)
    5. Senior access to Vonovia, Europe’s leading residential real estate company
    6. A validated concept and intellectual property

    What we’re looking for

    1. Experienced founder, builder or operator, capable of operating from zero to one
    2. Unique market insight, top 1% skills or other advantage that makes you a suitable and compelling founder in this space
    3. Proven ability to build a world-class team, attract customers and investors
    4. Evidence of thriving in ambiguous environments and a high aptitude for calculated risks
    5. A clear vision for the opportunity (including product direction) - with the drive and expertise to execute on it
    6. High IQ and EQ - strong opinions loosely held
    7. First-hand understanding of retrofitting process on a technical level - ideally having built or worked closely with property infrastructure
    8. Ability to manage complex processes and build this into a tech product 
    9. Very strong operational skills on the ground and willingness to be hands-on
    10. Deep understanding of the German market and German language skills (fluency)

    Note - We are open to applicants based across Germany (or willing to relocate). We are reviewing applications on an ongoing basis. If your background and application meets our criteria, we will be in touch to schedule a call. 

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