kodehyve announces fresh product updates, strong growth figures and international expansion for 2024

Luxembourg-based ConTech kodehyve continues to push with its mission of reshaping the Architecture, Engineering, and Construction (AEC) industry with its suite of connected operating systems and APIs.

Founded by Julien Casse and Felix Hemmerling, kodehyve is on a mission to empower the built industry by driving collaboration, mitigating risks, and delivering unprecedented efficiencies and transparency.

The company reports remarkable YoY growth, with notable Key Performance Indicators (KPIs), including annual recurring revenue and customer expansion. kodehyve's innovative technologies serve a diverse clientele and recently celebrated a significant milestone, having acquired its 50th customer.

Key performance indicators:

• 21.46% Year-over-Year (YoY) Annual Recurring Revenue (ARR) growth
• 44.84% YoY committed Annual Recurring Revenue (cARR) growth
• 67.86% YoY customer growth

International expansion

Their product suite, comprising kodehyve sign, kodehyve comply, and kodehyve OS, plays a pivotal role in streamlining operations and enhancing transparency within the AEC space. Notably, kodehyve's commitment to continuous improvement is reflected in the launch of key modules and an in-house design system in 2023.

Currently, kodehyve is undergoing an exciting internationalisation process, with Belgium being the first step in this international expansion journey. The go-to-market expansion into Belgium has been recently kicked off by kodehyve having attended and held a talk at Realty, Belgium’s real estate summit. On the venture’s radar are prospective ventures in the Netherlands, Switzerland, Germany, and Portugal as they continue to grow and make a meaningful impact on a global scale.

As part of its international expansion efforts, kodehyve announced key product and growth updates at Web Summit 2023, where the tech venture was part of the invite-only growth programme and Felix Hemmerling gave a keynote at the Growth Summit.