Luce Labs
Stopped a bad expansion and unlocked €80K of grants instead.
The situation
Luce is a home renovation company based in Latvia, specializing in energy efficiency and modern design.
Luce was facing challenges in securing the necessary funding for a large-scale renovation project despite having a solid reputation and demand for its services.
Our approach
Secure funding through grants and private investment, while emphasizing the long-term savings of energy-efficient renovations.
- 1Highlighted utility savings for residents.
- 2Identified grants across Europe and suitable programs.
- 3Secured €80,000 in private investment.
- 4Prepared pitch materials and a detailed financial model with scenario planning.
- 5Conducted thorough market analysis, concluding that expanding in Latvia was not advisable, saving €3.8 million in potential losses.
Outcome
- Secured €80,000 in funding.
- Positioned to apply for additional grants.
- Safeguarded €3.8 million by advising against premature expansion.
Engagement timeline
Diagnose → Build → Deploy → OperateHighlighted utility savings for residents.
Identified grants across Europe and suitable programs. Secured €80,000 in private investment.
Prepared pitch materials and a detailed financial model with scenario planning.
Conducted thorough market analysis, concluding that expanding in Latvia was not advisable, saving €3.8 million in potential losses.
Before & after
- Luce was facing challenges in securing the necessary funding for a large-scale renovation project despite having a solid reputation and demand for its services.
- Secured €80,000 in funding.
- Positioned to apply for additional grants.
- Safeguarded €3.8 million by advising against premature expansion.
Artifacts delivered
What the founder walked away withStopped a bad expansion and unlocked €80K of grants instead.
