Meet the Real Estate Tech Entrepreneur: Mogens Smed from Falkbuilt
After a temporary pause in the Founder Interview Series, we’re back with another interview!
This week, we interviewed Mogens Smed from Falkbuilt.
Who are you and what do you do?
I am Mogens Smed, CEO and co-founder of Falkbuilt, a technology company that is digitizing the conventional construction industry. Our solution, Digital Component Construction, is supported by our revolutionary technology, Echo, and an amazing team of Falkers (our 300+ employees) and our 85+ Factory-direct Branches across North America and around the world.
What problem does your product/service solve?
Digital Component Construction shortens the construction schedule, is far more sustainable than conventional construction and our prefab process requires far less labor onsite, something that is enormously helpful in a labor crunch. We use 30 percent fewer materials which is good for the planet, we have a very efficient and much smaller factory than other prefab manufacturers and Digital Component Construction is designed for disassembly, so digital components can be re-used until the end of their lifecycle. Our powerful, proprietary technology, Echo, provides a new, productive way for stakeholders—from their homes or offices anywhere in the world—to meet in the cloud, inside a Revit model, to discuss and make real time design changes.
What are you most excited about right now?
I am so excited to see the growth of our vision. We started this company two years ago and we have more than 85 Factory-direct Branches around the world bringing Digital Component Construction to their local markets. The market response is incredible.
What’s next for you?
I hope to start getting on the road more and visiting our Branches and clients across North America. Since the pandemic started, we’ve met hundreds of clients over 600 or 700 very effective Zoom tours of our factory. We take them through our Falkville, a showcase of our solutions and show the range of what we can do in healthcare, retail, commercial, education and industrial. We will keep doing the Zoom tours but I am also looking forward to meeting people face-to-face again.
What’s a cause you’re passionate about and why?
I am very passionate about the environment and our precious waterways. I am happy to support the Kingfisher Interpretive Centre on the Shuswap River in western Canada. It raises 50,000 Chinook salmon every year and offers educational programming to thousands of school children and visitors. I support the Pacific Salmon Foundation, which is dedicated to the conservation and restoration of wild Pacific salmon and their natural habitats in British Columbia and the Yukon. And I am also a longtime supporter of the Sea Shepherd Conservation Society dedicated to protecting and conserving all marine wildlife.
Thanks to Mogens for sharing his story. If you’d like to connect, find him on LinkedIn here.
We’re constantly looking for great real estate tech entrepreneurs to feature. If that’s you, please read this post — then drop us a line (Community @ geekestate dot com).