Article taken from: techcrunch.com
The round is jointly led by Atomico and Northzone, with participation from investors in property and construction tech including Danish property developer NREP, Nordic property developer OBOS, and U.K. real estate technology fund Round Hill Ventures. A number of earlier investors including Norway’s Construct Venture also followed on. “Given the rate at which urban populations are increasing, we can’t build sustainable and liveable cities by continuing to rely on those methods. New urban developments need to make the best possible use of the available land to create comfortable spaces for residents while balancing stringent planning regulations”.
To help with this, Spacemaker has created software that lets developers and architects “sense check” their designs and optimise for a range of different parameters, from sun exposure to noise to wind to apartment size, choosing from hundreds of possible layouts. And by enabling developers and architects to test many iterations from the earliest stages, Haukeland says Spacemaker can help developers configure volumes smarter and thus increase sellable area. “At the same time, by intelligently distributing volumes the AI can help dramatically improve the living quality of future residents,” he adds. To that end, Spacemaker says it works with some of the largest names in property development in the Nordics and globally including Skanska, Obos, AF Gruppen and NREP.
The company’s 100+ team is said to include world-class data scientists, mathematicians, software developers, architects and urban planners. “Construction is a large part of global GDP with significant potential for technology to improve the sector’s low productivity, and we see a willingness from the industry to look for innovative new solutions,” Blume tells me.
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