Property data platform Spotr raises €4.5 million

Property data platform Spotr closed a €4.5 million funding round from EDF Pulse Ventures and existing investors Volta Ventures and InnovationQuarter.

Founded in 2015 as Octo, Spotr offers digital inspection services for buildings at scale, using computer vision to detect building conditions, elements, typology, and materialization, and to derive measurements.

Its images are gathered from sources like satellite and street images using a list of addresses given by their customers, constructing a digital twin of every property in the portfolio. Spotr then conducts large-scale image inspections to identify characteristics such as materialization, size, condition and typology.

“With the investment we have extended our executive team with two seasoned and successful entrepreneurs. Bart Jan Hin, former CCO of Rodeo, has come on as CCO and Sander Mulders, former founder Geophy, as CTO. Next to these key hires, we will extend our technology, originally built for housing organisations, in the insurance industry. This allows us to service large enterprise companies like Zurich and local real-estate owners like the Alliantie. Our ambition is to inspect 15 million properties in the next two years.” – Dirk Huibers, Co-founder and CEO of Spotr.

“Decarbonising housing, which is responsible for 36% of greenhouse gas emissions in Europe , is directly in line with the EDF Group’s raison d’être. The technology developed by Spotr enables us to effectively qualify customers’ needs, so that we can very quickly offer them concrete solutions in terms of energy efficiency and decentralised energy production, such as the installation of solar panels on their roofs.” – Julien Villeret, Chief Innovation Officer at EDF group.