Findable Secures €9M to Revolutionize Building Documentation with AI, Driving Sustainability and Compliance in Real Estate

Findable Raises €9 Million Series A to Revolutionize Building Documentation with AI

Findable, a startup based in Oslo, Norway, specializing in automating building documentation using artificial intelligence (AI), has successfully raised €9 million in a Series A funding round. The investment was led by Point Nine, with contributions from KOMPAS VC, Construct Venture, and Lake Eight. This funding will be pivotal in accelerating the company’s growth, expanding its market reach, and strengthening its team.

The AI-driven platform by Findable automates the complex task of sorting and filing building documentation, an essential aspect for building owners, operators, and contractors. This not only saves valuable time and financial resources but also empowers more strategic decision-making, such as prioritizing maintenance and ensuring compliance with ever-evolving regulations. As sustainability regulations tighten across Europe, Findable's solution is in high demand.

Findable’s focus is particularly timely given the built environment accounts for over 40% of global greenhouse gas emissions. The company's platform provides easy access to crucial documentation, helping asset managers minimize their environmental footprint by promoting better building maintenance and longer operational lifespans. Additionally, it simplifies the process of obtaining environmental certifications, thus supporting global sustainability efforts.

Key Takeaways

1. Successful Series A Funding: Findable secured €9 million in a Series A round led by Point Nine, with participation from KOMPAS VC, Construct Venture, and Lake Eight.
2. AI-Driven Documentation Automation: Findable’s platform reduces the inefficiencies of building documentation management, which costs building owners €2 per square meter annually.
3. Tackling Global Sustainability: Findable aids asset managers in cutting down the built environment’s carbon footprint, addressing over 40% of global greenhouse gas emissions.
4. Compliance and Regulatory Adaptation: The platform enables building owners and operators to stay ahead of new sustainability and safety regulations, such as the UK’s Building Safety Act and the EU’s Energy Performance of Buildings Directive.
5. Rapid Growth and Market Expansion: In 2024, Findable has signed over 60 new clients, processed more than 2 million documents, and doubled its workforce, with international expansion planned.

Deep Analysis

Findable's ability to secure €9 million in its Series A round underscores the increasing importance of technological solutions in the real estate and construction sectors, especially amidst growing regulatory demands for sustainability and safety. The real estate industry has long struggled with documentation inefficiencies, with outdated, manual processes causing delays, unnecessary costs, and potential regulatory violations. Findable’s AI-powered platform addresses this head-on, offering an automated, scalable solution that not only streamlines documentation but also helps stakeholders make better strategic decisions.

Moreover, the startup’s emphasis on sustainability speaks to a broader industry trend. With buildings contributing significantly to global carbon emissions, Findable’s platform directly supports the real estate sector’s transition toward greener practices. By providing better access to critical data, asset managers can enhance building maintenance, extend the lifespan of structures, and reduce waste—key components of achieving a lower environmental impact.

The European regulatory landscape is also a critical factor in Findable's growth. For instance, the UK’s new Building Safety Act is aimed at improving safety standards for construction projects, while the EU’s Energy Performance of Buildings Directive seeks to decarbonize the entire building stock by 2050. Findable helps users navigate these changing laws by ensuring that their documentation is always up to date and accessible, reducing compliance risks and avoiding potential fines.

What sets Findable apart is its advanced technical team and AI-first approach. With a robust pipeline of technological developments planned, Findable is well-positioned to further integrate AI into building documentation and compliance, ensuring it can meet the evolving needs of the market.

Did You Know?

• Inefficient management of building documentation costs property owners an average of €2 per square meter every year.
• The built environment is responsible for over 40% of global greenhouse gas emissions, a pressing issue that Findable helps address through improved building maintenance and longevity.
• In 2024, Findable has already processed over 2 million documents and expanded its client base significantly, signaling its rapid momentum in the real estate sector.
• The European Union has set ambitious goals to decarbonize its building stock by 2050 through the Energy Performance of Buildings Directive. Findable's AI solution is designed to help asset managers align with these sustainability targets, making it a key player in the industry's transition towards net-zero.