In a significant stride towards automating the real estate sector, Findable, an innovative startup based in Oslo, has successfully raised €9 million in a Series A funding round. The investment, spearheaded by Point Nine, saw participation from KOMPAS VC, Construct Venture, and Lake Eight. This capital infusion will bolster Findable’s ambitious plans for expansion into new markets and enhance its operational capabilities.
At the heart of Findable’s mission is its AI-powered platform designed to automate the management of complex documentation for property stakeholders. By streamlining the sorting and filing of essential building documents, Findable not only saves time and reduces costs for building owners, operators, and contractors, but also empowers them to make informed strategic decisions. The platform plays a pivotal role in prioritizing maintenance, ensuring regulatory compliance, and ultimately contributing to the sustainability of the built environment.
With the construction industry contributing over 40% of global greenhouse gas emissions, Findable’s approach to enhancing documentation management becomes all the more critical. The company’s solution aids asset managers in reducing their environmental footprint by promoting better building maintenance and longevity. Moreover, it simplifies the certification process for environmental standards, aligning with broader sustainability initiatives. Inefficiencies in documentation management are estimated to cost building owners around €2 per square meter each year—a significant burden that Findable aims to alleviate.
The urgency for improved documentation practices is underscored by recent legislative changes in Europe. The UK’s Building Safety Act and the EU’s Energy Performance of Buildings Directive reflect a growing demand for enhanced safety and sustainability in construction. Findable’s platform is poised to support compliance with these evolving regulations, thereby mitigating risks associated with inadequate documentation.
Since its launch in the UK earlier this year, Findable has achieved remarkable traction, securing over 60 new clients and processing more than 2 million documents. The company’s workforce has also doubled, positioning it for further growth in international markets.
Fredrik Halmøy Wisløff, CEO of Findable, emphasized the urgency of their mission: “In recent years, we’ve witnessed large-scale building accidents due to inadequate compliance. We are committed to creating a solution that eases the regulatory burden for the property sector and can be implemented proactively to prevent these tragic incidents. With this funding and support from our investors, we will double down on technological developments that will help create safer and more sustainable buildings across Europe.”
Christoph Janz, Managing Partner at Point Nine, remarked on the transformative potential of Findable: “Findable is transforming how building documentation is managed, bringing much-needed efficiency and compliance to the real estate industry. As an AI-first company, they have an exceptionally strong technical team that has been innovating in this vertical even before the rise of generative AI. We’re excited to support their mission to make buildings safer and more sustainable through AI-driven solutions.”
The prospects for Findable are promising, especially as the demand for sustainable building practices continues to escalate. The company’s ability to streamline compliance processes positions it as a valuable ally for property stakeholders navigating an increasingly complex regulatory landscape. By focusing on innovation and sustainability, Findable not only addresses immediate operational challenges but also aligns with long-term global goals for carbon neutrality.
As the built environment undergoes a paradigm shift towards greater accountability and environmental responsibility, Findable stands out as a key player capable of driving this change. The integration of AI into property administration not only enhances efficiency but also lays the groundwork for a future where regulatory compliance is seamlessly managed. Findable’s commitment to creating safer, sustainable buildings reflects a broader vision that benefits not just their clients but the entire industry.
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