Property Inspection Startup Spotr.ai Raises €4.5M

January 25, 2024

Dutch PropTech startup Spotr.ai has raised €4.5M to develop its AI-facilitated image-driven property database for remote property management.

The investment was led by EDF Pulse Ventures with contributions from existing investors Volta Ventures and InnovationQuarter.

Spotr says it will use the funds to scale its operations and extend its services to the insurance industry, setting the goal of inspecting 15 million properties by 2026.

The company, founded in 2015 and boasting the tagline "Inspect millions of buildings in seconds", uses machine learning and AI to perform large-scale image inspections, creating digital twins for every property in a portfolio.

Spotr uses its inspections to determine whether properties are underinsured, expose out-of-date energy labels, and overall reduce the operational costs involved in managing and inspecting larger real estate portfolios. The firm claims it can scan properties anywhere in the world and deliver results in no time with a zero-hassle implementation for customers.

Dirk Huibers, co-founder and CEO at Spotr, said:

"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."

January 25, 2024
Harvey is an experienced property journalist and copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has blogged for the private rented sector, ghostwritten for UK property experts and written case studies for franchise owners around the UK. Harvey joined Online Marketplaces as a News Editor in 2022.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Developer Generic Background
Product Roundup: Hemnet, Green Acres, FazWaz, Property Sorted and Leboncoin

Here are the product and services updates we've spotted coming from real estate marketplaces around the world this week...  ...

Read More
Affordability Calculators 1 1
Affordability Fears Are Growing – Are Real Estate Portals Paying Attention?

Only around 40% of listings on Zillow are affordable. Or, to put it another way, only around 40% of properties...

Read More
People Roundup Hero Image 3 April 25 2
People on the Move Roundup: REW, ImmoScout24 and REA India

This week's roundup of real estate marketplace comings and goings features executives on the move in Canada, Germany and India......

Read More
Cooperrocketacq 3
Rocket to Acquire Mr Cooper Mortgage Service for $9.4 Billion

Rocket Companies has announced a $9.4 billion all-share deal to acquire Mr. Cooper, the largest mortgage servicer in the United...

Read More

Editor's Pick