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Home GREEN

Findable raises €9M Series A

Arctic Startupby Arctic Startup
September 26, 2024
Reading Time: 5 mins read
in GREEN, SCANDINAVIA&BALTICS, VENTURE CAPITAL
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Findable, a Norwegian startup transforming building documentation, has raised €9 million in a Series A funding round led by Point Nine, with participation from KOMPAS, Construct Venture, Malling & Co Venture, and LakeEight. Findable’s AI-driven platform organizes scattered building information, enabling faster compliance with safety regulations and improved sustainability. This funding will fuel product development, team expansion, and strategic entry into the UK market, where stringent safety laws create high demand for their innovative solution.

“We’re also expanding into new markets and growing our team. If you’re passionate about transforming the future of the built environment, we’d love to hear from you. Join us in making a tangible difference in how buildings are managed—safer, more sustainable, and more efficient. In the end, it’s the people who are crazy enough to think they can change the world who are the ones who do,” says Fredrik Wisløff.

Founded three years ago by Knut O. Hellan, Lars Aurdal, Sondre Malde Pedersen, and Fredrik Wisløff, Findable addresses a pressing issue in the real estate sector, the disorganized and often inaccessible nature of vital building information. With the built environment responsible for over 40% of global greenhouse gas emissions, efficient management of building documentation is crucial for minimizing environmental impact and ensuring compliance with safety regulations. Recent high-profile incidents, such as the Grenfell Tower fire, highlight the dire consequences of inadequate documentation and planning.

 

Findable’s AI-powered platform streamlines the management of building information, converting scattered files stored in binders, USBs, and emails into an easily searchable digital repository. This innovative solution enables companies to meet regulatory requirements and enhance operational efficiency. The platform not only helps identify gaps in critical safety documentation but also empowers users with instant access to vital information, whether in the office or on-site.

With over 2 million documents and 15 million pages processed, Findable has already made significant strides, partnering with clients such as Stavanger Municipality and global enterprises like VELUX. As the company expands its footprint in the UK, it aims to help businesses navigate the complexities introduced by the Building Safety Act, ensuring that their properties are compliant, secure, and sustainable.

“We couldn’t ask for a better partner to lead our Series A than Point Nine. As one of the leading SaaS specialist investors, Christoph Janz and his team bring unparalleled expertise, particularly in vertical AI. Their track record of helping companies like ours scale is remarkable, and we’re excited to have them on board for the next phase of our journey,” comments Fredrik Wisløff.

The Series A funding will facilitate further development of Findable’s product offerings, enabling the startup to enhance its capabilities in building documentation automation. As it seeks to penetrate new markets and grow its team, Findable is poised to lead a transformative change in the way buildings are managed, setting the stage for a safer and more efficient future in construction and facility management.

Click to read more funding news.

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Read the orginal article: https://arcticstartup.com/findable-raises-e9m-series-a/

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