Property Inspection Startup Spotr.ai Raises €4.5M

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Spotr uses its inspections to determine whether properties are underinsured, expose out-of-date energy labels, and overall reduce the operational costs involved in managing and inspecting larger real estate portfolios.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."