Findable, a tech startup based in Oslo, has successfully raised €9 million in a Series A funding round. Led by Point Nine with participation from KOMPAS VC, Construct Venture, and Lake Eight, the funds will be directed towards expanding the company’s reach and growing its team as it enters new markets.
Specializing in automating the management of building documentation, Findable aims to simplify the complex process of organizing and retrieving documents for property owners, operators, and contractors. This automation saves time and cuts costs, offering users insights that can inform strategic decisions like managing maintenance schedules and ensuring compliance with regulatory requirements.
In addition to operational efficiency, Findable addresses the environmental impact of buildings. The built environment is responsible for over 40% of global greenhouse gas emissions, and by facilitating better documentation, Findable helps asset managers minimize environmental harm. Its technology supports improved building maintenance and extends the lifespan of structures. Furthermore, Findable simplifies the process for applying for environmental certifications, aligning with sustainability objectives. Ineffective documentation management is estimated to cost building owners roughly €2 per square meter each year.
The push for better building documentation has gained urgency with the introduction of new construction and environmental laws across Europe.
For instance, the UK’s Building Safety Act has introduced higher safety standards for new projects, while the EU’s Energy Performance of Buildings Directive aims to decarbonize the building stock by 2050. Findable’s platform helps property owners and managers stay compliant with these evolving regulations by providing easy access to high-quality building records.
In 2024 alone, Findable onboarded over 60 new clients, processed more than 2 million documents, and doubled its staff. After expanding into the UK market earlier this year, the recent funding will fuel the company’s further growth and help it develop products to improve building safety and sustainability on a global scale.
Fredrik Halmøy Wisløff, CEO of Findable, stated, “Recent incidents in the building sector underscore the importance of compliance. We are committed to reducing the administrative burden on the property industry by providing a proactive solution that can prevent future accidents. With the support from our investors, we plan to enhance our technology to help create safer and more sustainable buildings throughout Europe.”
Christoph Janz, Managing Partner at Point Nine, commented, “Findable is revolutionizing how building documentation is handled, introducing much-needed efficiency and compliance solutions for real estate. Their AI-driven approach is spearheaded by a strong technical team, and we are excited to be part of their mission to make buildings safer and more sustainable.”
Sebastian Peck, Managing Partner at KOMPAS VC, added, “With the evolving regulatory landscape, property owners and operators are seeking tools that reduce risk and facilitate the transition toward net-zero emissions. Findable’s technology offers exactly that. Our ongoing support reflects their impressive growth and innovation, and we look forward to backing them through their next phase of expansion.”
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By Proptechbuzz
By Ravi Kumar