Spacemaker completed a $25M capital investment round led by Atomico and Northzone.
Spacemaker, an Oslo, Norway-based company developing AI software for property developers and architects announced completing a EUR 22M ($25M) Series A funding round.
The round was led by Atomico and Northzone and included Danish property developer NREP, Nordic property developer OBOS, U.K. real estate technology fund Round Hill Ventures and existing investor Construct Venture. As part of this investment round, Atomico’s Ben Blume and Northzone’s Michiel Kotting will join Spacemaker’s board.
The company will use this funding to accelerate the rollout of its product and grow its engineering and commercial teams.
Spacemaker, founded in 2016 and led by CEO Håvard Haukeland, is a company using AI software to simulate and optimize how buildings and structures would fit in a building site. The company’s technology lets engineers, real estate developers and architects go through multiple site proposals and sort out the best ones - by enabling developers and architects to test many iterations from the earliest stages, Spacemaker can help developers configure volumes smarter and thus increase sellable area.
The company has more than 100 employees and works with some of the largest names in property development in the Nordics and globally, including Skanska, Obos, AF Gruppen and NREP. Spacemaker was started in Oslo and also has an office in USA, in Cambridge, Mass, adjacent to MIT.