Spacemaker was acquired by Autodesk for $240 million.

Norway M&A 17 November 2020
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Spacemaker, an Oslo, Norway-based SAAS developer of AI software for property developers and architects announced that it was acquired by Autodesk, an American architecture and engineering software corporation.

According to media sources, the deal was made for $240 million, mostly cash, and Spacemaker will remain an autonomous unit within Autodesk.

Spacemaker, founded in 2016 and led by CEO Håvard Haukeland, Carl Christensen and Anders Kvale, develops SAAS software used 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.

Spacemaker previously raised a $25M capital investment round led by Atomico and Northzone in 2019. Other investors included Danish property developer NREP, Nordic property developer OBOS, U.K. real estate technology fund Round Hill Ventures and Norwegian investor Construct Venture.