Findable, an Oslo-based startup specialising in automating building documentation through artificial intelligence (AI), has raised €9M in a Series A funding round.
The round was led by Point Nine, with contributions from KOMPAS VC, Construct Venture, and Lake Eight.
Christoph Janz, Managing Partner at Point Nine, says, “Findable is transforming how building documentation is managed, bringing much-needed efficiency and compliance to the real estate industry.”
“Findable is an AI-first company with an exceptionally strong technical team that started pre-GPT within this vertical. We’re excited to support their mission to make buildings safer and more sustainable through AI-driven solutions.”
Streamlining documentation management
Facility managers frequently struggle with disorganised documentation, often spread across ring binders, paper files, servers, USB sticks, and emails. This disorganisation can make retrieving essential information tedious, often regarded as “the world’s most boring job.”
However, maintaining well-organised and secure documentation is crucial for compliance, routine management, inspections, and certification processes. This is where Findable looks to make a difference.
The Oslo-based company addresses this issue by automating the sorting and filing of complex documents.
By improving access to critical information, Findable enables building owners, operators, and contractors to save time and resources, leading to more informed business decisions, such as prioritising maintenance and ensuring regulatory compliance.
Leveraging AI technology, Findable automates building documentation and enhances operations, compliance, and sustainability in the real estate sector.
Since 2020, it has organised over 2 million documents and 15 million pages for clients like OBOS, KLP, Alti, and VELUX, making essential information readily accessible. In 2024, the company has onboarded over 60 new clients and doubled its workforce.
Findable’s goal is to transform how building information is managed and influence the future of building management.
Capital utilisation
Following its UK launch earlier this year, the new funding will help in international expansion and product development to create safe and sustainable buildings.
Fredrik Halmøy Wisløff, CEO at Findable says, “In recent years, we’ve witnessed large-scale building accidents due to inadequate compliance. We are committed to creating a solution that eases the regulatory burden for the property sector and can be implemented proactively to prevent these tragic incidents.”
“With this funding and support from our investors, we will double down on technological developments that will help create safer and more sustainable buildings across Europe.”
Contributing to sustainability efforts
Findable claims to address the built environment’s significant carbon footprint, responsible for over 40 per cent of global greenhouse gas emissions.
By facilitating easy access to accurate documentation, the platform enables asset managers to enhance building maintenance, extend lifespans, and streamline applications for environmental certifications, thereby supporting sustainability goals.
Inefficient documentation management currently costs building owners approximately €2 per square meter annually, a burden that Findable’s technology aims to alleviate.
The demand for improved building documentation management has increased due to new sustainability regulations in Europe, including the UK’s Building Safety Act and the EU’s Energy Performance of Buildings Directive, which aims for a decarbonised building stock by 2050.
Findable’s platform supports users in navigating these regulations by providing access to high-quality documentation, helping to mitigate associated risks.
Sebastian Peck, Managing Partner at KOMPAS VC, says, “The changing regulatory landscape means building owners, operators, and contractors are seeking solutions to mitigate risk, simplify due diligence, and aid the built environment’s transition towards net zero. Findable’s technology does just that.”
“Our continued support is a testament to their rapid growth, innovative product, and world-class team. We’re committed to supporting Findable through the next stage of their European expansion,” adds Peck.
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