Dutch-based Spotr raises €4.5M to build the world’s largest image-driven property database

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The Hague-based Spotr.ai, a Dutch company that uses image recognition and Artificial Intelligence (AI) to gather and maintain asset management data, announced that it has secured €4.5M in a fresh round of funding. 

The investment came from EDF Pulse Ventures, Volta Ventures, and InnovationQuarter.

Julien Villeret, Chief Innovation Officer at EDF group says, “Decarbonising housing, which is responsible for 36 per cent of greenhouse gas emissions in Europe, is directly in line with the EDF Group’s raison d’être.”

“The technology developed by Spotr enables us to effectively qualify customers’ needs so that we can very quickly offer them concrete solutions in terms of energy efficiency and decentralised energy production, such as the installation of solar panels on their roofs.”

An AI-powered building inspection platform

Founded in 2015 by Dirk Huibers, Tara Campagne and Marieke Dijksma, Spotr addresses the challenge of obtaining property data at scale by revolutionising traditional methods. 

With outdated and limited sources, physical inspections were the only alternative, leaving 98 per cent of properties un-inspected. Spotr’s mission is to inspect 100 per cent of these properties annually, tackling issues like underinsurance and the shift to carbon neutrality. 

The platform’s global scanning capability and results, coupled with a hassle-free implementation, set Spotr apart in the industry.

Spotr builds a digital twin of every property in a portfolio by collecting satellite and street images based on customer-provided addresses. Using Machine Learning and AI, Spotr conducts large-scale image inspections to identify key property characteristics like materialisation, size, condition, and typology.

EDF group entities in France and internationally are in discussions with Spotr to streamline the decarbonisation efforts in the housing and commercial sectors across Europe.

Capital utilisation

The funds will help Spotr to advance its mission of creating the world’s largest image-driven property database, addressing challenges such as decarbonisation and underinsurance.

Co-founder Huibers says, “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,” adds Huibers.

Currently, Spotr is active in the Netherlands, UK, Ireland, France, and Sweden.

Brief about EDF

EDF Group, a player in the energy transition, is a globally integrated energy company involved in production, transport, distribution, trading, and energy services. The group focuses on nuclear and renewable energy, investing in new technologies to drive the energy transition.

EDF aims to create a CO2-neutral energy future, promoting the well-being, development, and planet preservation through electricity and innovative solutions. EDF is committed to sustainable energy solutions, serving around 39.8M customers globally, with sales of €143.5B in 2022.

EDF Pulse Ventures, part of EDF’s innovation arm, invests in innovative solutions and startups outside the EDF group. Since 2017, they’ve invested around €500M in 30 startups and 21 investment funds, spanning France, Europe, and North America.

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Vishal Singh

Vishal Singh is a News Reporter and Social Media Marketing Lead at Silicon Canals. He covers developments in the European startup ecosystem and oversees the publication's social media presence. Before joining Silicon Canals, Vishal gained experience at the Indian digital media outlet Inc42, contributing to its growth with insightful content. Despite being a college dropout, his passion for writing has driven his career in journalism.

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