Amsterdam-based real estate startup Epum has raised $1.6 million in pre-seed funding.
Epum was founded by a team with diverse backgrounds: former commercial real estate developers Royden Cooper and Spencer Stieff, ex-Adyen senior software engineer Leonardo Costa, former Globality senior data scientist Tomasz Pietruszka, and Geospatial Artificial Intelligence researcher Marvin McCutchan, who holds a PhD from the Vienna University of Technology.
The platform developed by Epum boasts the largest real-time dataset of urban zoning and planning activity across the United States.
Leveraging this dataset and proprietary algorithms, the platform provides a comprehensive commercial real estate development site selection tool. It assesses various factors such as local demand drivers, zoning, ownership profiles, demographics, competitive supply, land area, topography, and traffic data to pinpoint optimal acquisition opportunities.
Currently, Epum collaborates with two nationwide commercial real estate developers and one real estate private equity fund.
“Securing $1.6 million in pre-seed funding marks a significant achievement for Epum, enabling us to better serve our clients,” stated Royden Cooper, CEO of Epum.
“Commercial real estate developers are crucial in shaping the future of our cities. Despite the industry’s volatility over the past year due to rising interest rates, we are eager to support developers with innovative tools to mitigate risks and expand their assets under management.”
The funding round was led by Curiosity VC, with additional investments from NP-Hard Ventures, Remote First Capital, and Heartfelt VC.
This investment will accelerate the enhancement and distribution of Epum’s commercial real estate research platform. The platform assists developers, investment managers, and lenders in identifying optimal development sites based on input parameters, organizing proprietary data, forecasting submarket trends using specialized machine learning models, and preparing investment committee memos significantly faster than traditional human analysts.
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By Proptechbuzz
By Ravi Kumar