Epum funding news – Amsterdam-based Epum Secures €1.47 Million in Pre-Seed Funding
Jul 29, 2024 | By Team SR
Epum, an innovative startup dedicated to transforming the commercial real estate development industry, secures €1.47 million in pre-seed funding. The funding round was over 150% oversubscribed and was led by Dutch AI investor Curiosity VC, with co-investments from NP-Hard Ventures, Remote First Capital, and Heartfelt VC.
SUMMARY
- Epum, an innovative startup dedicated to transforming the commercial real estate development industry, secures €1.47 million in pre-seed funding.
- The firm claims that the largest real-time dataset of urban zoning and planning activities in the US is available on Epum's platform.
With the help of this funding, the business will be able to carry out its objective of increasing the data-drivenness of the commercial real estate sector so that pension funds throughout the globe may continue to rely on the returns from these investments to support their retirees in the years to come.
Epum's commercial real estate research platform will be developed and distributed more quickly thanks to this investment. The platform is made to help developers, investment managers, and lenders find the best development sites based on parameters they enter.
It also securely arranges their confidential data, uses specially designed machine learning models to predict submarket trends, and produces investment committee memos more than ten times faster than with traditional human analysts.
Royden Cooper, CEO of Epum said, “This is a significant milestone for Epum and we are thrilled to have more resources to serve our customers, Commercial real estate developers are the main catalysts of value in the commercial real estate ecosystem since they are the ones who build the future of our cities. After the last 12 months of industry volatility as a result of rising interest rates, we are excited to support developers with new tools to derisk their projects and grow their assets under management.”
The firm claims that the largest real-time dataset of urban zoning and planning activities in the US is available on Epum's platform. The platform provides a potent commercial real estate development site selection solution based on this dataset and proprietary algorithms.
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It assesses zoning, ownership profiles, land area, topography, traffic data, competitive supply, local demand drivers, and more to find and support the best acquisition opportunities. Two national commercial real estate developers and one real estate private equity fund are already partners of Epum.
About Epum
In 2023, two former commercial real estate developers, Royden Cooper and Spencer Stieff, one former senior software engineer from Adyen, Leonardo Costa, one former senior data scientist from Globality, Tomasz Pietruszka, and Marvin Mc Cutchan, a world-renowned expert in the field of geospatial artificial intelligence with a PhD from Vienna University of Technology, founded Epum.