Female-led ConstructionTech startup AI-BOB secures €2 million to expand globally

AI-BOB, a Stockholm-based ConTech start-up leveraging AI to guarantee conformity with building and construction policies, has actually safeguarded EUR2 million in brand-new financing, bringing the overall evaluation to over EUR10 million– simply over a year after its starting.

Leading the financial investment round is VC company CapitalT. Various other capitalists consist of Fund F, which concentrates on purchasing female-founded firms, NCA, a German financial backing company been experts in the building and construction sector, and a pick team of angel capitalists. The brand-new funding will mostly be made use of for item growth and prep work for global growth.

“ AI-BOB’s vision is a globe where building and construction mistakes are not simply reduced however removed. With this brand-new funding, we can concentrate on creating an extraordinary item that really makes a distinction in the building and construction and realty sector. It’s outstanding to see global capitalists rely on us, and with their understanding and networks, we can prepare to range around the world and get in brand-new markets,” states Elin Mårtensson, Founder and Chief Executive Officer of AI-BOB.

Established In 2024 by Elin Mårtensson, Petter Wallberg, Rickard Svedenmark and Olle Eriksson, AI-BOB is creating electronic options to optimize building and construction and realty growth. By utilizing AI to assess plans and spot mistakes with millimeter accuracy– prior to they come to be real-world concerns– AI-BOB is intending to establish a brand-new criterion for a lasting and ingenious building and construction and realty sector worldwide. The firm was established in 2024 by Elin Mårtensson, Petter Wallberg, Rickard Svedenmark and Olle Eriksson.

The concept for AI-BOB was substantiated of Elin Mårtensson’s irritation after years as a building programmer and structure policies professional. She uncovered that building and construction mistakes and hold-ups are extra the guideline than the exemption, resulting in greatly costly tasks and huge quantities of unneeded building and construction waste.

In Sweden alone, the National Board of Real Estate, Structure and Preparation approximates that building and construction mistakes set you back approximately EUR9.8 million every year, comparable to about 50k recently constructed houses.

The start-up has actually promptly developed itself out there and currently has 3 international customers in its profile. Formerly, AI-BOB elevated EUR300k from EB Invest and EUR130k from Norrsken Structure.

Funding T, the lead financier, sees considerable market possibility in AI-BOB: “ What thrilled us most is just how promptly AI-BOB recognized an actual market trouble and created a clever, reliable service. With a solid group and a clear vision, they have the possible to change this sector. We eagerly anticipate sustaining their trip, which is simply starting,” states Janneke Niessen, Establishing Companion at CapitalT.

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