Observed Signal · Sep 26, 2024 · Funding · Source: Tech.eu · Impact: 2/5 · Sentiment: Positive
Findable raises €9M to automate property sales admin
Oslo-based startup Findable has raised a €9 million Series A round led by Point Nine, with participation from KOMPAS VC, Construct Venture, and Lake Eight. Findable automates the sorting and filing of complex building documentation using AI, helping building owners, operators, and contractors save time and money. The funding will support rapid growth, expansion into new markets, and team expansion. The company has signed over 60 new clients in 2024, processed over 2 million documents, and doubled its headcount. It launched in the UK earlier this year. The platform addresses the built environment's carbon footprint and helps users adapt to evolving regulations such as the UK's Building Safety Act and the EU's Energy Performance of Buildings Directive.
Funding news for an AI-based proptech startup, relevant to the AdTech/MarTech ecosystem as a B2B SaaS and AI application, but not directly impacting the core digital advertising industry.
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Key Takeaways & Evidence Grounding
- Findable raised a €9 million Series A round.
- The round was led by Point Nine, with participation from KOMPAS VC, Construct Venture, and Lake Eight.
- Findable automates building documentation using AI.
- In 2024, Findable signed over 60 new clients and processed over 2 million documents.
- The company launched in the UK earlier this year.
Connected Companies & Entities
1 Entity mapped“The round was led by Point Nine...”
Ontology Mapping & Concepts
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Procuros Raises €20M for AI Supply Chain Connectivity
Hamburg-based Procuros, a supply chain connectivity platform, has raised €20 million in Series A funding. The round was led by XAnge, with participation from new investor W23 and existing backers Point Nine, Creandum, and b2venture, alongside angel investors. Founded in 2021 by Patrick Thelen and Benjamin Bradford, Procuros replaces fragmented B2B data exchange methods like EDI with a unified platform that validates and harmonizes data, enabling AI agents to automate supply chain transactions. The platform reduces manual processing by up to 95% with 99%+ data accuracy, serving over 300 customers in DACH and UK, including Breuninger and flaconi, and processing over €3 billion in annualized order volume. The funding will scale go-to-market activities, enhance AI-native infrastructure, and support international expansion into Europe and the US.
German AI Lab Grubel Raises €3 Million Pre-Seed Funding
Grubel, a Munich- and Tübingen-based AI research lab, has raised €3 million in pre-Seed funding to develop AI systems that adapt to individual legal cases. The round was led by Point Nine, with participation from notable angel investors including Jeff Dean, Chris Ré, Ion Stoica, and Harvey co-founders. Founded in 2026 by Moritz Hardt and Reinhard Heckel, Grubel aims to automate the AI specialization loop for complex legal work, comprising a data engine, test-time adaptation, and continual evaluation. The company plans to use the funds to support research, product development, and team expansion, targeting improvements in complex legal tasks while potentially handling routine tasks with smaller models.
Universal Quantum Raises Record $100M Series A
Universal Quantum, a UK-based quantum computing startup spun out of the University of Sussex, has raised a $100 million (€89 million) Series A round, the largest ever for a British quantum company, bringing total funding to over $125 million. The round was co-led by DCVC and Firgun Ventures, with participation from EDBI, Integral GlobalTech, NGS Super, and Roblox founder Dave Baszucki, as well as existing investors Nauta Capital and The Venture Collective. Founded in 2018 and based in Haywards Heath, UK, the company specializes in trapped-ion quantum computing with microwave control on its iQPU chip, targeting room-temperature, scalable, error-corrected systems. The funds will accelerate global expansion in the US, Japan, and Germany and support commercialization. Universal Quantum holds a €67 million contract with the German Aerospace Center (DLR) and a partnership with Rolls-Royce.
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