AI-BOB, a Stockholm-based ConTech startup leveraging AI to make sure compliance with development rules, has secured €2 million in new funding, bringing the entire valuation to over €10 million – simply over a yr after its founding.
Main the funding spherical is VC agency CapitalT. Different buyers embody Fund F, which focuses on investing in female-founded firms, NCA, a German enterprise capital agency specialised within the development trade, and a choose group of angel buyers. The brand new capital will primarily be used for product growth and preparations for worldwide growth.
“AI-BOB’s imaginative and prescient is a world the place development errors are usually not simply minimized however eradicated. With this new capital, we will deal with creating an unimaginable product that really makes a distinction within the development and actual property trade. It’s wonderful to see worldwide buyers consider in us, and with their information and networks, we will put together to scale globally and enter new markets,” says Elin Mårtensson, Co-founder and CEO of AI-BOB.
Based in 2024 by Elin Mårtensson, Petter Wallberg, Rickard Svedenmark and Olle Eriksson, AI-BOB is creating digital options to optimise development and actual property growth. Through the use of AI to research blueprints and detect errors with millimeter precision—earlier than they turn into real-world points—AI-BOB is aiming to set a brand new customary for a sustainable and progressive development and actual property trade worldwide. The corporate was based in 2024 by Elin Mårtensson, Petter Wallberg, Rickard Svedenmark and Olle Eriksson.
The thought for AI-BOB was born out of Elin Mårtensson’s frustration after years as a property developer and constructing rules skilled. She found that development errors and delays are extra the rule than the exception, resulting in massively costly initiatives and huge quantities of pointless development waste.
In Sweden alone, the Nationwide Board of Housing, Constructing and Planning estimates that development errors value as much as €9.8 million yearly, equal to roughly 50k newly constructed residences.
The startup has shortly established itself out there and already has three international purchasers in its portfolio. Beforehand, AI-BOB raised €300k from EB Make investments and €130k from Norrsken Basis.
Capital T, the lead investor, sees important market potential in AI-BOB: “What impressed us most is how shortly AI-BOB recognized an actual market drawback and developed a wise, efficient answer. With a powerful group and a transparent imaginative and prescient, they’ve the potential to remodel this trade. We stay up for supporting their journey, which is simply starting,” says Janneke Niessen, Founding Companion at CapitalT.
