Modulize, an Oslo, Norway-based provider of a collaborative software solution for offsite construction that optimises design, planning, and procurement, raised €1.9m in Seed funding.
The round was led by KOMPAS, with participation from Pi Labs, Investinor, real estate developer Møller Eiendom, and Antler.
The company intends to use the funds to develop its product and grow its existing organization as it expands into different European markets.
Founded by Lucas Carstens, Olav Ljosland and Håkon Kalbakk in November 2020, Modulize provides a SaaS based platform to support modular construction and prefabrication, collectively referred to as offsite construction (OSC). Its tool covers the full OSC process: optimised and automated design, planning, procurement and delivery. The company’s software supports cost estimation and bidding, project planning, and building design itemisation. Its first product – focused on cost estimation and bidding – is already deployed and available for users. The platform automates calculations from 2D drawings and 3D building models that are imported, rendered and analysed to extract all the information a manufacturer needs to accurately price a quote for a contractor.
The company has a diverse team of 20+ with expertise in AI, SaaS and international business, working closely with clients across the Nordics and Europe.
FinSMEs
06/04/2022