Amsterdam and New York-based property research platform Epum, which aids developers in identifying optimal sites, organizing data, forecasting trends, and preparing investment memos more efficiently than traditional analysts, has raised $1.6 million in a pre-seed oversubscribed funding round for its commercial real estate research platform. The investment was led by Curiosity VC, with participation from NP-Hard Ventures, Remote First Capital, and Heartfelt VC.
- Founded in 2023 by Leonardo Costa, Tomasz Pietruszka, and Marvin McCutchan, Epum offers property research software that leverages the largest real-time dataset of U.S. urban zoning and planning activity.
- The platform provides a comprehensive solution for commercial real estate site selection by evaluating local demand drivers, zoning, ownership profiles, demographics, competitive supply, land area, terrain, transportation statistics, and other factors to identify and highlight the best acquisition opportunities.
Details of the deal
- The new funding round was led by Curiosity VC, an Amsterdam-based venture capital firm specializing in early-stage AI-driven B2B software startups. The firm's portfolio includes 15 startups and 18 investments, featuring companies such as Altura, Strise, freesi, and QA.tech.
"We're excited to support founders Royden, Spencer, Leonardo, Marvin, and Tomasz on their mission to make commercial real estate development more data-driven and transparent, together with our friends at NP-Hard Ventures and HEARTFELT_," Co-founder and managing partner at Curiosity VC, Herman Kienhuis, stated.
- The investment also saw participation from NP-Hard Ventures, Remote First Capital, and Berlin-based Heartfelt VC.
"Raising $1.6 million for our pre-seed round is a significant milestone for Epum and we are thrilled to have more resources to serve our customers. 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," CEO of Epum, Royden Cooper, commented.
- The raised capital will enable Epum to accelerate the development and distribution of its platform, enhance the commercial real estate industry's data-driven approach, and help pension funds rely on its investment returns for future support.
