Swedish Startup Space

Spotscale Closes 1M USD Seed Funding Round

Written by on July 14, 2015

Swedish startup Spotscale provides online tools and services for virtual real estate development and city planning. The funding will be used to accelerate the development of the company’s technologies for applications in real estate, entertainment, local search and navigation.

“This group of investors is a perfect match for the company”, says Ludvig Emgård, founder of Spotscale. “The investment allows us to take our business to the next level, scale our technology and commercial side, and at the same time enhance the usability.

“This group of investors is a perfect match for the company”, says Ludvig Emgård, founder of Spotscale.

 

Lead investor is Stockholm-based Venture Capital firm MOOR, and angel investors include Magnus Malm and Erik Byrenius, both Swedish successful Swedish entrepreneurs. ”Using the Spotscale cloud,real estate owners can interactively alter their projects and simulate the future before the first brick has been laid.

Spotscale is already on the market in Northern Europe with large construction firms and real estate developers.“We are really excited about working with Spotscale and their talented team. The usability of VR and AR is without doubt growing at a high pace and will reach a wider audience in the near future, and with that there will also be an increased requirement for high quality 3D assets, and Spotscale is the leading player within their segment.” says Mikael Moreira and Andy Johnston at MOOR.

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