Finch, a Malmö, Sweden-based construction and engineering software startup, secured €2.5 million in seed funding.
The round was led by Nordic VC firm Inventure, with the participation of notable angels such as Peter Neubauer (co-founder of Mapillary and Neo4j) and Emil Sjödin (co-founder of Refined).
With the funding, Finch will be able to build the next-gen design tool and launch the product.
The startup offers a cloud-based collaboration platform that enables users to avoid costly and time-consuming errors in the early stage of a project.
“As architects ourselves, my co-founder and I have first-hand experience of the pain of not having access to the kind of modern planning tools that we take for granted in all other industries. Instead of working collaboratively on a project in the cloud, we’d have to send projects as saved files back and forth between ourselves and external partners while manually visualizing different floor plans and their constraints. With Finch, everyone involved in a project is able to see how different rules and regulations impact the building and its potential inside and out from the get-go.” says Pamela Wallgren, co-founder, and CEO.
Finch's AI-powered tools help users optimize their plans with little effort after making even a small change that would affect the whole project’s well-being, like moving a wall.
Company: ArchFinch AB
Round: Seed Round
Funding Month: November 2022
Lead Investors: Inventure
Additional Investors: Peter Neubauer and Emil Sjödin
Company Website: https://www.finch3d.com/
Software Category: AI Design Software
About the Company: Finch was founded by Pamela Nunez Wallgren, Jesper Wallgren, and Martin Kretz to empower architects, engineers, and constructors to build better cities by making more informed decisions in early-stage planning. Finch is a tool for architects to leverage their designs in the early phases of a project. Through the company's SaaS platform, architects can generate buildings within seconds based on their own design and style. Finch's cloud software uses AI to predict the effectiveness of architecture designs, pulling up design errors and recommending adjustments that could fix the problem and spare countless man-hours. Finch already has 12,000 customers across the world including the award-winning firms Herzog & de Meuron and White Arkitekter. Finch is based in Malmo, Sweden.