Epum, a property research platform based in Amsterdam and NYC, has secured $1.6M (€1.47M) in a pre-seed funding round led by Curiosity VC, with participation from NP-Hard Ventures, Remote First Capital, and Heartfelt VC. The round was over 150% oversubscribed.
The funds will accelerate the development and distribution of Epum’s platform, which aids developers, investment managers, and lenders in identifying prime development sites. The platform also organizes proprietary data, forecasts submarket trends using machine learning, and generates investment committee memos over 10 times faster than traditional methods.
CEO Royden Cooper expressed excitement about the milestone, highlighting the platform’s role in supporting commercial real estate developers amid industry volatility. Epum’s team includes former real estate developers and experts from Adyen, Globality, and the Vienna University of Technology.
Epum offers a powerful site selection solution based on a comprehensive real-time dataset of U.S. urban zoning and planning activity. The platform is already in use by nationwide developers and a real estate private equity fund. The company is registered in Delaware with operations in New York and Amsterdam.
“Raising $1.6M for our pre-seed round is a significant milestone for Epum and we are thrilled to have more resources to serve our customers,” said Royden Cooper, CEO of Epum. “Commercial real estate developers are the main catalysts of value in the commercial real estate ecosystem since they are the ones who build the future of our cities. After the last 12 months of industry volatility due to rising interest rates, we are excited to support developers with new tools to derisk their projects and grow their assets under management,” added Cooper.
Featured image: Credit: Epum
