Spotable raises €4m seed to expand quoting software in Europe and the US
An address becomes a measured 3D roof or facade model that contractors can turn into a quote.
Spotable raised €4 million in seed funding from Jonas Dhaenens, Christophe Morbee, the family office of Hilde Cloostermans and Philip Corens, and Arne Vandendriessche. The Harbour acted as broker, rather than an investor.
The company will continue product development, expand in France and Germany and accelerate US growth. It reports 350 customers, mostly roofing and façade contractors in Belgium and the Netherlands, and more than 10 million square metres of roofs processed.
Its software turns a property address into a 3D model, measurements, material quantities and a quote. Early US trade-show testing and commercial activity provide the starting point for the planned expansion.
Use of funds
Continue product development
Expand in France and Germany
Accelerate US growth