Polish PropTech startup, SquarePlan, has raised $1.8m in a seed funding round led by Movens Capital, bringing the company’s total funding to $3m. Angel investors from real estate and tech also participated in the funding round, joining existing backers Second Century Ventures, Kogito Ventures, KnowledgeHub Fund, and Realty Corp.
SquarePlan uses artificial intelligence (AI) to automate one of commercial real estate’s slowest processes – planning and visualising office spaces during lease negotiations. In addition, their platform turns a simple floor outline into space plans, cost estimates, and 3D, VR and AR visualisations.
The firm was founded by Zbigniew Kostrzewa, Łukasz Majewski, and led by CEO Maciej (Matthew) Markowski since 2023.
The product is already being used by landlords and developers in European commercial real estate, including Strabag Real Estate and EPP who manage millions of sqm of office space together.
SquarePlan predicts that its automation can shorten the early stages of a leasing process by several weeks and create savings on advisory and fit-out costs for both landlords and occupiers.
“Commercial leasing is still one of the slowest, most manual processes in real estate, and that has a real cost. Our customers have shown that when you put AI at the start of the leasing conversation deals move faster.
“This funding lets us bring that experience to many more brokers, architects, landlords and corporates around the world.”
Maciej (Matthew) Markowski, CEO, SquarePlan
With the new capital secured, SquarePlan is expected to expand its commercial footprint in its central key markets, such as EU, North America and the Middle East.
