Delft, The Netherlands, January 24, 2019 — GeoPhy, an AI-powered real estate valuation platform has raised USD $33 million from investors to boost its global expansion. Index Ventures, the London and San Francisco-based venture capital firm, led the Series B round. They were joined by existing investors Inkef Capital and Hearst Ventures.
Co-founded by two former architects, Teun van den Dries (CEO) and Sander Mulders (CTO), GeoPhy aims to bring greater transparency and accuracy to the global property market. In the wake of the 2007 financial crisis — triggered, in part, by a poor understanding of securities pegged to real estate — financial institutions of all stripes are striving to get a clearer picture of the present and future value of property portfolios.