SquarePlan, the AI-powered PropTech company, has secured new funding from Movens Capital. The round brings the company's total capital raised to $3 million and will be used to accelerate its expansion into new international markets.
The new round was led by Movens Capital and a group of angel investors from the real estate and technology sectors. They join SquarePlan's existing VC backers that include Second Century Ventures, Kogito Ventures, KnowledgeHub and Realty Corp.
Founded by Zbigniew Kostrzewa and Łukasz Majewski, joined in 2023 by CEO Maciej Markowski, SquarePlan has built a platform that compresses what is traditionally one of the slowest parts of a commercial lease from weeks into minutes. Using algorithms and AI, the platform automatically generates space plans, cost estimates and 3D, VR and AR visualisations from a simple floor outline, helping landlords, brokers and tenants close deals faster.
The product is already used by landlords and developers in European commercial real estate, including Straba Real Estate and EPP who together manage millions of sqm of office space. SquarePlan estimates that its automation can shorten the early stages of a leasing process by several weeks and unlock savings on advisory and fitout 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," said Maciej Markowski, CEO of SquarePlan. "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."
With the new capital, SquarePlan plans to expand its commercial footprint in its key markets: EU, North America and Middle East.
