Index Ventures leads $33m series-B for GeoPhy

Existing investors Inkef Capital – which is backed by Dutch pension fund ABP – and Hearst Ventures also took part in the investment.

The company intends to use the fresh capital to boost its growth in the Netherlands and accelerate its global expansion.

Following the deal, Index Ventures partner Jan Hammer will join the company's board to support the management in this new phase of expansion. The VC house is currently investing via its ninth fund, Index Ventures IX, which held a final close on its $650m target in July 2018. 

Previous funding
Inkef and Hearst led a series-A funding round for GeoPhy in May 2016.

Company
Founded in 2014, GeoPhy is an AI-powered commercial real estate valuation platform that uses machine learning to analyse data from public and private sources, including satellite images and sales data, and provide insight about the current value and potential appreciation of real estate assets.

GeoPhy's technology analyses relationships between asset values and features such as location characteristics, demographics and economic data like interest rates and stock indices, as well as hyper-local factors, including transport links, green spaces, density of independent coffee shops, crime rates and the tone of reviews for local businesses.

The company's client base includes rating agencies, banks, pension funds, national regulators, government-backed enterprises, investors and financial institutions, such as mortgage provider Fannie Mae, stock market data specialist FTSE Russell, and lending group Walker & Dunlop.

GeoPhy is headquartered in Delft, in the Netherlands, and has offices in New York, London and Kaunas, Lithuania.

People
Index Ventures – Jan Hammer (partner).
GeoPhy – Van den Dries (co-founder, CEO); Sander Mulders (co-founder, chief technology officer).

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• Topics
• Expansion
• Benelux
• Real estate
• Technology
• Index Ventures
• Venture
• Netherlands