Amsterdam-Based Epum Raises €1.47 Million to Reinvent Commercial Real Estate Development Research


Last updated: August 31, 2024

Commercial Real Estate Development ResearchEpum, an ambitious startup based in Amsterdam and NYC, has raised €1.47 million in a pre-seed funding round.

The round, oversubscribed by 150%, was led by Curiosity VC, with support from NP-Hard Ventures, Remote First Capital, and Heartfelt VC.

This funding empowers Epum to further its mission of making commercial real estate more data-driven, ensuring pension funds can depend on steady investment returns.

The capital will accelerate the growth and distribution of Epum’s research platform, aimed at developers, investment managers, and lenders.

Epum’s platform is designed to streamline the identification of prime development sites.

It organizes proprietary data securely, predicts submarket trends using specialized machine learning models, and prepares investment memos over ten times faster than traditional methods.

Founded in 2024 by a team of seasoned professionals—former real estate developers Royden Cooper and Spencer Stieff, ex-Adyen software engineer Leonardo Costa, ex-Globality data scientist Tomasz Pietruszka, and Geospatial AI expert Marvin McCutchan—Epum brings together deep business knowledge and cutting-edge technology.

“This is a significant milestone for Epum and we are thrilled to have more resources to serve our customers,” said Royden Cooper, CEO of Epum.

“Commercial real estate developers are the main catalysts of value in the commercial real estate ecosystem since they are the ones who build the future of our cities.

After the last 12 months of industry volatility as a result of rising interest rates, we are excited to support developers with new tools to derisk their projects and grow their assets under management.”

Epum boasts the largest real-time dataset of urban zoning and planning activities across the U.S.

Its platform leverages this data alongside proprietary algorithms to deliver a robust site selection solution, assessing factors like local demand, zoning, demographics, and traffic to identify top acquisition opportunities.

Epum is already partnering with two national developers and a real estate private equity fund.

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Jon Morgan, MBA, LLM, has over ten years of experience growing startups and currently serves as CEO and Editor-in-Chief of Venture Smarter. Educated at UC Davis and Harvard, he offers deeply informed guidance. Beyond work, he enjoys spending time with family, his poodle Sophie, and learning Spanish.
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