GeoPhy is a Delft-founded AI proptech company that applies supervised machine learning to commercial property valuation. It captures thousands of data points from public and private sources, including satellite images and sales data, and analyses its own property database to find links between asset prices and location characteristics. According to the company, its technology reduces the average gap between a conventional commercial property appraisal and the actual sale price — about 5–6 percent in the UK and US — to close to zero. GeoPhy’s CEO Teun van den Dries says the company aims to understand the value of every building in the world and to shift the paradigm of property valuation. The startup recently announced a $33 million funding round led by Index Ventures.

Total raised

$33M

Funding rounds

1

Latest round

Series B

Latest activity

Jan 2019