# CubiCasa

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cubicasa

- Industry: Software
- Headquarters: Oulu, Finland
- Website: www.cubi.casa
- Latest round: Seed (Apr 20, 2015)
- Investors on record: 1

## About

CubiCasa Ltd creates innovative software solutions that enable the rapid generation of 2D and 3D floor plans, facilitating the real estate market's needs with efficiency and precision.CubiCasa Ltd, founded in 2014 in Oulu, Finland, specializes in software that allows real estate professionals to create detailed floor plans with ease. The company has undergone significant growth and has successfully completed four funding rounds. The team was led by Co-founders Aarne Huttunen, Antti Karhu, Harri Pesola, Ho Van Anh Nguyen, and Mikko Perälä, with Harri Pesola serving as CEO. Most recently, CubiCasa was acquired by ClearCapital.com on September 22, 2021, for an undisclosed amount. The firm has raised a total of USD 0.33 mn across its funding rounds.CubiCasa specializes in developing advanced software applications for creating 2D and 3D floor plans, targeting real estate professionals, appraisers, and lenders. Their flagship product, the CubiCasa mobile app, allows users to quickly scan properties using a standard smartphone, producing detailed floor plans in a matter of minutes. The company has successfully generated over 2,000,000 floor plans and serves a client base that includes over 200,000 companies across various sectors. The app not only produces floor plans but also offers additional services such as Gross Living Area (GLA) reports, home reports, and snapshots, all compliant with industry standards like ANSI Z765. CubiCasa operates primarily in North America, Europe, and parts of Asia, aiming to streamline real estate marketing and appraisal processes.CubiCasa generates revenue primarily through a subscription model and pay-per-use transactions, wherein clients can purchase individual scans or subscribe to monthly plans based on their scanning needs. For the most recent fiscal year, the company reported a revenue of USD 6.38 mn and an EBITDA of USD 6.32 mn. Their pricing structure incentivizes volume usage, offering discounts for clients who reach a threshold of 20 or more paid scans per month, which includes access to various add-on products like 3D floor plans and GLA reports. The company’s revenue is bolstered by partnerships with real estate agents, photographers, and appraisal management companies, which utilize CubiCasa’s technology to enhance their service offerings.CubiCasa plans to introduce new features and enhancements to their existing product line to meet evolving client needs. They are strategically targeting expansion into additional markets across Asia and Europe, leveraging insights gained from their recent acquisition by ClearCapital.com. The funding from their latest funding round, amounting to USD 0.33 mn, will be allocated towards research and development of new products, as well as marketing initiatives to penetrate these new geographic areas effectively.

## Funding rounds

- Seed, Apr 20, 2015 — Butterfly Ventures

## Investors

- Butterfly Ventures (https://capitalatlas.ai/funds/butterfly-ventures) — Seed