# Paraspot

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

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.paraspot.ai
- Total disclosed funding: $1.3M
- Latest round: Seed (Mar 12, 2024)
- Investors on record: 2

## About

Based in Berlin, Germany, and founded in 2019 by co-founders Nathan Herz and Yakir Saadia, Paraspot GmbH offers a software solution for automated property inspections using artificial intelligence (AI). In March 2024, Paraspot GmbH raised USD 1.3 million in seed funding led by investor ff Venture Capital, with participation from another investor, 97212 Ventures.


Paraspot offers cloud-based software that utilizes AI algorithms to analyse thousands of real estate images daily, ensuring accurate and efficient property assessments. Its user-friendly WebApp guides tenants or maintenance teams through comprehensive property scans, detecting any visual changes and generating detailed reports on inventory, structural integrity, and organization. The AI generates comprehensive reports highlighting discrepancies such as missing inventory items, structural damage like cracks or leaks, cleanliness issues, and comparisons to the state of the property during previous inspections.  The platform integrates with existing tools and provides a dashboard that allows users to create to-do lists for repairs or cleaning based on the report findings and assign tasks to their team members, improving overall workflow organization. The platform caters to businesses managing real estate portfolios, such as property management companies, hospitality groups, and logistics firms.


The company plans to use the March 2024 funding to support its product development and market expansion.

## Funding rounds

- Seed, Mar 12, 2024, $1.3M — ff Venture Capital, 97212 Ventures

## Investors

- ff Venture Capital (https://capitalatlas.ai/funds/ff-venture-capital) — Seed
- 97212 Ventures (https://capitalatlas.ai/funds/97212-ventures) — Seed