BuiltAI raises £4.5m in seed funding led by Work-Bench to expand its real estate platform.
The seed round was led by Work-Bench and will support the company's expansion into the US market.
BuiltAI provides an AI-powered financial modelling and investment underwriting platform designed for commercial real estate. The company helps clients analyse asset acquisition opportunities and manage existing portfolios with increased speed and accuracy.
BuiltAI has secured £4.5m in seed funding in a round led by Work-Bench, with participation from Lerer Hippeau, Timber Grove Ventures, Emerald Pine, and several angel investors. The capital will be deployed to support the company's growth, establish a footprint in the US market, and further develop its platform capabilities, including a new asset management tool and interactive AI agent.
The London-based business has scaled rapidly across the UK and Europe, where its platform has been used to evaluate £53.9bn in investment opportunities. The fresh funding follows traction with a blue-chip customer base that includes major property companies and developers, positioning the firm for broader international expansion.
From the founder
"Generative AI is becoming increasingly embedded in financial decisions, to translate data at scale and automate underwriting. Real estate is the world's largest asset class and yet the tools used to appraise deals have barely evolved in the last 40 years. Billions of dollars worth of investment deals are still screened every year using outdated, error-prone processes leading to over $185 billion in annual losses because of incorrect valuation metrics or missed opportunities. Our AI solution will be transformative for every stage of the property asset lifecycle, from sourcing, to acquisition to disposal, for brokers, investors, lenders and valuers."
Natan Lempert
CEO at BuiltAI
Investor perspective
"We couldn't be more excited to invest in BuiltAI and support Natan and Firoz. The future of software requires three essential attributes: domain expertise, AI skills, and ingenuity. These founders have all three and seek to fundamentally reimagine the real estate investment process. By automating away manual tasks, unlocking organizations' historical data, and overlaying market data, real estate investment professionals can rapidly screen deals, run various scenarios, and spend time laser focused on key diligence areas outside of their computer screen to transact with more speed and confidence than ever before."
Jonathan Lehr
Co-Founder and General Partner, Work-Bench
Use of funds
- 01Expand into international markets
- 02Continue product development