April 20, 2015, New Orleans (Louisiana), Oulu (Finland) – For immediate release
Cubicasa, a Finnish 3D Technology, and Design company announce the closure of seed investment round with Butterfly Ventures.
“Properties are one of the most valuable assets sold on a daily basis. Each time a property is sold there’s a need for a floor plan along with the other materials. However, the quality of existing materials varies a lot, and quite often they’re not even available in digital form. CubiCasa makes it super easy for anyone to transfer their floor plans into appealing high-quality form cost-efficiently. On top of that, they automatically create an approximate 3D model based on the floor plan.“ Says Mr. Juho Risku, Co-Founder and Partner, Butterfly Ventures.
About the investment:
Butterfly Ventures invested in CubiCasa because of the company’s ability to cumulate floor plan data and 3D models extremely efficiently, while making money in the process. This provides protection for the business, and enables numerous business models, each with a multi-billion dollar market opportunity. Furthermore, the founding team has a strong entrepreneurial background with plenty of startup experience and established connections to the North American market.
Cubicasa is witnessing phenomenal sales growth, more than doubling incoming orders in the past four months.
“We’ve grown from 1000 digital floor plans in December, to more than 2000 customer deliveries in April 2015. Even our long-term growth looks to be steady 10% or above. With the new, innovative products coming out of our R&D labs, we plan to gain a serious foothold of the North American market during 2015”, says Mr. Harri Pesola, CEO.
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Cubicasa provides the global real estate market with advanced digital 2D, 3D, and interactive 3D floorplans, as well as designer grade digital staging and furnishing services. Furthermore, we have delivered over 18,000 digital floorplans. Cubicasa’s R&D arm, the Innovation Factory, continues to delight our real-estate customers with new, cutting-edge virtual indoor space visualization solutions. Established in 2013, the company is owned by its founding entrepreneurs and backed by Butterfly Ventures. Headquartered in Oulu, Finland, our North-American presence resides in Austin (TX), New Orleans (LA), New York (NY), and Vancouver (BC).
About Butterfly Ventures
We focus on early-stage technology companies with high growth potential. Moreover, our operating model is based on increasing the value of our portfolio companies. Our operation style resembles having professional serial entrepreneur co-founders for the duration of the early stages of the company; including our knowledge and business networks. Indeed, we do whatever it takes to make our portfolio startups succeed. We do pre-seed and seed investments; pre-seed investments being in the range of 15 – 90k€ and seed investments 200 – 400k€. The pre-seed is frequently used as a part of our due diligence process.