SquarePlan, a Polish proptech startup, has raised a $1.8M seed round led by Movens Capital, bringing its total funding to $3M. The company uses AI to automate one of commercial real estate’s slowest processes, including planning and visualising office spaces during lease negotiations. Angel investors from real estate and tech also participated. They join existing backers Second Century Ventures, Kogito Ventures, KnowledgeHub Fund, and Realty Corp.
Founded by Zbigniew Kostrzewa and Łukasz Majewski, and led since 2023 by chief executive officer Maciej (Matthew) Markowski, SquarePlan’s platform turns a simple floor outline into space plans, cost estimates, and 3D, VR, and AR visualisations.
The product is already used by landlords and developers in European commercial real estate, including Strabag Real Estate and EPP who together manage millions of sqm of office space. SquarePlan estimates that its automation can shorten the early stages of a leasing process by several weeks and unlock savings on advisory and fitout costs for both landlords and occupiers.
Maciej (Matthew) Markowski, CEO of SquarePlan, said, “Commercial leasing is still one of the slowest, most manual processes in real estate, and that has a real cost. Our customers have shown that when you put AI at the start of the leasing conversation deals move faster. This funding lets us bring that experience to many more brokers, architects, landlords and corporates around the world.”
With the new capital, SquarePlan plans to expand its commercial footprint in its key markets, such as EU, North America and Middle East.
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