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Home » Blog » CubiCasa » News » CubiCasa joins Moderne Ventures Passport 2017 accelerator program

CubiCasa joins Moderne Ventures Passport 2017 accelerator program

Moderne Passport 2017 class with Sherry Chris, CEO of Better Homes & Gardens
Moderne Passport 2017 class with Sherry Chris, CEO of Better Homes & Gardens

 

Awesome news! We gear up for growth and new foothold in the US real estate market. Being accepted into Moderne Ventures Passport program, CubiCasa gets access to top-level decision makers of the world’s largest real estate companies. For the rest of 2017, our calendar fills up with major clients, like Keller Williams, HSF Affiliates, Realogy, CBRE, Greystar, The Realty Alliance, MLSListings, Airbnb, plus the whole Moderne Network.

 

Read the full press release here.

 

What caught the attention of Moderne Ventures?

 

Our first encounter in Inman Connect ‘17, a brief meetup that gradually grew into the current agreement. During the application process, there was a number of things that the Moderne folks immediately realized the opportunity.

We have defined a relevant problem and a solution that works. Floor plans are an undervalued asset in real estate listings and ads. This means we have the potential to solve the case (more below).

The Moderne people admired our tech and vision to utilize AI and machine learning, a focused real estate specific approach, state of the art solution. Bullseye.

The service and the business model coexist and validate each other. It is possible to build a SaaS/subscription model for floor plans and 3D tours. Our data library enables a great number of applications, from APIs to output formats and even platforms.

CubiCasa is solving a problem that many people don’t know exists; valuable interior property dimensions and layout data is extremely fragmented in location and format, often making it unusable for today’s digital needs. Their ability to thoughtfully convert and create accurate 2D floor plans and 3D models, while standardizing the digitally optimized data at scale, addresses a big consumer demand. CubiCasa is also unlocking opportunity for property marketers and is positioned to help increase the accuracy of building intelligence as well as other property valuation models”, says Jeff Corbett, Director at Moderne Ventures.

 

The CubiCasa approach on real estate marketing

 

Roughly two years ago, when we got our first US deals, one thing surprised us: floor plans were far away from being the ‘usual stuff’, despite that the home buyers love floor plans (according to NAR). To confirm our view, we published a blog on the importance and absence of floor plans.

The agents have valid reasons for their choices, mainly due to lack of source materials. Being this hard, it’s no wonder why the situation is what it is. Additional property visualizations may be expensive and time-consuming to produce.

Fortunately, in all chicken-or-egg problems, the best answer is yes.

Digitally optimized 2D floor plans and 3D models, for any property, from any source
Digitally optimized 2D floor plans and 3D models, for any property, from any source.

 

Our updated online service redraws all sources into stylish floor plans, as a service, subscriptions starting at $15.90/month/user (at lowest $3.18 per floor plan!). We have the capability to redraw all kinds of sources into CubiCasa floor plans and Virtual Flythrough 3D tours.

The main obstacle is having the sources in the first place. Luckily, we are a technology company, capable of developing and delivering new solutions.

 

What’s next?

 

Jarmo’s Shark Tank presentation at Realogy HQ
Jarmo’s Shark Tank presentation at Realogy HQ.

 

The founders Harri Pesola and Jarmo Lumpus have already attended the first event, hosted by none less than Realogy. Our “Shark Tank” presentation was successful with a lot of great ideas and feedback!

Next, we are heading to Atlanta, GA, to attend NAA Education Conference & Exposition on June 21-24.

Stay tuned and follow our Twitter, LinkedIn and Instagram feeds!

We're building technology to digitize the real estate around us, and while doing it, helping families to find better homes, approve mortgages and renovate their homes. We are located in Oulu, Helsinki, San Jose, and Ho Chi Minh City. Currently we are especially looking for software developers to join our team.

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Digital GLA is LIVE

We launched a new solution for appraisals that allows capturing Gross Living Area (GLA) with a mobile device. Our new digital GLA service allows you to get true GLA according to ANSI standards without measuring or drawing.

The package includes a highly-detailed PNG floor plan file with a special GLA layout that highlights included and excluded areas and total area calculations by floor. P.S: The first scan is free of charge.

Interested in testing CubiCasa Digital GLA? Get in touch today. We’d love to know how our scanning technology compares with your current floor plan sketch and GLA numbers. Connect with our sales team at sales@cubicasa.com.

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