Struck, a startup based in Amsterdam, has captured attention by raising €2M in seed funding to enhance its AI-driven platform, aimed at unraveling the complexities of compliance and permitting within the construction sector across Europe. The funding round is spearheaded by Value Factory Ventures, with notable participation from Antler and various industry experts. The urgency to transition to sustainable building practices has spotlighted the pivotal role of innovative solutions like Struck, as the construction industry grapples with escalating regulatory demands amidst a pressing need for new housing developments.
In the past, the construction industry has often found itself burdened by the intricate web of regulations governing everything from zoning laws to energy and sustainability standards. Such complexities have historically slowed down progress, inflated costs, and discouraged innovation. Struck’s offerings emerge in response to these challenges, leveraging artificial intelligence to streamline the compliance process, thereby facilitating swifter project delivery and helping stakeholders more easily navigate regulatory landscapes.
How Does Struck’s AI Platform Address Compliance Hurdles?
Struck utilizes an AI-based system to assist stakeholders in the construction industry—such as architects, developers, and local authorities—in accessing pertinent regulatory information for their projects. The platform automates the verification of design compliance with current laws, effectively reducing procedural delays and risks traditionally associated with the permitting process. This fosters a setting conducive to innovation while accelerating the rate at which sustainable projects are launched into the market.
What Is the Role of the New Investment?
The recent investment is pivotal for Struck as it looks to refine its platform further and broaden its reach into other European markets. The focus is on enhancing the platform’s capability to manage increasingly complex building regulations efficiently and ensuring that the need for rapid, sustainable construction does not come at the expense of compliance.
“Building regulations are becoming increasingly complex, while the need for faster and more sustainable construction is greater than ever,”
explained Max van Riel, co-founder of Struck.
“This investment allows us to further develop our compliance and design check platform and bring this solution to other European countries facing the same challenge.”
Value Factory Ventures, leading the investment, brings a history of supporting startups working within sectors like agritech, food, climate, and the built environment, with a focus on sustainable resource use. Antler, another participant in the round, is known for backing early-stage startups worldwide, offering not just funds but a network of peers and business validation as well.
As Struck continues to develop its platform, the company will contribute to making the process of compliance and permitting more accessible and less time-consuming, which could lead to more rapid adoption of sustainable building practices. The company’s expansion into wider European markets will be closely watched by stakeholders keen on leveraging AI solutions for enhancing construction processes.
The advances in technology like those offered by Struck are crucial as the construction industry works towards addressing both regulatory demands and the pressing need for increased and sustainable housing. The support from significant investors reiterates the industry’s confidence in the potential of technology to simplify compliance in construction, signaling a shift towards more agile, informed, and sustainable construction management practices.
