Spotr

AI-powered property intelligence platform for remote underwriting and risk assessment

Underwriting & Risk Growth Series A/B

Overview

Spotr is a property intelligence platform for P&C insurers, reinsurers, and housing associations that enables remote property risk assessment using satellite imagery, street-level photography, and geospatial data. The company, originally founded as Octo in 2015 and later rebranded to Spotr, is headquartered in The Hague, Netherlands, and operates across multiple European markets including the Netherlands, UK, Ireland, France, and Sweden.

The platform collects imagery from satellite, street-level, and drone sources, applies computer vision and machine learning algorithms to analyze building characteristics at scale, and delivers structured property data via web dashboard or REST API. Outputs include building condition scores, structural measurements, material classification, and risk indicators for hazards such as water damage, wind exposure, and subsidence. The platform integrates with underwriting systems including Guidewire, Duck Creek, and Salesforce.

Spotr has raised approximately EUR 9.3M across multiple funding rounds, including a EUR 4.5M growth round in January 2024 led by EDF Pulse Ventures. The company counts Zurich Insurance, Swedish insurer Lansfoersaekringar, and risk advisor Lockton among its customers, and was selected as a Zurich Innovation Championship winner in 2023 from over 3,500 global submissions.

Products & Services

Digital Property Inspection Platform

Core SaaS platform that analyzes properties using imagery from satellite, street-level, and drone sources. The platform runs computer vision algorithms to produce building profiles covering condition, materials, typology, and dimensional measurements. Data is accessible via a web dashboard or REST API and is designed for bulk portfolio analysis as well as individual property lookups.

Key Features

Four-step process: image collection, computer vision analysis, use-case scoring, and data delivery
Building condition assessment including structural integrity and maintenance indicators
Property typology and materials classification from multi-source imagery
Bulk portfolio scanning capability for large insurer books

Target Users: P&C carriers, reinsurers, housing associations

Insurance Underwriting Solution

Purpose-built capability for property and casualty underwriting workflows. Identifies properties carrying elevated risk characteristics and flags potential underinsurance gaps in existing portfolios.

Key Features

Underinsurance detection -- platform identifies properties underinsured by an average of 35%
Risk scoring for exposure to water damage, wind, and structural hazards
Swift underwriting support for remote property assessment without physical inspection
Lead generation based on risk profile analysis for targeted outreach

Target Users: Property underwriters, portfolio managers at carriers and reinsurers

Banking and Mortgage Solution

Provides property condition data for mortgage lenders and banks supporting LTV ratio analysis, energy label compliance, and ESG reporting requirements.

Key Features

Energy label and ESG compliance analysis
LTV ratio support through accurate property condition data
Property verification for lending decisions without site visits

Target Users: Mortgage lenders, banks, valuation firms

At a Glance

Founded: 2015
Headquarters: The Hague, Netherlands
Employees: 11-50
Funding: Series A/B

Category & Focus

Category: Underwriting & Risk
Subcategories: Property Risk Scoring Data Enrichment Remote Inspection Digital Twins
Insurance Verticals: P&C Commercial P&C Personal Specialty/E&S Reinsurance
Target Customers: Carriers, Reinsurers, MGAs/MGUs, Brokers