Gendo, a London, UK-based AI platform transforming how architects and designers bring ideas and sketches to life, raised an oversubscribed €1 million pre-seed round.
Investors
The round was led by Concept Ventures, with participation from Ascension Ventures, Baobab Ventures' Carles Reina, and prominent angels from the AI and architecture sectors, including the former Global Head of Design Studios at WeWork.
Founded in 2016 and based in London, United Kingdom, Concept Ventures is a venture capital investment firm focusing on pre-seed and seed-stage companies in fintech, enterprise, and entertainment sectors. They invest up to £750K initially and can participate in rounds up to £2M, with reserves allocated for support through Series A and beyond.
Gendo Use of Funds
The company plans to use the funding to enhance its AI tools, introduce new features, and expand its London-based team.
About Gendo
Founded in 2022 by George Proud and Will Jones, Gendo provides an AI platform for architects and designers to create and visualize their projects. Leveraging cutting-edge generative AI models and machine learning, Gendo transforms sketches, 2D drawings, and text prompts into detailed, realistic visualizations. Its mission is to empower designers to streamline laborious tasks, allowing more time for the creative aspects of design.
Funding Details
Company: Gendo Technology Ltd
Raised: €1.0M
Round: Pre-Seed Roud
Funding Month: July 2024
Lead Investors: Concept Ventures
Additional Investors: Ascension Ventures, Baobab Ventures' Carles Reina, Angels Investors
Company Website: https://www.gendo.ai/
Software Category: Architectural Visualization
Source: https://www.eu-startups.com/2024/07/london-based-gendo-raises-e1-million-to-transform-visualisations-with-ai-image-platform-for-architects/