BAHR and Goodwin Procter LLP advised Spacemaker on this transaction.
Autodesk, the U.S. publicly listed software and services company that targets engineering and design industries, has acquired Norway’s Spacemaker, a startup that has developed AI-supported software for urban development.
The price of the acquisition is $240 million in a mostly all-cash deal. Spacemaker’s VC backers include European firms Atomico and Northzone, which co-led the company’s $25 million Series A round in 2019. Other investors on the cap table include Nordic real estate innovator NREP, Nordic property developer OBOS, U.K. real estate technology fund Round Hill Ventures and Norway’s Construct Venture.
Founded by Håvard Haukeland, Carl Christensen and Anders Kvale, and based in Oslo, Norway — but with a number of other outposts around the globe — the 115-person Spacemaker team develops and sells cloud-based software that utilises AI to help architects, urban designers and real estate developers make more informed design decisions. By having Spacemaker look over a designer’s shoulder, as CEO Haukeland likes to say, the software aims to augment the work of humans and not only speed up the urban development design and planning process but also improve outcomes, including around sustainability and quality of life for the people who will ultimately live in the resulting spaces.
The BAHR team consisted of Øystein Guvåg (Picture), Camilla Jøtun, Lars Kristian Sande and Jesper Aaserud.
The Goodwin team was led by Lawrence Chu, Claudia Torres, and Courtney Schrenko, and included Joel Lehrer, Sarah Bock, Ariel Gaknoki, Koray Bulut, Jacqueline Klosek, Alex Moyer, Paul Jin, Matthew Wheatley, Seo Salimi, Richard Matheny, Ce Li, Janet Andolina, John Stern, Cecelia Lockner, and Adam Slutsky.
Involved fees earner: Jesper Aaserud – BAHR SA; Øystein Guvåg – BAHR SA; Camilla Jøtun – BAHR SA; Lars Kristian Sande – BAHR SA; Janet Andolina – Goodwin Procter; Sarah Bock – Goodwin Procter; Koray Bulut – Goodwin Procter; Lawrence Chu – Goodwin Procter; Paul Jin – Goodwin Procter; Jacqueline Klosek – Goodwin Procter; Joel Lehrer – Goodwin Procter; Ce Li – Goodwin Procter; Cecelia Lockner – Goodwin Procter; Richard Matheny – Goodwin Procter; Alex Moyer – Goodwin Procter; Seo Salimi – Goodwin Procter; Courtney Schrenko – Goodwin Procter; Adam Slutsky – Goodwin Procter; John Stern – Goodwin Procter; Claudia Torres – Goodwin Procter; Matthew Wheatley – Goodwin Procter;