CamPlan
Setting the Scene
Designing the interior of a house is inefficient for homeowners and design companies alike:
Costs of designing a home are astronomical.
Design processes can take up to three months, delaying project completion and frustrating clients.
Current design tools, rely on technology and user experiences that are decades old, creating bottlenecks in the creative process.
This week's company is transforming this outdated approach by integrating cutting-edge AI and AR technologies to revolutionize interior design.
In a Sentence
CamPlan is an AI and AR-powered platform for interior design and renovations.
AR: Users scan their space to create a 3D model, which they can visualize and interact with.
AI: The platform leverages artificial intelligence to provide design suggestions or populate furniture.
Bulleted Version:
- CamPlan is like having an AI-powered architect in your pocket, transforming the ideas of a user or design firm into detailed 3D/AR designs simply by scanning a room and prompting AI with a vision.
The Basics
- Headquarters: London, UK
- Employee Count: 2 (+1 contractor)
- Investors:
- Funding amount: £145 Pre-seed
- Business model: B2C ($19.99/mo) & B2B ($199.99/mo/person)
- Early traction: 6000 MAU, 40k+ downloads, $62k ARR, 14% MoM growth (all organic)
Due Diligence
WHAT WE LIKE
Market Opportunity: With around 50% of US and EU households remodeling annually, capturing even a small fraction at $20 per month, or expanding into the B2B market at $199 per seat per month, could generate substantial revenue.
Optimized for Spatial Computing: Unlike traditional 3D design tools like SketchUp and AutoCAD that rely on 2D screens, CamPlan is built for spatial computing, allowing users to create and interact with designs in a more intuitive and immersive way using AR.
Timing: The launch of CamPlan coincides with the rise of next-generation technologies like Apple’s Vision Pro and advancements in AI, positioning the company to capitalize on the expanding market and rapidly adapt as these technologies evolve.
POTENTIAL RISKS
Market Adoption: The transition from traditional 2D design tools to an AR/AI-powered platform may face resistance from industry professionals accustomed to legacy systems.
B2B Expansion: A product that excels in the B2C market may encounter challenges when scaling to also try and meet the complex needs and demands of enterprise clients.
Consumer Churn: Since home renovations are typically one-time or infrequent projects, maintaining long-term subscriptions among consumers could be challenging as their immediate design needs diminish.
Founder Profile
Viktor Maric, CEO: Previously built multiple AR apps, two of which have been featured by Apple on the App Store and at WWDC.
Levente Oszvald, AI Lead: Graduated top of his class in Machine Learning with experience in building multiple diffusion models from scratch.
Comps
Planner 5D: Backed by IMI.VC.
Rayon Design: Backed by 20VC, Kima Ventures, Seedcamp, Foundamental, Northzone, and others.
Maket AI: Backed by Techstars, Pareto Holdings, Front Row Ventures, Team Ignite Ventures, and others.
Why CamPlan
CamPlan is making room for a new era in interior design by seamlessly integrating AI-driven suggestions with immersive 3D/AR modeling, offering an alternative to outdated, 2D-based design tools.