Steven Schuurman joins as GeoPhy’s new Board Chairman

Delft, The Netherlands, July 4, 2018 — Real estate technology company GeoPhy with offices in Delft, New York, Kaunas and London, today announced Steven Schuurman, co-founder and former CEO of Elastic, has been named chairman of its Board of Directors, effective July 2, 2018.

“GeoPhy is the one company in The Netherlands that has the potential to be the most successful tech startup in Europe founded since 2014. . . GeoPhy’s growth trajectory puts it straight at the top of the wishlist of companies every VC on the planet will want to invest in,” said Steven Schuurman. “I just love the fact that GeoPhy’s leadership team is so humble and focused. They are a wonderful group of talented professionals with a clear ambition to disrupt the global real estate market. An amazing journey and I look forward to helping them where I can.”

”We ran an exhaustive search for a partner to further strengthen our board’s breadth of talent and experience. We are delighted to have found such an inspiring individual and cultural fit,” said Teun van den Dries, GeoPhy’s co-founder and CEO. “We are confident Steven’s experience in scaling Deep Tech businesses to global prominence will make an important and positive impact on GeoPhy as we continue to expand internationally.”

Background on Steven Schuurman
One of the most successful Dutch serial tech entrepreneurs, Steven previously founded Orange11 and the world’s leading Enterprise Java middleware company, SpringSource — since acquired by VMware (VMW) in 2009 for US$420 million. Steven then moved on to become the co-founder and CEO (2012 – 2017) of Elastic, another Dutch grown unicorn and the company behind the Elastic Stack. There, he helped Elastic raise over US$104 million and positioned it as one of the most popular open source projects on the Web since its launch in 2012.

Steven’s focus and passion extends to social and public service where he is the founder and Chairman of Stichting FutureNL, a non-profit that brings digital skill development into the Dutch primary and secondary school system. He also serves on the board of the Rijksmuseum Fonds and the Smart Parks Foundation.

About GeoPhy
Founded in 2014, GeoPhy aims to transform antiquated commercial real estate (CRE) processes with data-driven valuations and analytics powered by machine learning. Its AI-powered valuations uncover value drivers that help steer acquisition due diligence, portfolio monitoring, and site selection for institutional lenders and investors in the real estate and financial sectors. Headquartered in Delft, the Netherlands, GeoPhy also has offices in New York, London and Kaunas (Lithuania).

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Onica King
Tel: +31 (0)15 737 0293

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