Here’s how Swiss startup PriceHubble is using AI to help you make smarter real estate decisions; raises € 28.8m
PriceHubble is a Switzerland-based B2B proptech company that creates innovative digital solutions for the real estate industry based on real estate valuations and market intelligence. The company raised $ 34 million (approximately € 28.87 million) in its Series B funding round.
The news follows the company’s recent acquisition of Czech company Realtify. With this fourth acquisition, the company expands its services to the Czech and Slovak markets.
Recently, the winners of the Future Hamburg Award 2021 were announced.
Investors in this round
The investment was led by Digital + Partners, a European growth capital investor focused on international investments in B2B software. In addition, Latitude Ventures, the Series B + sister fund of LocalGlobe, the London-based venture capitalist that supports high-growth startups, and TX Ventures of Zurich – the venture capital arm of TX Group AG, have also invested. in this round.
In addition, Series B also saw the participation of business angels, including Dr Martin Enderle (Chairman of Delivery Hero and former CEO of the Scout24 Group), and existing investors, such as Swiss Life and btov / Helvetia Venture Fund.
To bring transparency to the real estate markets
PriceHubble strives to improve the customer experience throughout the real estate and mortgage value chain. It does this by developing real estate driven by data and machine learning, with a focus on valuations, predictive analytics, and actionable insights.
According to the company, “We provide information and solutions to our clients, enabling them to make smarter real estate decisions and improve critical business performance metrics (for example, client conversion, retention or rental yield). As a B2B business, PriceHubble caters to banks, asset managers, developers, property managers and real estate agents with its digital solutions.
Founded in 2016 by Dr Stefan Heitmann and Markus Stadler, PriceHubble claims to have a team of 130 specialists, including data scientists, engineers and seasoned entrepreneurs.
Remus Brett of Latitude Ventures says, “Even though real estate marketing was first digitized over a decade ago, many aspects of the selling and appraisal process remain decidedly analog, which means that every step of the transaction process is fragile. PriceHubble brings data-driven valuation and predictive analytics to the industry to solve many of the problems that exist in real estate markets, increasing price transparency and ultimately better serving buyers and sellers.
Use of funds
The raised capital will help PriceHubble in its growth and expansion strategy, as well as further innovate in data science resources.
Dr Stefan Heitmann, Founder of PriceHubble, says: With this new capital, PriceHubble can further accelerate global market expansion and continue to extend our technological leadership in data-driven solutions for the real estate and financial markets. It is one of the biggest B-towers in the European PropTech scene.
Currently, the company offers its services in 9 markets, including Switzerland, France, Germany, Austria, Japan, the Netherlands, Belgium, the Czech Republic and Slovakia. With triple growth over the past 12 months, the proptech startup currently has a client base of 800 companies in Europe and Asia.