PriceHubble is taking in fresh money
PriceHubble has secured several million francs in a financing round. The start-up uses artificial intelligence to simplify the valuation of real estate. It wants to use the fresh money to drive international growth.
PriceHubble has completed a successful financing round and raised several million Swiss francs, according to a message from startupticker.ch. The round was led by the Helvetia Venture Fund and Swiss Life. The investors also include the Austrian real estate company Soravia and Frank Strauss, former CEO of Deutsche Postbank.
PriceHubble makes it possible to gain useful knowledge for the valuation of real estate from large amounts of data. With the company's solution, for example, data on the location, the neighborhood or noise pollution can be evaluated and clearly presented with the help of big data analytics and artificial intelligence. PriceHubble is aimed at all parties in the real estate value chain, such as real estate portals, banks, asset managers, insurance companies, real estate investors and private individuals.
According to the announcement, the company is already successful in German-speaking countries, France and Japan. In the past twelve months, PriceHubble has quintupled the number of its customers to several hundred and doubled the number of employees to 72.
With the fresh money, the international growth is to be further promoted. "With the newly acquired financial resources, we are ideally equipped for further expansion and can further expand our top European position as proptech for data-driven real estate valuations and location analyzes", PriceHubble founder Stefan Heitmann was quoted as saying.